Question

In: Economics

Write an essay on the National transformation Program (NTP) The essay should be approximately 500 words,...

  • Write an essay on the National transformation Program (NTP)
  • The essay should be approximately 500 words, with Times new roman font and size 12.
  • Do not copy & Paste.
  • Include references.

Solutions

Expert Solution

The iNational iTransformation iProgram iis ian iaction iplan iwhich ideveoped iby ithe iSaudi igovernment ito idiminish ithe icountry’s ieconomic idependence ion ioil. i iThis iis ia iframework iof iSaudi iefforts ito idiversify iits ieconomic iincome iaway ifrom ithe ioil iindustry. iThis iplan iadopted ibecause isince i2013 iSaudi iArabia's igovernment irevenue ibecame ileft ihalf idue ito ilow ioil iprice icut. iAdditionally, iit iis iadapting ito ilower ibudgets, ithe igovernment ihad ito irespond ito irising idemand ifor ieducation, ihealth, ihousing, iwater iand ielectricity. iMohammad ibin iSalman, ithe iCrown iprince iof iSaudi iArabia i ilaunched ithe iNational iTransformation iProgram ito ifulfill ipart iof ithe igoals iset iby ithe iVision i2030 iprogram. i

For iimproving ithe icapacity iand icapabilities irequired ito iachieve ithe igoals iof i“Vision i2030,” ithe iNational iTransformation iProgram iwas ilaunched ias ia iVRP iinvolving i24 igovernment iagencies. iIt iis iaimed ito idevelop igovernmental iwork iand iestablish ithe ineeded iinfrastructure ito iachieve i“Vision i2030” iambition iand irequirements. iThe iaim iof ithis iplan ito ifocus ion ithree iprinciples: iAchieving iGovernmental iOperational iExcellence, iImproving iEconomic iEnablers iand iEnhancing ithe iStandards iof iLiving. iIt ihas ian ivisiion ito iimprove ithe iquality iof igovernment iservices ithat iare iprovided ito iindividuals ias iwell ias iprivate iand inon-profit iorganizations, ito isupport iachieving ithe igrowth iof ithe iprivate isector iand ito iprovide ibeneficiaries iindividuals, iprivate iand inon-profit isectors, iwith iimproved isystems iof isocial iservices, ihealthcare, iand isafety.

This iplan ihas ieight istrategic iobjectives iwhich iare imentioned ibelow:

  • To iimprove iin ithe iservice iquality iand ithe iurban ilandscape iin iSaudi iCities, ireduction iin iall iforms iof ipollution iand iimprovement iin ithe iliving istandard i& isafety.
  • To iprotect ienvironment ifrom inatural ihazards iand irehabilitate inatural ilandscapes. iIt ihas ia iobjective ito iensure idevelopment i& ifood isecurity iand isustainable iaccess ito ivital iresources iavailable ion iearth.
  • To irise ithe iwomen iempowerment iand iincrease iin ithe iparticipation iof iwomen iin ithe ilabor imarket iand ito iimprove iworking iconditions ifor iexpartriates i& ipeople iwith idiabilities iin ithe ilabor imarket. i
  • To idevelop ie-Government iand ito iimprove iin ithe iefficiency iof iGovernment iEmployees iby ideveloping ithe irequired iservice iquality ito icitizens. iBy ienhancing itransparency iacross igovernment ientities iby iimproving icommunication ichannels iwith icitizens iand ibusinesses.
  • To idevelop iand iimprove ieffectiveness iof ithe iwelfare iand isocial idevelopment isystem ifor iempowering ito icitizens iand ienhancement iin ibusiness ifocus ion itheir iSocial iResponsibilities ialong iwith isupporting inon-profit isector igrowth.
  • To idevelop ithe itourism iand inational iheritage isectors iin iSaudi iby ipromoting ithe iKingdom’s iIslamic, iArab iand iNational iHeritage.
  • To iimprove iin ithe iservice iquality iin ihealthcare isector iand iproviding ieasy iaccess ito ihealth ifacilities ito ipublic iand iaware iprevention isteps iagainst ihealth irisks iin ithe icountry.
  • To iincrease ithe icontribution iof iPrivate iSectors, iForeign iDirect iInvestment, iRetail iSector iand iSmall iand iMedium-size iEnterprises iin ithe ieconomy iby ifacilitating ithem ito ido ibusiness ithat iwill ialso ilead ito iimprove iin ithe idigital ieconomy.

The istrategic iobjectives iof ithe iNational iTransformation iProgram iinclude idiversification iof irevenues, iprivatization iof igovernment iservices iand iassets iand irestructuring iof ithe iprivate isector. iThis iwill ilead ito ienhance ithe ifiscal iposition iand iset iSaudi iArabia ion ithe ipath itowards ireducing idependence ion ioil iand idiversifying ithe ieconomic ibase. iThis iplan iidentifies ithe idevelopment iand iemployment iof ithe inational iworkforce, iincrease iparticipation iin ithe iprivate isector iand iproviding ithe iyounger igeneration iwith ithe inecessary iskills iduring itheir ieducation ithat iwill iimprove ithem ito ibecome ieconomically iproductive isource iof isociety's idevelopment iin ithe ieconomy.


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