Expected impact of privatization oneconomic growth in Saudi Arabia within the framework of the National Transition Plan to accomplish the Vision 2030

International Journal of Economics and Management Studies

© 2019 by SSRG - IJEMS Journal

Volume 6 Issue 11

Year of Publication : 2019

Authors : Dr.Benmbarek Mahmoud

10.14445/23939125/IJEMS-V6I11P114

How to Cite?

Dr.Benmbarek Mahmoud, "Expected impact of privatization oneconomic growth in Saudi Arabia within the framework of the National Transition Plan to accomplish the Vision 2030," SSRG International Journal of Economics and Management Studies, vol. 6,  no. 11, pp. 118-122, 2019. Crossref, https://doi.org/10.14445/23939125/IJEMS-V6I11P114

Abstract:

Privatizationis considered a mean to change the structure of the economy, the role of private enterprises and increasing competition. The importance of privatization is based on diversifying the economy to reinforce the role of the private sector and raising economic efficiency. Therefore the process of privatization can lead to economic growth if it improves saving rate, efficiency andtechnical progress. In conjunction with the objectives of Vision 2030, especially those related to the expansion of privatization of government services to achieve balance in the budget and to improve the level of performance, productivity and flexibility of government agencies and create an attractive environment for local and international investors and increase their confidence in the Saudi economy, many government agencies have set several strategic goals that represent a main challenge.

Keywords:

privatization, framework, empirical framework

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