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00:00 Thank you Mr. Atallah and thank you to the Arab CNBC.
00:03 No doubt the Ministry of Housing and Housing Affairs is one of the most influential in non-oil revenues in the Kingdom of Saudi Arabia.
00:10 We have achieved, thanks to God, rapid growth in the past three years.
00:16 We aim, God willing, for financial sustainability by 2030.
00:21 We focus a lot on the enhancement of investments and the enhancement of our revenues from investments in particular.
00:28 We also focus on the specialization of municipal services and we aim to specialize 70% of services by 2030.
00:34 We also do not forget the efficiency of spending and therefore we focus a lot on reducing capital and operational spending.
00:42 During 2023, we worked on many initiatives in specialization and investment to attract investors
00:48 and expand the participation of the private sector in municipal investments.
00:55 The private sector is a large and wide sector.
00:59 I will mention to you some of the opportunities for specializing public parking spaces for cars.
01:05 We started the first phase, thanks to God, during 2023 in five cities, Riyadh, Jeddah, Mecca, Taif and Abha.
01:13 In 37 parking spaces, we will provide more than 70,000 paid parking spaces.
01:21 We also developed in the specialization of parks very innovative models for investors with a legal framework that is flexible and attractive to them.
01:32 We aim, of course, to continue the initiatives of the 2030 vision, which is blessed,
01:40 by expanding the green area for the individual from 3.4 square meters to 18 square meters.
01:47 We will benefit from this initiative in the presentation of municipal assets as investments in parks.
01:53 In 2023 alone, we have completed 30 contracts with the private sector for investments in parks worth more than 450 million Saudi Riyals.
02:02 We also work on the specialization of public services, which is a very important file in the ministry,
02:06 because it improves the services provided to the residents of cities and at the same time raises the percentage of participation.
02:13 We aim to raise the percentage of participation from 40% to 80% in the next five years.
02:19 We have completed contracts worth more than 470 million Saudi Riyals so far in the specialization of public services.
02:25 We have provided, thanks to God, 44% of our costs in this field.
02:30 You also talked about a very important aspect, you talked about parks and other aspects,
02:35 but the issue of road specialization is one of the most important aspects,
02:41 and there were news about it in the past.
02:44 What will be in this file and is there a plan in this regard?
02:50 Yes, God willing, in 2024, we will start with the first road specialization, God willing,
02:55 and we will have the Boulevard of the King Fahd Valley in Dammam,
03:00 and we will have the long list of other opportunities.
03:05 We assure investors that there are very promising opportunities in the local sector,
03:10 and it will be easy to access them through the opportunities platform established by the ministry,
03:15 and now, thanks to God, it has become a national platform to offer all investment opportunities.
03:19 Will investors be offered opportunities in the field of road specialization,
03:25 or are they only interested in some of the roads that you mentioned?
03:30 On the other hand, have you studied the prices or are they under study now?
03:38 How can we calculate them?
03:41 For example, do some countries need a specific ticket or calculate it on the car's dashboard?
03:48 Of course, I will start with the studies.
03:50 We are now in the study phase of this type of specialization.
03:53 We have reached a progressive phase, and we always use standard comparisons in our studies,
03:58 and therefore, God willing, the offer will be very suitable for investment.
04:04 You mentioned how the road specialization will be.
04:07 Of course, we are also aiming for a name for some roads,
04:11 and therefore, this option has been given to the investor,
04:14 and I think this will be very attractive to many investors, God willing.