This document discusses Saudi Arabia's Vision 2030 plan to diversify its economy and attract top local talent. Key points include:
1. Saudi Arabia aims to transition away from oil dependence by developing industries like mining, petrochemicals, real estate, tourism, telecom, and privatizing sectors like healthcare. Reforms will improve the business environment.
2. Elixir Management Consultancy is transforming to help achieve Vision 2030 goals by attracting and retaining top local talent. Its values of leadership, collaboration and passion will be emphasized.
3. Developing Saudi "Khalifas" or leaders is discussed as important to drive change. Advice includes helping individuals discover their purpose and turn ideas
4 Stages of a Content Marketer - Where do you fit in?
Attracting and Retaining Top Saudi Talent in the Kingdom
1. Attracting & Retaining Top Local
Talent
Eng. Hani Ibrahim Khoja
Co-Founder & MP
Elixir Management Consultancy
LinkedIn Company Page
2. We are going through major
transformations with Vision 2030;
• As a nation
• As organizations
• As individuals
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3. Saudi Arabia is going through
major transformations
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4. Mining & Petrochemicals will be seen as important
future contributors to non-oil exports.
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Mining reserves are large &
low cost to extract.
Phosphate, bauxite, gold,
copper.
High potential to expand from
bulk chemicals to value
added, downstream
applications.
5. Residential real estate market will expand.
On Jan.2016, announcement was made that 1.5 million homes will be built over next 7 years.
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This will be achieved by;
Making more land available at
affordable prices via outstanding
execution of new land tax.
Ensuring credit to developers via a)
bank loans & b) off-plan sales.
Expanding mortgage penetration
beyond 4-6% of GDP via establishment
of state-owned mortgage provider(s).
6. Hospitality & Tourism will be a key engine of non-
oil revenue. Umrah is critical.
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7. Telecom sector will generate significant revenue
and jobs
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This will be achieved by;
Possible hiking up of fee rates
(currently at 7-15% of net revenues).
Encouraging enterprise growth.
8. Private sector will play a larger role.
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Aramco IPO at parent &/or downstream
assets will be delivered.
Saudia Airlines, Saudi Cargo, airports,
seaports, will be privatized.
Healthcare & Education services will be
partially privatized.
9. Banks will be asked to provide new investment
capital and take on more risk.
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Banks will support SMEs & residential
mortgages.
Banks will launch new models of financing;
bonds, asset securitization.
Local banks must increase competitiveness vs
new global players who will enter the market.
10. There will be reforms to improve ease of doing
business. 2016 World Bank Ease of Doing Business report: KSA 82nd out of 189
countries.
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Problem areas:
Customs clearance / trading across borders.
Accessing credit.
Protection of minority investors.
133 recommendations on improving competitiveness were recently
approved by CEDA. To be announced in next 6 months.
11. A focus will be made on job creation to
accommodate high growth of the labor market.
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Average monthly pay in public sector is
60%+ higher than private.
Public sector working conditions are easier.
Vacations are longer.
How can we achieve; “Privatization with
Nationalization”.
12. To balance budget within 5 years, $100 billion
savings must be generated
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Subsidy reform can generate $ 30 billion.
CAPEX savings. Jeddah airport expansion
($8bn), Riyadh metro ($23bn)!
OPEX savings. Public payroll reductions via
privatization. Allowances reduction.
Procurement budgets.
VAT can generate $10 billion.
Green card & Sin Tax are other ideas.
14. Sharing our values with top talents
Elixir launched a
LinkedIn campaign to
increase awareness
among top talents
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15. Talents were highly engaged and interested
الشغف نشارككم
بلدنا تطوير في
أرغب
إليكم باإلنظمام
قيمكم نشارككم
More than 99K IMP in one week!
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16. Our vision, mission, & goal are
dependent on local top talent
Vision
Mission
Elixir will be the most trusted management consultancy firm to
overcome complex challenges confronting the GCC.
Elixir will enable top talent to develop a deep understanding of the
local customer and market, translate into sustainable strategies,
and then implement with excellence.
Our goal
Our goal is to be one of the 3 most trusted management
consultancy companies in the GCC by 2020.
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17. Elixir “secret sauce” in attracting/retaining
top local talent
Elixir Corporate Culture
Leadership, Collaboration, Passion to Succeed, Innovation, Integrity
Purpose
Personal
Growth
Ownership
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18. At the peak of Mount Kilimanjaro, we had an epiphany!
I have the ability to achieve my dreams…
1 step at a time.Top Confidential
22. Help them answer 5 questions…
1. Who are you? Who do you want to be?
2. What do you want to be good at in 10 years?
3. Who do you want to help & how?
4. How to turn ideas into reality?
5. What is stopping you from jumping?
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23. Q1: Who are you? Who do you want to be?
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24. Help them decide what they want to be good at in 5-10 years?
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25. Q3: Who do you want to help & how?
Encourage them to write their “After-Life CV”
Help my family succeed and be happy.
Enhance the “Saudi Arabia” brand globally.
Reduce unemployment.
Support entrepreneurship.
Help local companies succeed regionally and globally.
Upgrade education system & graduate a highly valued labor force.
Upgrade wellbeing of residents.
Make Hajj & Umrah as spiritually memorable as possible.
Help underprivileged children across the world gain education.
Help world know the true Prophet Mohammed peace be upon him.
Help at least 1 person, plant, &/or animal. EVERYDAY.
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26. Q4: What needs to be done to turn ideas into reality?
Help them announce their intentions to the world.
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27. Q4: What needs to be done to turn ideas into reality?
Help them assemble their Dream Team & Co-develop the plan
Dream Team
Partners
Tech
Support
Moral
Support
Productive
Critics
Cynics
Skeptics
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28. Q5: What is stopping you from jumping?
Help them get started & gain momentum
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32. “never doubt that a small group of thoughtful,
committed citizens can change the world. Indeed it is
the only thing that ever has…
…with only 1 person, its hard –but when you put that 1 person with
4 or 5 more, you have a force to contend with.
All of a sudden, you have enough momentum to make almost
anything that’s immanent or within reach actually real.
Margaret Mead
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33. Book available at Jarir
bookstores or
Jarirreader in KSA
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