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Investment in Saudi Vision 2030 and Improving the Business Environment Presented by Saudi Arabian General Investment Authority “SAGIA” EU-GCC Trade and.

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Presentation on theme: "Investment in Saudi Vision 2030 and Improving the Business Environment Presented by Saudi Arabian General Investment Authority “SAGIA” EU-GCC Trade and."— Presentation transcript:

1 Investment in Saudi Vision 2030 and Improving the Business Environment Presented by Saudi Arabian General Investment Authority “SAGIA” EU-GCC Trade and Investment Dialogue 16-17 May 2017, Riyadh, KSA © SAGIA 2017 │ Invest Saudi

2 31.7 $640 $224 2.5% Saudi Arabia at a glance Million Billion Billion
Total Population GDP 31.7 $640 FDI Inward Stock Million Billion $224 Billion Percentage of Youth (Under 25) Population Growth Rate 2.5% 50% © SAGIA 2017 │ Invest Saudi Source : UNCTAD 2015 General Authority for Statistics Feb 2016

3 20th 5th 17th 29th The Saudi Arabian Economy Largest Economy
Highest Growth(G20) Largest Exporter Largest Importer © SAGIA 2017 │ Invest Saudi * Source : IMF World Bank Data 2015 General Authority for Statistics

4 Saudi Arabia Today Young, large and growing demography
Rich cultural heritage Central location between Europe, Asia and Africa Bedrock of regional stability Energy resources Blessed with rich mineral resources Global leader in Petrochemicals © SAGIA 2017 │ Invest Saudi

5 © SAGIA 2017 │ Invest Saudi

6 Our Vision: Pillars SAUDI ARABIA The heart of the Arab and Muslim World AN INVESTMENT Powerhouse A HUB Connecting Three Continents © SAGIA 2017 │ Invest Saudi

7 Our Vision: Theme A Vibrant Society A Thriving Economy
An Ambitious Nation © SAGIA 2017 │ Invest Saudi

8 A Vibrant Society 6% 10 80 years 74 3% 26 6% 3%
Disposable Income on Entertainment & Leisure Life Expectancy OECD Social Capital Index © SAGIA 2017 │ Invest Saudi

9 SME Contribution to GDP
A Thriving Economy 5.7% 65% 35% 3.8% 40% 20% FDI’s Contribution to GDP Private Sector Contribution to GDP SME Contribution to GDP © SAGIA 2017 │ Invest Saudi

10 Ambitious Nation Improving our E-Government Survey Index ranking 36 5 80 Improving our Government Effectiveness Index ranking 20 © SAGIA 2017 │ Invest Saudi

11 Empowering Localization
Defense & Military Oil & Gas Localizing Military Spending 2% 50% Local Content Oil & Gas 40% 75% © SAGIA 2017 │ Invest Saudi

12 Connecting 3 Continents
A LOGISTICAL LOCATION 25 10% of World Trade passes by the Red Sea OUR GEOGRAPHIC POSITION ENHANCES OUR GLOBAL TRADE PROGRESS 49 Improving Governance and Easing Trade Movement Logistics Performance Index WE HAVE Top Infrastructure OUR UPCOMING GOAL 1st in the GCC © SAGIA 2017 │ Invest Saudi

13 Clear Goals, Clear Roles
National Transformational Plan (NTP) 2020 Strategic Partnership Program Privatization Program Regulations Review Program Fiscal Balance Program Government Project Management Program Saudi Aramco Strategic Transformation Program Public Investment Fund Restructuring Program Human Capital Program Program for Strengthening Public Sector Governance Performance Measurement Program EXECUTIVE PROGRAMS 18 © SAGIA 2017 │ Invest Saudi

14 SAGIA’s Core Business and role to achieve SV 2030

15 SAGIA’s Core Business SAGIA
SAGIA undertakes multiple investment related activities including developing business opportunities, enhancing investor services and proactively pursuing strategic initiatives Investment Regulation & Policy Investment Promotion Investors Services Fostering the business climate for investment Identifying market opportunities in a growing and diversifying economy Providing administrative and practical support for investors One Stop Shop Transportation & Logistics Healthcare Energy ICT Competitiveness Acceleration Program “CAP”

16 Institutionalizing Efforts Through Steering Committee
Council of Economic & Developmental Affairs (CEDA) Executive Committee for Improving the Performance of the Private Sector (“Tayseer”) Ministerial Committee Ministerial Partnerships 04/08/2016 Global Benchmarks & WB Committees 15/11/2016 Competitiveness Acceleration Program 11/12/2015 Specialized Working Groups 16/05/2016 16 Government Entities

17 CAP Program Overview Competitiveness Acceleration Program (CAP)
Finalize Action Plan Convene Task Force Share & Develop Potential Solutions Align on Key Issues & Problems Align on Actions and KPIS Review Initial Diagnosis and Action Plan Competitiveness Acceleration Program (CAP) Enhancing Trade Across Borders Ease of Starting a Business Regulatory Transparency & Stability Improving the Quality & Availability of Labor Trading Across Borders Quality of Logistics Infrastructure Importing Goods & Equipment Exporting to Foreign Markets Starting a Business (as a Saudi) Foreign investment process & regulations Transparency and Consistency of Regulation Efficient Use of Talent Quality of Labor Force Labor Market Flexibility Quality of Higher Education Ease of Hiring and Firing Enhancing Commercial Law Foundations Improving Access to Markets & Competition Foundations for Future Competitiveness Enforcing Gov’t Procurement & Incentives Enforcing Contracts Protecting Investors Resolving Insolvency Transparency of Legal Framework Aligning Procurement & Incentives for Economic Impact Access to Government Procurement Access to Government Incentives Market Concentration & Dominance by Large Firms Clarity of Investment Opportunities Quality of Primary Education Innovation Ecosystem Quality of Infrastructure

18 Ease of Doing Business Committees
H.E. Dr. Majed AlQassabi Minister of Commerce and Investment KSA’s Ranking 20 94 2020 Target Current Ranking 70 Total Actions Completed Actions 40 Starting a Business 1 Obtaining a Construction Permit 2 Getting Electricity 3 Registering Property 4 Worked closely with WB to develop the initiatives Getting Credit 5 Protecting Minority Investors 6 Allocated resources from different government entities to drive implementation Paying Taxes 7 Trading Across Borders 8 Each committee includes representatives from any relevant government agency Enforcing Contracts 9 Dealing with Insolvency 10

19 Completed and Upcoming Actions
1 Establishing the arbitration center 1 New procurement law 2 Decreasing the number of import/export documents needed 2 New insolvency law 3 Removing requirement for company seal 3 Port community system to automate import / export processes 4 Opening bank accounts in 24 hours 4 Establishing independent commercial courts 5 Issuing new rules for protecting minority investors 5 National center for documents and archives 6 Implementation of the unified ID number (the 700 #) 6 Private sector participation in policy making 7 Establishing 6 One Stop Shops 8 Develop electronic case management tools for judges and lawyers

20 Thank you, © SAGIA 2017 │ Invest Saudi


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