Vision 2030

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Saudi Arabia's Vision 2030 has been achieving remarkable initial success

 

 

Saudi Arabia's Vision 2030

 

  • Introduced in April 2016 by Crown Prince Mohammed bin Salman Al Saud, with the aim of diversifying and expanding the economy competitiveness
  • Vision 2030 builds on Saudi Arabia's pillars of competitive advantage to deliver on three key themes

              1. A vibrant society

              2. A thriving economy

              3. An ambitious nation

  • Its narrative sets forth the ambitions of the Kingdom over the next years and highlights a selection of commitments, goals, and aspirations which are being pursued

 

 

12 Vision Realization Programs

 

12 Vision Realization Programs developed to deliver impact against strategic objectives, each with specific mandates, owners, targets

  • Enriching the Hajj and Umrah experience
  • Lifestyle Improvement Program
  • Privatization Program
  • National Transformation Program
  • National Companies Promotion Program
  • Saudi Character Enrichment Program
  • Public Investment Fund Program
  • Strategic Partnerships Program
  • Fiscal Balance Program
  • National Industrial Development and Logistics Program
  • Housing Program
  • Financial Sector Development Program

 

 

Remarkable initial success

 

Already achieved remarkable initial success along multiple themes, attesting the seriousness of the country's transformation into a global and modern nation

  • Increased women's participation in the workforce, through initiatives and reforms
  • Reduction of budget deficit, from 15% to 8% of GDP between 2015 and 2017( a reduction of > SAR 160 B in two years)
  • Enhanced access to entertainment, with 2.3 million visitors between Oct 2016 and April 2017 from 100+ events in 21 cities