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Ministry of Finance's Statement on the State's General Budget 20 Riyadh




(MENAFN - Saudi Press Agency)
5-Education Sector:
SAR 192 billion is allocated to the public and higher education and workforce training. This budget includes allocations of SAR 5 billion for a number of initiatives of Saudi Vision 2030 Vision Realization Programs and projects.
The sector's budget embraces implementing new projects and expanding existing ones, including educational facilities and schools for all educational stages for boys and girls across different regions of the Kingdom of Saudi Arabia; labs; and infrastructure of universities and training institutes and colleges. The budget also covers the renovation of existing facilities of schools, universities, and training institutes and colleges. The total cost of initiating new projects and expanding existing ones is SAR 4 billion, most of which are for implementing initiatives. Spending on projects that are currently being implemented across all regions of the Kingdom of Saudi Arabia will continue according to the stages of implementation as follows:
1-The implementation of the King Abdullah Bin Abdulaziz Public Education Development Project (Tatweer) will be continued by Tatweer Education Holding, with an estimated cost of SAR 9 billion, of which SAR 3.1 billion has been paid.
2-During the current fiscal year, 352 new schools have been handed over across the Kingdom of Saudi Arabia. 431 new schools will be handed over in the fiscal year 2018. The number of schools that are to be handed over during the period 2016-2018 will be 1,107 or 42% of the total planned number for the five years (2016-2020), which is estimated at 2,621 schools. 1,717 educational facilities and schools are currently being established.
3-Work is to be continued to complete the renovation of girls' colleges in a number of universities. The estimated cost of renovation will amount to SAR 1.4 billion during 2016-2018 or 31% of the total number set for the five years (2016-2020), which is estimated at SAR 5 billion.
Likewise, the Custodian of the Two Holy Mosques' Overseas Scholarship Program will continue. The total number of students sent abroad to study under the supervision of the Ministry of Education has exceeded 173,000 students and their escorts. The annual expenditures of this program will amount to SAR 14.7 billion, excluding scholarships for government agencies' employees.
6-Security and Regional Administration:
SAR 101 billion is allocated for Security and Regional Administration. The sector's budget includes allocations for new projects and the expansion of ongoing ones, with a total cost of SAR 12.6 billion. The funding aims to provide security requirements incorporating facilities, supplies, equipment, weapons, and ammunition. Spending on projects currently being implemented will continue, most notably of which is the Custodian of the Two Holy Mosques Project for the Development of Security Headquarters, which has five stages and includes establishing 1,296 security sites during 2016-2020. The number of security sites that are to be handed over during 2016-2018 will be 551, or 43% of the total planned number for the five years (2016-2020). Further, projects in this sector cover the establishment of 14 residential complexes consisting of 10,000 residential units in five regions. The number of complexes that are to be handed over during 2016-2018 will be two or 14% of the total planned number for the five years (2016-2020). The two complexes will include 600 residential units or 6% of the total planned units for the five years (2016-2020). The construction of two medical cities, with a capacity of 2,500 beds, is underway and will not be completed at the end of the fiscal year 2018.
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16:13 LOCAL TIME 13:13 GMT

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Ministry of Finance's Statement on the State's General Budget 20 Riyadh

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