Saudi Vision 2030 is a government program launched by the Kingdom of Saudi Arabia that aims to achieve the goal of increased diversification economically, socially and culturally, in line with the vision of Saudi Crown Prince and Prime Minister Mohammed bin Salman. It was first announced on 25 April 2016 by the Saudi government
The Council of Ministers has tasked the Council of Economic and Development Affairs (CEDA) with identifying and monitoring the mechanisms and measures crucial for the implementation of “Saudi Arabia’s Vision 2030”.
In 2021, The Guardian wrote despite Saudi Arabia’s commitment to diversify its economy, the government was still 74% dependent on oil exports for its budget.
Vision 2030 Draws on the Nation’s Intrinsic Strengths
- is the land of the Two Holy Mosques which positions the Kingdom at the heart of the Arab and Islamic worlds
- is using its investment power to create a more diverse and sustainable economy
- is using its strategic location to build its role as an integral driver of international trade and to connect three continents: Africa, Asia and Europe