SADA law not funding friendly — CEO

the major source of financing the institution has to be a non-petroleum levy and independent flow of resources significant enough to create a pool that leverages investments. This hasn’t been implemented. It is unlikely that it will be implemented in the near future, yet you have to find a source of financing that matches the expectations of the people contained in the law. So, there is a mismatch between the financing mechanism and the aspirations of the people that leaves the institution and those of us in it in a bind. You are supposed to be leading transformation and doing private public partnerships yet you do not have resources to do any of those.

SADA’s source of funds, the non-petroleum levy, has never been implemented and in fact, may never be implemented. This is dangerous and that is my biggest problem.

We have to solve this mismatch of resources and aspirations and I think the SADA reputation problems made it easier for this to be swept under the carpet.<