The contribution of the private sector in the past years to the GDP has been less than 40%, but according to the Kingdom’s vision 2030, this ratio will increase by 2020 to reach 65% by encouraging domestic and foreign investments in various sectors, with a specific focus on energy, in addition to other sectors such as healthcare, municipal services, housing, finance and more.

In line with this orientation, and the unique initiative to promote localization of the HVAC sector, Al Salem Johnson Controls (YORK), in the presence of representatives from the Jeddah Chamber of Commerce and Industry, the Saudi Electricity Company, and the Technical College in Jeddah, as well as the Ambassador of the Saudi Industry Eng. Jassim Al Shammari, held a symposium entitled "Sustainable Localization". The symposium focused on the localization of manufacturing and the transfer of global best practices and technologies to apply them locally. The company shared its successful experience in transferring knowledge and technology from USA, Italy and other countries to the Kingdom, and uplifting the HVAC local manufacturing industry with international quality, standards, and specifications.

“The role of the private sector in contributing to the achievements of the Saudi vision 2030 and the National Transformation Program 2020. He stressed his interest in implementing the company's strategy, which is in line with the vision to put the Kingdom on the map of the industrialized countries of the future”, said Dr. Mohanad AlShaikh, CEO of Al Salem Johnson Controls.1