Saudi Mulls Public-Private Partnerships to Cut Costs

The video discusses the alignment of Saudi Arabia's diversification goals with GE's interests, focusing on moving beyond the oil economy into high-tech manufacturing. It highlights the importance of technology transfer and Vision 2030, aiming to equip Saudis with technical skills. The role of public-private partnerships is emphasized as a model for growth, with GE and other companies investing in services and technology. The video concludes with a look at future prospects and the need for specific skills and technologies in Saudi Arabia.

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

• To reduce foreign investments

• To focus solely on petrochemicals

• To increase oil production

• To create more jobs and technical skills for Saudis

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

• Eliminating foreign partnerships

• Developing local supply chains

• Focusing only on oil exports

• Reducing the number of local industries

Which company is highlighted as a prime example of professionalism in Saudi Arabia?

• Saudi Aramco

• SABIC

• Petro Rabigh

• General Electric

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

• They eliminate the need for foreign expertise

• They have never been successful in the West

• They bring in expertise and skills

• They focus only on short-term gains

Why is GE interested in expanding into services and technology in Saudi Arabia?

• To avoid partnerships with other companies

• To reduce their global presence

• To maximize operations and profits

• To focus solely on selling refrigerators