Invest in Saudi

Key Features and Regional competitiveness January, 2023


Saudi Vision 2030, launched by King Salman bin Abdulaziz Al Saud and guided by Crown Prince Muhammad bin Salman, is a transformative initiative aimed at diversifying Saudi Arabia's economy and fostering sustainable growth. The plan encompasses a broad array of strategies and projects designed to enhance the Kingdom's economic resilience and global competitiveness.

Key Insights from the Report

  1. Leadership and Guidance
    • Initiated by King Salman bin Abdulaziz Al Saud.
    • Ongoing guidance by Crown Prince Muhammad bin Salman. 
  2. Economic Diversification
    • Focus on reducing dependency on oil revenue.
    • Implementation of ambitious plans and strategies for economic growth.
    • Promotion of investments across all regions of the Kingdom.
  3. Strategic Advantages
    • Leveraging a strong economy, abundant energy resources, and strategic geographical location.
    • Utilizing a young and dynamic population.
    • Development of integrated infrastructure.
  4. Resilient Economy
    • Rapid recovery from the COVID-19 pandemic.
    • Projected to achieve the highest global economic growth rate of 7.6% in 2022 according to the IMF.
  5. Investment Initiatives
    • Significant investment opportunities in competitive sectors.
    • Over USD 3.2 trillion in investment expected through the National Investment Strategy.
    • Comprehensive support from the Ministry of Investment and other government entities.
  6. Technological and Regulatory Advancements
    • Development of advanced ICT infrastructure and eGovernment solutions.
    • Promotion of public-private partnerships.
    • Implementation of new regulations and strategic initiatives, including the National Transport and Logistics Strategy and the National Industrial Strategy.
  7. Regional Development
    • Each of Saudi Arabia's 13 regions offers unique opportunities based on their distinct climate, talent pool, and economic characteristics.
    • Highlighting key sectors with promising growth potential in each region.

Saudi Vision 2030 is a clear roadmap for positioning Saudi Arabia as a leading global economy, driving forward innovation, investment, and sustainable development.

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