The Kingdom of Saudi Arabia started a new journey towards a prosperous future with the launch of “Saudi Vision 2023”, which represents one of the largest national transformation programs globally. “Vision 2030” is considered a pivotal and decisive turning point in the history of the Kingdom of Saudi Arabia, adding to the balance of its achievements at the economic, social and cultural levels, and its active political presence in the region and the world. His Royal Highness Prince Muhammad bin Salman bin Abdulaziz Al Saud, Crown Prince, Deputy Prime Minister and Minister of Defense in the sisterly Kingdom of Saudi Arabia, is the godfather of the vision, its architect, and the maker of its achievements and successes. . Saudi Vision 2030 includes three main axes aimed at improving the quality of life for citizens and residents of the Kingdom of Saudi Arabia, and enhancing its global competitiveness: a vibrant society in which citizens live a sustainable lifestyle, and a thriving economy that seeks to provide an environment that unlocks business potential, expands the economic base and provides job opportunities for all The Saudis, and an ambitious country in which government work is effective, transparent and accountable.
– 11 programs
The Kingdom of Saudi Arabia has been keen to develop a road map to successfully reach Vision 2030, and this is done through 11 development programs that the government of the Kingdom has established in accordance with the conditions of each sector. National Transformation The National Transformation Program aims to develop the necessary infrastructure and create an enabling environment for the public, private and non-profit sectors to achieve Saudi Vision 2030, by focusing on achieving excellence in government performance, supporting digital transformation, contributing to the development of the private sector, and developing capabilities. economic development, promoting community development, and ensuring the sustainability of vital resources.
– public investment
The Public Investment Program aims to enhance the role of the Public Investment Fund, as it is the effective driver behind the diversification of the economy in the Kingdom, by launching new sectors and opportunities, and investing to maximize sustainable returns to make the Fund one of the most sovereign wealth funds in the world, as well as establishing solid economic partnerships that contribute to Deepening the impact and role of the Kingdom in the regional and global scenes. Financial Sustainability The Financial Sustainability Program represents a medium-term financial planning mechanism for the sustainability of the public finances situation and the achievement of a balanced budget. It focuses on developing public policies that support the realization of the Kingdom’s Vision 2030, taking into account the adoption of efficiency and effectiveness, and ensuring that these public policies achieve an improvement in the balance of payments and the growth of domestic product. Providing job opportunities for male and female citizens.
– Developing the financial sector
The Financial Sector Development Program supports the development of the national economy, diversifies its sources of income, and stimulates savings, financing and investment, through the development and deepening of financial sector institutions, and the development of the Saudi financial market to form an advanced financial market, in a manner that does not conflict with the strategic objectives of maintaining the stability and robustness of the financial sector. Privatization The privatization program enhances the role of the private sector in providing services and making government assets available to it, which improves the quality of services provided and contributes to reducing their costs, stimulates economic diversification, enhances economic development, and increases competitiveness to meet regional and international challenges and competition. Attracting foreign direct investment and improving the balance of payments.
– housing
The housing program aims to develop the housing system and improve its efficiency in order to achieve the leadership’s vision and the aspirations of citizens by enabling Saudi families to own the appropriate housing, developing the legislative and regulatory environment for the housing sector, increasing the economic impact of it, and enhancing its attractiveness to the private sector by focusing on the development of local content, which contributes to creating job opportunities. sector, and enhances its participation in the GDP.
Quality of life
The program is concerned with improving the quality of life for the individual and the family, by creating the necessary environment to support and develop new options that enhance the participation of citizens, residents and visitors in cultural, recreational, sports and tourism activities, and other appropriate patterns that contribute to enhancing the quality of life, generating jobs, diversifying economic activity, and enhancing the status of Saudi cities. In the ranking of the best cities in the world. – Developing the national industry The program aims to transform the Kingdom into a leading industrial power and a global logistics platform, and to maximize the value generated from the mining and energy sectors, local content and the Fourth Industrial Revolution, to contribute significantly to maximizing and diversifying the economic impact of the targeted sectors, sustaining the growth of those sectors, achieving their leadership, and creating Attractive investment environment.
– Serving the pilgrims
The role of the program is to provide the largest possible number of Muslims with the opportunity to perform the rituals of Hajj, Umrah and visit to the fullest, and work to enrich and deepen their experience, through preparing the Two Holy Mosques, achieving the global message of Islam, preparing Islamic historical and cultural sites, and providing the best services before, during and after their visit. of the holy places, and reflecting the honorable and civilized image of the Kingdom in the service of the Two Holy Mosques and the guests of the Most Merciful.
– Human capacity development
The Human Capacity Development Program seeks to enable the citizen to compete globally, through the promotion of values, the development of basic and future skills, and the development of knowledge, as it focuses on developing an educational basis for all, which contributes to inculcating values from an early age, and preparing young people for the future local and global labor market Enhancing their work culture, developing the skills of citizens by providing lifelong learning opportunities, and supporting a culture of innovation and entrepreneurship.
Transformation of the health sector
The Health Sector Transformation Program is concerned with enabling the comprehensive transformation of the health sector in the Kingdom, restructuring it to be a comprehensive, effective and integrated system based on the health of the individual and society, and ensuring the continuation of transformation efforts in the health dimension by achieving 4 strategic goals that contribute to strengthening the sector’s position and activating its components. The vision realization programs have achieved successes embodied in a wide range of achievements, the most prominent of which was the approval of the national investment strategy, which includes pumping 12 trillion riyals into the local economy until 2030, the approval of the project to establish the largest coral garden in the world, and the development of the largest fish farm in the Middle East and North region. Africa, Al-Ula’s master plan that provides investment opportunities worth $15 billion, a silicon smelter project with investments of $140 million in the “mining and minerals” sector, the Red Sea project whose first phase will end in 2023, and an international airport project with 80 % of the world’s population reached it in less than 8 hours, and announcing the request to host the “Expo 2030” exhibition in Riyadh during the period from October 1, 2030 to April 1, 2031. The number of economic and technical reforms approved by the Kingdom within the framework of the vision reached 770, and it succeeded The Kingdom advances several positions in the global competitiveness reports, and the report “Women: Business Activities and the Law 2021”.
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