Saudi reform tweaks won't affect key economic policies -sources

Saudi reform tweaks won't affect key economic policies -sources:

"Saudi Arabia is revising parts of an economic development plan released a year ago but key policies, including fiscal reforms and a massive privatisation programme, won’t be affected by the review, sources familiar with the matter told Reuters.

In June 2016, the government published a National Transformation Programme (NTP) that included hundreds of steps to modernise the economy and society, from speeding up handling of court cases to improving pilgrims’ satisfaction, developing e-commerce rules and encouraging Saudis to play more sports.

It is looking increasingly unlikely that some of the targets can be hit by their 2020 deadline, however, partly because they were complex and ambitious, and partly because inefficient ministries have had trouble implementing steps."



'via Blog this'