Academics, Bankers Assert Importance of improving Competitiveness For Achieving Economic Diversification in Kingdom

Riyadh, Rabi’II 7, 1437, Jan 17, 2016, SPA — Saudi academics, economists and bankers have stressed that the improvement of the competitiveness of the State’s sectors is a prerequisite for economic diversification, which is still a major renewed goal for the Saudi government to counter the risks of dependence on oil resources.
They pointed out that the Global Competitiveness Forum to be hosted by Riyadh on January 24-26, 2016 has allocated its 9th session this year to discuss the (Sectors Competitiveness); due to its direct impact on the overall economy of the States, expecting that the Forum would focus on the most influential sectors in upgrading competitiveness in general, notably the economic and human development such as health care, transportation, education, information technology and telecommunications, and service sectors.

14:43 LOCAL TIME 11:43 GMT