Crown Prince: Vision 2030 is an exceptional model for turning visions into reality
His Royal Highness Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince, Prime Minister and Chairman of the Council of Economic and Development Affairs, affirmed that the Kingdom of Saudi Arabia has presented, over the past years, an exceptional model in transforming ambitious visions into tangible reality, thanks to the strong will of the sons and daughters of the nation and its effective institutions.
Background to the launch of Vision 2030
This statement came in the context of assessing the achievements made nearly a decade after the launch of Vision 2030 in 2016. This vision, a comprehensive roadmap for the Kingdom's future, primarily aims to diversify national income sources and reduce the historical dependence on oil as the main source of revenue. The vision rests on three main pillars: building a thriving economy, creating a vibrant society, and establishing an ambitious nation, through the development of vital sectors such as tourism, entertainment, technology, industry, and logistics.
Local impact and tangible achievements
Domestically, the Vision has brought about radical transformations across various sectors. The non-oil economy has witnessed rapid growth, and unprecedented mega-projects have been launched, such as the futuristic city of NEOM, the Red Sea Project, and the Qiddiya entertainment city. These projects aim not only to attract global investment but also to improve the quality of life for citizens and residents and provide promising job opportunities. Saudi society has also undergone extensive social reforms, most notably the empowerment of women and their significant increase in participation in the labor market, in addition to supporting youth and developing the culture and sports sectors, which have become an integral part of daily life.
Regional and international importance
Regionally and internationally, the achievements of Vision 2030 have strengthened the Kingdom's position as an influential economic power and a key player on the global stage. Through the Public Investment Fund, Saudi Arabia has become a pivotal player in global investment markets. Furthermore, the economic and social transformations have made the Kingdom an attractive destination for tourism and business, contributing to stability and development in the Middle East. This inspiring development model has garnered global attention, with Saudi Arabia offering its experience in strategic planning and effective implementation as a model to be emulated.
Future Responsibility
His Royal Highness the Crown Prince added that the achievements made place a great responsibility on everyone to redouble their efforts and intensify their plans to ensure the sustainability of the positive impact. He emphasized that the ultimate goal is to continue the journey of progress and prosperity for the nation and its people, while keeping future aspirations in mind to achieve even greater accomplishments befitting the Kingdom's history and promising future.
