Why Saudi?
Vision 2030
Vision 2030, Saudi Arabia’s ambitious blueprint, aims to propel the nation to the forefront of the global economy by fostering digitalization and accelerating business growth. Through this initiative, the country seeks to diversify its economic activities, ensuring sustainable development and prosperity for future generations.
Vision 2030: Saudi Arabia's roadmap to a dynamic and prosperous future.
Saudi Vision 2030 marks a pivotal moment in the Kingdom’s history, heralding a transformative journey towards a thriving, diversified, and sustainable economy. Crafted under the guidance of Crown Prince Mohammed bin Salman, this visionary blueprint outlines bold initiatives aimed at unlocking the full potential of Saudi Arabia and enhancing the quality of life for its citizens.
% Increased from 40% 65%
Private sectors contribution to GDP by 2030
$1.86T+
Public Investment Funds Assets by 2030
$935B (up by 318% from 2023)
Banking Assets by 2030
70% by 2030
Growth Rate of Digital Payments
- Diversify the Economy: By reducing dependency on oil revenue, the vision aims to bolster non-oil sectors such as tourism, entertainment, healthcare, and technology. This diversification strategy ensures greater resilience to global economic fluctuations and fosters long-term prosperity.
- Empower the Private Sector: Recognizing the pivotal role of the private sector in driving economic growth, the vision emphasizes fostering a conducive business environment, promoting entrepreneurship, and attracting foreign investment. By unleashing the potential of the private sector, Saudi Arabia aims to spur innovation, create jobs, and fuel sustainable development.
- Enhance Quality of Life: Saudi Vision 2030 prioritizes the well-being and happiness of its citizens, aiming to elevate living standards, healthcare services, and educational opportunities. Investments in social infrastructure, cultural initiatives, and recreational amenities contribute to building vibrant communities and nurturing a thriving society.
- Promote Sustainability: Environmental conservation and sustainable development are integral to Saudi Arabia’s vision for the future. Initiatives aimed at preserving natural resources, promoting renewable energy, and mitigating climate change underscore the Kingdom’s commitment to responsible stewardship and global sustainability efforts.
- Foster Global Partnerships: Saudi Vision 2030 recognizes the importance of international collaboration and partnerships in achieving its objectives. Through strategic alliances, knowledge exchange, and cross-border investments, Saudi Arabia aims to position itself as a key player on the global stage, contributing to regional stability and prosperity.
As Saudi Arabia forges ahead on its transformative journey towards Vision 2030, the Kingdom remains steadfast in its commitment to realizing its full potential, empowering its citizens, and shaping a brighter future for generations to come. With innovation, determination, and a spirit of collaboration, Saudi Arabia stands poised to achieve unprecedented success and emerge as a beacon of progress and prosperity in the 21st century.
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Key Programs of Saudi Vision 2030:
- National Industrial Development and Logistics Program (NIDLP): This program focuses on enhancing the industrial sector’s competitiveness, expanding local content, and developing strategic industries such as mining, energy, and logistics.
- Quality of Life Program: Aimed at improving the overall quality of life for Saudi citizens, this program focuses on enhancing entertainment, cultural offerings, sports, and leisure activities across the Kingdom.
- Privatization Program (Tawazun): This initiative aims to privatize state-owned assets and industries, promote private sector participation, and attract foreign investment to stimulate economic growth and efficiency.
- Financial Sector Development Program (FSDP): Focused on strengthening the financial sector, this program aims to enhance the efficiency, stability, and competitiveness of Saudi Arabia’s financial markets, banking services, and capital markets.
- National Transformation Program (NTP): Aligned with Vision 2030’s objectives, the NTP outlines specific initiatives and targets across various sectors, including healthcare, education, infrastructure, and public service delivery, to drive economic diversification and enhance competitiveness.
- Human Capital Development Program: This program focuses on developing the skills and capabilities of the Saudi workforce, improving education and vocational training, and increasing employment opportunities to drive economic growth and reduce reliance on expatriate labor.
- Privatization of the Energy Sector Program: With a focus on diversifying the energy sector and attracting private investment, this program aims to promote renewable energy projects, increase energy efficiency, and enhance sustainability.
- Housing Program (Eskan): Addressing the housing shortage and improving access to affordable housing for Saudi citizens, this program aims to facilitate housing development, provide financing solutions, and promote sustainable urban planning.
- National Housing Program: This program aims to increase homeownership rates, improve housing affordability, and develop integrated communities through various initiatives such as mortgage financing, housing subsidies, and urban planning reforms.
- Healthcare Transformation Program (HTP): Focused on enhancing healthcare services, accessibility, and quality, this program aims to improve healthcare infrastructure, expand coverage, and promote preventive care and wellness initiatives.
- Digital Transformation Program: This program aims to accelerate the adoption of digital technologies, enhance digital infrastructure, and promote e-government services to drive innovation, efficiency, and competitiveness across various sectors.
- Tourism Development Program: With a focus on promoting tourism as a key economic driver, this program aims to develop tourist attractions, infrastructure, and hospitality services to attract international visitors and stimulate job creation and economic growth.