Saudi Mulls Public-Private Partnerships to Cut Costs

The video discusses Saudi Arabia's efforts to diversify its economy beyond oil, focusing on high-tech manufacturing and local supply chains as part of Vision 2030. It highlights the alignment of Saudi goals with GE's interests in expanding into power technology and services. The importance of technology transfer and public-private partnerships is emphasized, with GE playing a key role. The video also covers GE's strategic shift from selling products to providing services, aiming for long-term relationships and maximizing operational efficiency.

What is a key reason for Saudi Arabia's interest in technology transfer?

• To focus solely on petrochemicals

• To create more jobs for Saudis

• To increase oil production

• To reduce foreign investments

What is a major goal of Saudi Arabia's Vision 2030?

• To develop local supply chains

• To focus on traditional industries

• To become a leading oil exporter

• To reduce technological advancements

Which company is highlighted as a key player in Saudi Arabia's industrial expansion?

• Shell

• Saudi Aramco

• BP

• ExxonMobil

What is a benefit of the public-private partnership model mentioned in the video?

• It has never been successful in the West

• It brings in expertise and skills

• It reduces the need for foreign expertise

• It focuses on short-term gains

What shift is GE making in its business strategy?

• Focusing solely on selling equipment

• Expanding into services and technology

• Reducing its global presence

• Investing only in oil and gas