Regarding the most important achievements that have been accomplished in the past five years since the launch of the vision, HRH Crown Prince pointed out that the achievements are many, but we had a twenty-year-old housing problem that we could not solve. Citizens were waiting to get a housing loan or support for nearly 15 years and the level of the housing ratio did not rise between 40 to 50%. Before the vision, the ratio was 47%. During the reign of the late King Abdullah, SAR 250 billion were allocated in 2011 and in 2015, for this issue, only two billion were disbursed and were not used. The Ministry of Housing has not been able to transfer these sums into projects on the ground, mainly because the state’s position was weak, and ministries were divided. The Minister of Housing cannot tackle this issue without a general policy for the state in coordination with municipalities, the central bank, Finance Ministry, enacting legislation, and the private sector. For example, the 250 billion were returned to the treasury and an annual budget was disbursed. This resulted in increasing the housing ratio from 47% to 60% in four years only, and this gives you an indication of where we are headed. HRH Crown Prince said that economic growth in the non-oil sector was at an unambitious rate for the Kingdom of Saudi Arabia. In the fourth quarter of 2019, the non-oil economy grew by 4.5%, even if the pandemic was not in 2020 and continued until it reached 5% in the non-oil sector. We will return in this year and next year to reach the highest levels in the future. Unemployment also during the vision was 14% in the first quarter of 2020, we reached 11%. With the pandemic, unemployment rate increased, and we were the sixth best country in the G20 in terms of unemployment rates, and we saw in the announcement that in the fourth quarter of 2020, we are back to 12% and we will break the 11% barrier this year, down to 7%. HRH Crown Prince confirmed that non-oil revenues increased from 166 billion to 350 billion Saudi riyals. Commercial register, for example, used to take days to be issue through six government agencies. Now with e-government it can be issued in half an hour. Foreign investments have doubled three times or more than five billion riyals annually to 17 billion riyals. Saudi stock market has been stuck from the last crisis between 4,000 to 7,000 points, and now it has exceeded 10,000 points. This indicates that the private sector has started to grow, so many numbers have been achieved in the past four years. On a question about the vision being one of the largest transformative projects in the world, and whether we are moving faster than we should be, HRH Crown Prince explained that there is no such thing as "faster than we should", if you have an opportunity that is achievable and I do not achieve it only under the pretext of speed, this means that I am laggard and I do not want to I work. so, we will work on every opportunity, whether they are ten opportunities or a hundred opportunities or a thousand opportunities or ten thousand opportunities and will develop our human capabilities and develop the government's capabilities to achieve these opportunities as quickly as possible, and when we achieve all of them, we will open new horizons. --More 20:26 LOCAL TIME 17:26 GMT 0027 www.spa.gov.sa/w1550470
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