Riyadh is expected to focus on meeting key performance indicators for 10 of the 16 ministries outlined in its National Transformation Plan (NTP).
According to sources advising the government, the NTP will be streamlined to focus on meeting targets set for 10 of the 16 ministries included in the plan. It is not yet confirmed which of the 10 ministries will be focused on. The 16 ministries outlined in the plan are:
- Ministry of Justice
- Ministry of Finance
- Ministry of Economy and Planning
- Ministry of Health
- Ministry of Communications and Information Technology
- Ministry of Commerce and Investment
- Ministry of Municipal and Rural Affairs
- Ministry of Civil Service
- Ministry of Culture and Information
- Ministry of Environment, Water, and Agriculture
- Ministry of Energy, Industry, and Mineral Resources
- Ministry of Labour and Social Development
- Ministry of Housing
- Ministry of Education
- Ministry of Transportation
- Ministry of Haj and Umrah
The broad targets outlined in the NTP include strengthening partnerships with the private sector, creating more than 450,000 non-governmental jobs by 2020 and maximising local content and reducing dependence on imports.
The decision to focus the efforts of the NTP appears to further confirm reports of concerns from within the kingdom’s business and planning circles that the goals of the NTP were too ambitious to achieve by 2020.
It was reported in early September that Riyadh is redrafting the NTP with less ambitious targets, and deadlines have been moved to 2025 and 2030.
Some ministries are already making strong progress with their transformation plans. This year there have been public-private partnership (PPP) deals signed for airports, and other PPP schemes for housing and healthcare have also progressed. Most recently advisors submitted offers for PPP rail deals.
There have also been reports in recent days that the initial public offering (IPO) of national oil company Saudi Aramco will replaced by a private share sale. Aramco has dismissed these reports and says it remains committed to a 2018 IPO.