He also highlighted the improvements that have been made in the way services and government entities communicate with each other and coordinate their activities.
Turning to the country’s plans to boost local content, Al Fallaj told OBG that encouraging and empowering the younger generation to focus on innovation first and foremost was vital for Saudi Arabia’s longer-term development.
“Vision 2030 leads us to a very simple conclusion - we need to be innovative,” he said. “We need capabilities, we need resources, we need education.”
He added that ongoing efforts to invest in local education were already beginning to pay off. “In 2018 there were more newly established businesses than ever in Saudi Arabia,” he noted. “That gives you an indication that they [students] are coming back, not only to find a job, but to actually create jobs for others.”
Marc-André de Blois, OBG’s Director of PR and Video Content, said the interview with Al Fallaj indicated that Saudi Arabia’s bid to diversify and modernise its economy, in part through the adoption of digital technologies, was delivering results.
“The plans laid out in Vision 2030 and mentioned by Al Fallaj for boosting the number of smaller-sized businesses and bringing more Saudis into the workforce are already making headway, with record spending earmarked for 2019 set to ensure momentum is maintained,” he said. “I’m thrilled that we’ve been able to provide viewers with this fascinating insight into the major changes taking place within the Saudi economy from a first-hand viewpoint.”
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About OBG’s Global Platform
Oxford Business Group (OBG) produces cutting edge video interviews with top-level decision-makers giving key analysis and the latest updates from across all sectors of the global business community.
Global Platform videos are available on OBG’s website and via major business news outlets, giving it access to subscribers of Dow Jones Factiva, the Bloomberg Professional Services subscribers, Refinitiv’s (previously Thomson Reuters) Eikon subscribers, and more. Global platform videos also reach over 172,500 direct OBG subscribers, verified by Deloitte.
About Oxford Business Group
Oxford Business Group (OBG) is a global research and consultancy company with a presence in over 30 countries, from the Middle East, Africa and Asia to the Americas. A distinctive and respected provider of on-the-ground intelligence on over 30 of the world’s fastest growing markets for sound investment opportunities and business decisions.
Through its range of products - Economic News and Views, OBG Business Barometer - CEO Survey, OBG Events and Conferences, Global Platform - exclusive video interviews, The Report publications - and its Consultancy division, OBG offers comprehensive and accurate analysis of macroeconomic and sectoral developments.
OBG provides business intelligence to its subscribers through multiple platforms, including its direct 6 million verified subscribers, Dow Jones Factiva subscribers, the Bloomberg Professional Services subscribers, Refinitiv’s (previously Thomson Reuters) Eikon subscribers, and more.
For more information, please contact:
Marc-André de Blois
Director of PR and Video Content, Oxford Business Group
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© Press Release 2019