Even as the government employees returned to work this week after the holiday season, important decisions were taken for the welfare of citizens. For one, the Health Ministry announced its move to privatize health services by turning its hospitals and healthcare centers into corporations, where quality and productivity will be key factors. , Private insurance companies will be the cornerstone in this privatization drive, while government subsidies to the health sector will be rationalized. The most important objectives of the Saudi Vision are disinvestment of governmental assets and privatization of specific government services. The private sector plays an important role in the health sector, including managing and operating large hospitals. Widening their scope will enhance competitiveness, boost quality, and reduce costs. The telecommunications sector is another example in this regard. The Council of Ministers has just approved an industrial city to be named the "Industrial Energy City" to be built over an area of 50 square kilometers in the Eastern Province. The new City, to be constructed on land reserved by Saudi Aramco, is consistent with the Kingdom's plan to tap non-oil energy sources, including solar energy, which is still below par in terms investments. The Cabinet resolution entrusting the private sector with the development and operation of the new City is significant as it will provide national companies with several new opportunities in energy-related industries. The private sector constitutes the backbone of investment in major industrialized countries. It supports exports and enhances competitiveness across countries. China, for example, has reached its stature as a giant economy by promoting its medium and small industries. The City brings new hope, and reflects the importance accorded by the Kingdom to the private sector.
