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Looking forward to building a vibrant society to achieve the vision of the Kingdom 2030, Council of Economic and Development Affairs launches the Quality of Life Program 2020 with a total expenditure of 130 billion riyals
• Including Saudi cities within the list of the best 100 cities in the world... while upgrading services and infrastructure. • The Program seeks to improve the quality of life and provide attractive investment opportunities. • Direct expenditure of the Quality of Life Program 2020 initiatives of 74 billion riyals. • Total direct government expenditure in the program represents more than 50.9 billion riyals. • Total private sector investment in the program exceeds SR 23.7 billion by 2020. • Updating legal texts to support investment in the sectors related to the Quality of Life Program 2020 • Promotes sports activities in the community and achieves excellence in several sports worldwide. • It aims to diversify entertainment opportunities to meet the needs of the people, and to contribute to arts and culture. • Comprehensive implementation plan and clear mechanisms to follow up the achievement of the objectives and Program indicators. The Council of Economic and Development Affairs launched the (Quality of Life Program 2020), one of the Vision Realization Programs 2030 which was approved by the Council of Ministers. The Program comes as a continuance to the operational Programs that were launched to support the achievement of the 2030 vision, as well as, to strengthen the cornerstones in the Kingdom. The implementation plan of (Quality of Life Program 2020) reflects the vision of the government of the Custodian of the Two Holy Mosques and His Crown Prince to prepare the required environment to improve individuals and families' lifestyle. In addition, to promote new options that enhance participation in cultural, entertainment, sports and other appropriate activities that contribute to the quality of life, job creation, as well as, to encourage investment opportunities, and diversifying economic activities, while enhancing the status of Saudi cities in the ranking of the best cities in the world. The launch of the Quality of Life Program 2020 follows the efforts of His Highness the Crown Prince and Chairman of the Council of Economic and Development Affairs to achieve the objectives of the Kingdom's vision 2030. His Highness is keen to make the Kingdom's economy more prosperous and the Saudi society more vibrant. Total expenditures in the sectors related to the quality of life program 2020 up to 2020 reaches to 130 billion riyals (34.6 billion dollars), of which 74.5 billion riyals (19.8 billion dollars) total direct investments in the program. The government capital expenditure is more than 50 billion riyals (13.3 billion riyals) until 2020, and investments available to the private sector around 23.7 billion (6.3 billion dollar) for the same period through 220 initiatives adopted by the program up to 2020. This does not include all forms of capital expenditure in major projects Such as Al Qadiya Project, the Red Sea Project, Al-Dariyah Gate Project, Historical Jeddah Project, Royal Commission for Al-Ola and other projects, in addition to all related projects of the private sector, with total investments exceeding SR 86 billion (23 billion dollar). The 2020 Quality of Life Program aims to achieve non-oil Gross Domestic Production growth in the related sectors by 20% per year until 2020, and the contribution of local content in the relevant sectors by 67% until 2020. The program indicators within macroeconomic measures up to 2020 includes creating more than 346,000 jobs and generated non-oil revenues of SR 1.9 billion (0.5 billion dollar). donwload file in pdf format --More 19:26 LOCAL TIME 16:26 GMT www.spa.gov.sa/1759398
