Consultancy Middle East’s Post

Well said Ghassan Chaarani

Well done

Well said!👌

Great to see you both leading the way on this topic Ghassan Chaarani and Omar AL HALABI - hope to see you both soon

Both are partners at KPMG Saudi Arabia.

The assessment didn't touch base on the main bottlenecks that hindered KSA doing the right job in industrial development ...namely the developmental approach and total negligence of manufacturing The mentioned framework can fit many countries in the world and as such nothing really can change the status quo of KSA doing exactly like most countries KSA is a rich country that lacks the bold move in the right direction as current partnerships' philosophy will only empower its partners and definitely leaves KSA behind.

Insightful article, Ghassan and Omar 👍

As the theme of the assessment is for a strategically sustainable industrial future, the governance over the implementation is critical. As stated, constant monitoring of the progress (speed) and direction to ensure the goals and objectives are being met is essential. The realization of course corrections also need to be factored in so that major alterations are not required if identified too late in the process. These can result in costly negative impacts in term of both finances and time lines. Alignment of the private / public intervention and interaction is also paramount for success. Done and managed properly this can be an enormous step in the right direction for Saudi Arabia's industrial sector. A means to diversify revenue from oil and gas and to provide increased GDP stability.

It's applies to all countries. Deny?

Excellent reasoning that I fully support. Especially the idea of continuously monitoring the policies‘ effectiveness is important given the current situation.