KSA in line for multibillion-dollar infrastructure dividend:
Saudi Arabia stands to collect an “infrastructure dividend” worth billions as it pushes ahead with its diversification drive, powered by a localization program involving partnerships between KSA enterprises and overseas firms to ensure wealth cascades down to the wider population, say experts.
Dr. Raed Kombargi, an Abu Dhabi-based partner with consultancy Strategy&, told Arab News that KSA should be able to provide goods and services for its local market as well as build globally competitive export industries. “The dividend is certainly there and I am confident they can do it,” he said.
Kombargi said the purpose of localization was, on one level, to stimulate the economy by creating a lot of jobs. But it was also about having an impact on GDP.
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