Saudi Arabia’s Vision 2030 sets out ambitions to transform the economy primarily through dramatic growth of the private sector In this context, the LCPSD Unit was established by the Council of Economic and Development Affairs (CEDA) to lead the economic transformation by growing the non-hydrocarbon private sector, promoting local content and improving the balance of payments
Ideate new initiatives to drive private sector growth, promote local content and improve the balance of payments.
Monitor and support the implementation of initiatives, regulations and policies.
Assess the impact of new regulations and policies on private sector growth.
Provide viewpoints on specific topics related to the private sector growth.
Establish a continuous communication process with the private sector to get direct feedback.
Provide economic expertise specific to local content and private sector matters to CEDA and other entities.
Coordinate all activities related to private sector growth and local content matters.