Kingdom’s Council for Economic Development to spend $35bn on Saudi lifestyles by 2020

Arab News
May 4, 2018

Jeddah, May 4: The Council of Economic and Development Affairs (CEDA) has launched the Quality of Life Program 2020, one of the Vision Realization Programs 2030 approved by the Council of Ministers.

The implementation plan for the program reflects the vision of the government of King Salman and Crown Prince Mohammed bin Salman to prepare the environment to improve individuals and families’ lifestyle.

It will also enhance participation in cultural, entertainment, sports and other activities that contribute to the quality of life and to job creation, as well as encourage investment opportunities and diversification of economic activities, while enhancing the status of Saudi cities in the ranking of the best cities in the world.

Total expenditure will be SR130 billion ($34.6 billion), of which SR74.5 billion is total direct investment in the program.

Government capital expenditure is more than SR50 billion until 2020, and investments available to the private sector are around SR23.7 billion.

This does not include all forms of capital expenditure in major projects such as the Qiddiya project, the Red Sea project, Al-Dariyah Gate project, Historical Jeddah project, and the Royal Commission for Al-Ula, in addition to all related projects of the private sector, with total investments exceeding SR86 billion.

The program aims to achieve non-oil GDP growth in the related sectors 0f 20 percent a year until 2020, and the contribution of local content by 67 percent until 2020.

The program indicators within macroeconomic measures include creating more than 346,000 jobs and generating non-oil revenues of SR1.9 billion.

The overarching goal is to have at least three Saudi cities included in the list of the top 100 cities in the world to live in by 2030. While the overall aspiration refers to three cities in the Kingdom, the program aims for the improvement of the lifestyle of citizens and residents throughout Saudi Arabia.

Quality of Life 2020 aspires to provide economic and investment opportunities for sustainable growth and development. Creative industries have proved to be key drivers of economic growth around the world.

 A number of funding models will be developed to stimulate the private sector to invest in both capital expenditures and operating expenses.

The program uses educational institutions and sports clubs to promote sports activities in the community by diversifying activities and facilitating access to sports services. This is in addition to upgrading the infrastructure available for sporting activities.

The program aims to provide 492 suitable places for sport as well as increasing the use of sports facilities from 8 percent to 55 percent. It also aims to contribute to the distinction of Saudi sport globally, by preparing a number of elite athletes in the Kingdom and improving their performance to participate effectively in the Olympic Games.

The program promotes the athletic participation of girls at school. It aims to have 325,000 girls taking part in physical education classes, training 7,500 teachers and providing 1,500 schools with gyms.

The program also promotes the Kingdom’s contribution to arts and culture through the elevation and development of cultural and artistic fields (visual arts, performing arts, filmmaking, poetry, design and national heritage) by focusing on refining the talents of artists and amateurs, increasing and improving the quality of domestic production and enhancing the Kingdom’s international presence in the arts and culture.

The program also aims to establish an island for arts and culture in Jeddah, including 45 cinemas, 16 theaters and 42 libraries, and the Royal Arts Complex in Riyadh by 2020 to promote the arts and culture sector in Kingdom.

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News Network
April 24,2020

Apr 24: Dubai's Supreme Committee of Crisis and Disaster Management has announced partial easing of restrictions on public movement in the emirate starting from Friday amid the COVID-19 outbreak.

The announcement is in line with the decisions of the Ministry of Health and Prevention and the National Emergency Crisis and Disaster Management Authority (NCEMA), a statement released late on Thursday said.

The move, which coincides with the start of the fasting month of Ramzan, will allow increased freedom of movement while ensuring the continuation of strict precautionary and preventive measures, the statement said.

The Committee has also outlined a new set of guidelines on movement and a list of exempted commercial activities and vital sectors, it added.

The decision to reduce restrictions on movement in Dubai follows a careful assessment of the current situation and analysis of reports from various authorities working to combat the pandemic, the committee said.

Underlining the emirate’s success in countering the spread of the virus, it said that stringent measures undertaken over the last three weeks have significantly helped to mitigate the crisis.

It further stressed that despite the partial easing of restrictions on movement, people will not be allowed to hold public or private gatherings and those who breach the guidelines will face legal action.

The need to ensure the safety and wellbeing of the community cannot be underestimated, the Committee stressed.

"Despite the difficult circumstances the world is facing today, the UAE has set an example for dealing with the crisis. This was also made possible through the commitment of all individuals and institutions both in the private and public sector,” the committee said in the statement.

“All measures undertaken by the country have been driven by the objective of safeguarding everyone’s safety and wellbeing,” it added.

Public transport (bus and metro), restaurants and cafes (except for buffet and shisha), retail sector (malls, high-street outlets and souqs), wholesale sector and maintenance shops will be allowed to operate under certain conditions, it said.

Shopping malls, markets and commercial outlets will be open daily from 12 pm to 10 pm. Restaurants and shops are allowed to operate at a maximum of 30 per cent capacity at shopping malls, it said.

Malls and retail outlets are not allowed to hold entertainment events to avoid congestion and crowding, it added.

Restaurants and cafés too have been allowed to operate but are not permitted to serve shisha and buffet. Dine-in customers are allowed but should occupy only a maximum of 30 per cent of the outlet’s capacity and only single-use cutlery can be used at restaurants and cafes, it said.

However, family entertainment facilities, cinemas, changing rooms and prayer rooms will not be allowed to operate. Hotels will be allowed to operate without opening pools, gyms, sauna and massage parlours.

A maximum of 30 per cent of the workforce of all organisations will be allowed to work from their offices while the rest will be required to work from home.

As part of the first phase of easing of restrictions, the stringent curbs on public movement will now be limited to the period between 10 pm to 6 am. During this period, the public will be allowed to leave their homes only for medical emergencies.

Individuals will be able to leave their homes between 6 am and 10 pm without a permit.

The public will be required to strictly follow precautionary measures which include maintaining physical distance from others as per guidelines and wearing a face mask. Those who do not wear a mask will be subject to a fine of AED 1,000.

Members of the public have also been allowed to exercise outside their homes provided they do not leave their area of residence. They can undertake activities such as walking, running or cycling for 1-2 hours each time. Only a maximum of three people can exercise at the same time.

Permission has also been granted to allow visit first and second degree relatives as long as gatherings are restricted to not more than five people. However, visiting high-risk individuals (individuals above 60 years and those with underlying medical conditions) should be avoided.

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News Network
May 5,2020

Abu Dhabi, May 5: The overall real GDP (gross domestic product) of the United Arab Emirates is estimated to have grown by 1.7 percent in 2019, the country’s central bank said in a statement on Monday carried by WAM.

"The UAE hydrocarbon sector is estimated to have exhibited a growth of 3.4 percent in 2019. However, non-oil activities advanced at a softer pace growing by 1.0 percent. As a result, overall real GDP is estimated by FCSA (Federal Competitiveness and Statistics Authority) to have grown by 1.7 percent in 2019," said the financial regulator in its Annual Report 2019.

"The spread of COVID-19 is expected to impact trade and supply chain movements, coupled with travel restrictions which paves way for high volatility in capital markets and commodity prices. While the outbreak is expected to negatively affect the global and domestic economies, it is still early to gauge the scale of the economic fallout," the report added.

The report noted that the higher hydrocarbon output, as well as growth in non-hydrocarbon economic activity, supported the pace of the country's overall economic growth in 2019.

"Meanwhile, the fading effect of VAT, the appreciating Dirham, lower energy prices and decline in rents pushed inflation in negative territory. However, the employment rate registered a steady rebound. Looking ahead, the economic outlook for 2020 remains uncertain owing to the COVID-19 outbreak," the report elaborated.

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News Network
May 21,2020

May 21: Mosques across the UAE will remain closed during Eid Al Fitr, a top official has said. The Takbeer, which is chanted before the special prayers performed on Eid, will be broadcast from mosques 10 minutes before the prayer time.

During the virtual press briefing held on Wednesday, Dr Farida Al Hosani, official spokesperson of the UAE health sector, reminded citizens and expats about the importance of adhering to the safety measures as laid out by the authorities.

Contact tracing process

"Before we began to use Al Hosn app to trace the contacts of Covid-19 cases, the tracking process used to take more than 48 hours. It also depended on the memory and honesty of people. The app is an AI-enabled methodological way to trace individuals who came in contact with Covid-19 cases so that they are isolated. It has proven to be an efficient way to stop the spread of the coronavirus," Dr Farida said.

Install the app

She called on all the public to install the app on their smart phones. "The success of the tracing system via Al Hosn app relies on its use. We hope 50 to 70 per cent of people in the UAE instal and use the app in an effective way."

No sermon

Sheikh Abdul Rahman Al Shamsi, Spokesperson for the General Authority of Islamic Affairs and Endowments, said there will be no sermon for the Eid prayers.

He called on everyone to welcome Eid with joy and positivity and to stay connected with their loved ones via social media.

Mass testing

Dr Amna Al Dahhak Al Shamsi, the official spokesperson of the UAE Government, said mass testing continues across the country.

She stressed on the importance of adhering to precautionary measures and cooperating with the authorities.

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