Saudi Vision 2030

How Saudi Arabia Focuses On Transitioning Its Global Presence With Their Vision 2030?

Sustainable growth is the vision of global development which is trending for upcoming generations. This vision has become a global vision that has allowed the countries to ensure that the upcoming generation becomes a part of the society which focuses both on excellent facilities along with cultural significance. With this thought in mind, the Kingdom of Saudi Arabia has been working on Vision 2030, which would turn out to be a stepping stone for its inclusive growth and development.

Core Fundamentals Of The Vision 2030

The broad aspects of Saudi Vision 2030 are listed below which would help you to build a better understanding of their mission.

Creating A Vibrant Society

The key points of this part of the mission focus on enhancing cultural values and happiness by focusing on a series of factors listed below.

• Enhancing Life fulfilment (increasing the average life expectancy for 74 years to 80 years)
• Social well-being (i.e. rising up the current position on Social Capital Index from 26 to 10)
• Focusing on Core Family Values
• Education (aiming to have at least 5 Saudi Universities under Top 200 Universities in international rankings)

Crux: Development of a better society with education and strong cultural values        

Become A Leader With a Thriving Economy

This part of the mission focuses on boosting the economy by providing opportunities and working in new sectors for business expansion. The core factors to be focused on are listed below:

• Provide Rewarding Opportunities (i.e., lowering the unemployment rate from 11.6% to 7%)
• Investment in New Sectors?
• Restructuring Economic Cities for better returns
• Enhancing FDI from 3.8% to the international level of 5.7% of the nation’s GDP
• Increasing the private sector’s contribution to the nation’s GDP from 40% to 65%
• To rank up on Global Competitive Index from 25 to the top 10

Crux: Becoming an ambitious nation with responsible citizens and effective government?        

Moving Towards a Model of Inclusive Development

This part of the mission focuses on conserving flora and fauna along with new methods of seamless living by providing education to citizens. This mission also has a particular part focused on a sustainable environment. The core areas to be focused in this mission are listed below.

• Conservation of Flora and Fauna to promote sustainable development
• Developing education-based economy?
• Solving multiple Issues using Advanced Technology (i.e. traffic issues and a lot more)
• Increasing the women participation in various activities along with providing them with more opportunities.

Crux: Develop an innovative ecosystem and boost standards of seamless living with educated citizens???        

Programs And Projects?

There are multiple projects which come under this mission and some of these are listed below which would allow you to build a picture of this Vision 2030.

• Housing programs (ROSHN): Provide homes based on personal needs and financial capabilities
• Doyof AL Rahman Program: Making Hajj and Umrah tours easy with enhanced tourism at cultural sites
• Human Capability Development Program: Upskilling human capabilities which allows them to compete on a global scale
• Quality Of Life Programs: Enhancing the quality of life through multiple sports events, cultural programmes and entertainment activities
• Health Sector Transformation: Restructuring the health sector and providing value-based care by promoting public health and disease prevention programs
• National Industrial Development And Logistics Program: Becoming a logistics hub and creating an investment-friendly business environment

Saudi Vision 2030 paves a new path for growth and development as it displays the concept of sustainable growth. It also focuses on the significance of quality of life which makes it much easier for countries to focus on their citizens and provide them with the best services along with an effective government.

Project-specific details and opportunities would be discussed extensively in subsequent posts.?