RIYADH: Saudi Arabia has saved SR400 billion ($106 billion) over the last four years as a result of a spending efficiency program implemented as part of the Vision 2030 reform plans, according to Minister of Finance Mohammed Al-Jadaan. Speaking at a dialogue session in Riyadh titled “Vision 2030 Creates Future Opportunities,” a meeting of the chairs of the Vision 2030 Realization Program Committees, Al-Jadaan said the savings came from a careful review of all projects to see where unnecessary spending could be cut. A number of experts and academics told Arab News the key to the success of the savings initiative was the enhanced relationship between the public and private sectors and the drive for increased privatization of state assets.