Q: Will the government negotiate on behalf of companies and take care of their interests? A: With no doubt. We find all the governments of the world, the last of which was the German Chancellor who visited us with the managers of the most important companies in Germany, and negotiated as if these companies belong to the German government, and she discussed all details for the success of the work of these companies. The Saudi government should play its role for the success of Saudi national companies This will transform 100 Saudi companies from local leading companies to regional and regional leading companies to leading global companies. This will give the experience in how to transform these companies to large companies. After 2020, we will operate programs targeting a wider range of these companies. Q: Does this mean that the state can lend them? A: This may be as may be announced in the program. Q: The private sector now complains about the high operating costs, and believes that this will become harmful in the industry and in trade. What do you think of this as prices rise and the economic situation shrinks? A: I do not think this is accurate, but the programs that will come out will stimulate the private sector very strongly. Sales to the private sector will increase very strongly. If you spend hundreds of billions in a short period of time, this will undoubtedly have a very positive effect on the private sector, for example, we used to rely only on government capital spending. Today, in the coming years we will have a high government capital expenditure. This is one, two: there will be spending from the reserves mentioned in the financial balance program "200 billion riyals" to develop the private sector. This is spending, not capital spending, which we all are used to. Thirdly, and it is important: the spending of the Public Investment Fund. The Public Investment Fund will spend in Saudi Arabia after Aramco's IPO more than SR500 billion in just three years. You can imagine this spending in the military industry, the automotive industry, the entertainment industry or tourism industry or other industries, which will have an impact on the private sector, and will strongly stimulate their sales in all sectors, whether in retail, transportation or service sector. Q: Will you impose taxes on corporate income? A: No, this is not mentioned in the program of financial balance, and we mentioned that there will be no taxes on wealth or any taxes on income. Q: Companies coming to Saudi Arabia, are there facilities for foreign investments? A: True, today, the Ministry of Commerce is working on screening the work of the Investment Authority and our work is different. In the past, we waited for requests to come from the companies and today we pick up the companies we want to work in Saudi Arabia. There is a very long list of companies that the Investment Authority must seize every year and introduce them to the Saudi market. Q: Is there anyone who wants to enter but complains about our procedures? A: True, all of them are simple procedures and greatly contribute to the work of these companies. For example, in the recent visit by the German chancellor, the German companies had a problem that our license in Saudi Arabia only lasts for one year, while their strategies and investments are based on four years. A change in this aspect was given to them so that the license lasts for five years: simple procedures greatly stimulate the work of foreign companies in Saudi Arabia. Q: With regard to the privatization of the health sector and other important sectors? A: Successful countries have private health sectors. The government's role is to guarantee free treatment for Saudi citizens. We provide guarantee an insurance policy for all citizens and he chooses the private hospital he desires. This will provide a better health sector. --More 02:26 LOCAL TIME 23:26 GMT www.spa.gov.sa/w391654