President Jacob Zuma laid out his Presidential Nine-Point Plan in a bid to attract investment and business from Saudi Arabia.
A large part of his address to the South Africa-Saudi Arabian Business Seminar at the weekend was dedicated the plan – “to boost economic growth and create much-needed jobs” – that Zuma spoke of in his 2015 and 2016 State of the Nation Addresses.
“Government has further developed a Presidential Nine-Point Plan with a view to advance the objectives contained in the National Development Plan (NDP) Vision 2030 at a practical level‚” Zuma said.
“In order to realise our five key priorities‚ the South African government has adopted the NDP Vision 2030‚ which has been translated into a five-year plan with the objective of dealing with the triple challenges of poverty‚ unemployment and inequality.”
The priorities are: “creation of decent work and sustainable livelihood; fighting crime and corruption; education; health; and rural development‚ food security and land reform”.
Zuma said these plans “also correspond with Saudi Arabia’s National Transformation Plans‚ which provide many opportunities for bilateral cooperation”.
“While our political relations with Saudi Arabia are strong‚ our economic and trade ties should be reviewed and revitalised‚” he said.
“The next important step is to enhance bilateral trade‚ investment flows‚ the identification of targeted areas of collaboration and to address impediments in this respect as well as the implementation of a mutually agreed upon framework to enhance economic‚ trade and investment cooperation.”
He identified 14 sectors “with high potential to expand SA – Saudi Arabia trade relations”:
Petrochemical gas exploration and alternative energy sectors; agricultural products‚ agro-processed goods and food processing equipment; mining management and technologies‚ mining equipment and minerals mapping and beneficiation; automotive industry and manufacturing; chemicals‚ medical and pharmaceuticals; clothing‚ textiles and leather; advanced manufacturing equipment; forestry‚ pulp and paper‚ and furniture; infrastructure development‚ construction‚ engineering and transport; financial‚ banking and insurance sectors; tourism and hospitality infrastructure‚ management and training; retail and franchising; Operation Phakisa ocean economy initiatives – particularly aquaculture‚ maritime oil and gas exploration and shipbuilding; and defence procurement and partnerships.
“Opportunities for mutual partnerships between our two countries are almost limitless‚” said Zuma. — Tiso Black Star Group-Digital
Zuma outlines his plan in effort to lure Saudi investors
A large part of his address to the South Africa-Saudi Arabian Business Seminar at the weekend was dedicated the plan – “to boost economic growth and create much-needed jobs” – that Zuma spoke of in his 2015 and 2016 State of the Nation Addresses.
“Government has further developed a Presidential Nine-Point Plan with a view to advance the objectives contained in the National Development Plan (NDP) Vision 2030 at a practical level‚” Zuma said.
“In order to realise our five key priorities‚ the South African government has adopted the NDP Vision 2030‚ which has been translated into a five-year plan with the objective of dealing with the triple challenges of poverty‚ unemployment and inequality.”
The priorities are: “creation of decent work and sustainable livelihood; fighting crime and corruption; education; health; and rural development‚ food security and land reform”.
Zuma said these plans “also correspond with Saudi Arabia’s National Transformation Plans‚ which provide many opportunities for bilateral cooperation”.
“While our political relations with Saudi Arabia are strong‚ our economic and trade ties should be reviewed and revitalised‚” he said.
“The next important step is to enhance bilateral trade‚ investment flows‚ the identification of targeted areas of collaboration and to address impediments in this respect as well as the implementation of a mutually agreed upon framework to enhance economic‚ trade and investment cooperation.”
He identified 14 sectors “with high potential to expand SA – Saudi Arabia trade relations”:
Petrochemical gas exploration and alternative energy sectors; agricultural products‚ agro-processed goods and food processing equipment; mining management and technologies‚ mining equipment and minerals mapping and beneficiation; automotive industry and manufacturing; chemicals‚ medical and pharmaceuticals; clothing‚ textiles and leather; advanced manufacturing equipment; forestry‚ pulp and paper‚ and furniture; infrastructure development‚ construction‚ engineering and transport; financial‚ banking and insurance sectors; tourism and hospitality infrastructure‚ management and training; retail and franchising; Operation Phakisa ocean economy initiatives – particularly aquaculture‚ maritime oil and gas exploration and shipbuilding; and defence procurement and partnerships.
“Opportunities for mutual partnerships between our two countries are almost limitless‚” said Zuma. — Tiso Black Star Group-Digital
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