When the Saudi Arabian’s government unveiled the Saudi Vision 2030, it was considered as a long-term economic blueprint of Saudi Arabia. Prince Mohammed bin Salman announces Saudi Arabia Vision 2030, Riyadh, Saudi Arabia, 26 April 2016. The Pillars of Saudi Arabia’s Vision 2030. The country recognizes that Allah the Almighty has bestowed upon their lands a gift more precious than oil. The oil price boom from 2003 to 2013 fueled rising prosperity in Saudi Arabia, which became the world’s 19th-largest economy. Increasing the contribution of SMEs to GDP from 20 to 35 percent by 2030. Saudi women are expected to play a vital role in the Kingdom of Saudi Arabia’s (KSA’s) development strategy, Vision 2030. Vietor, Richard H.K., and Haviland Sheldahl-Thomason. The Vision 2030 of the Kingdom of Saudi Arabia, as announced on 25 April 2016, is the plan for the post-oil era with the rise of new energy efficient producing technologies. Health care is one of the largest sectors significantly contributing to achievement of the vision… Vision 2030 and Saudi Arabia’s Social Contract: Austerity and Transformation. Saudi Vision 2030: Global Economic Impact Study. With an estimated value of $2T, … Vision 2030 is supposed to transform Saudi Arabia by weaning it off oil. Saudi Arabia revealed its National Strategy for Data & AI (NSDAI) which will make the country a global leader in Artificial Intelligence by 2030. The first pillar of Saudi vision is to be the heart of the Arab and Islamic worlds. Saudi Arabia's Deputy Crown Prince Mohammed bin Salman announced on Monday the Vision 2030 reform plan, a package of economic and social policies designed to … The number of Saudi women holding managerial positions has increased during the past decade, with the Kingdom recently enacting new reforms toward improving on its record of female empowerment and gender equality. In April 2016, Saudi Arabia introduced the Vision 2030 plan to reduce its dependence on oil, diversify the economy, and develop service sectors, such as health, education, infrastructure construction, recreation and tourism, and many more. Nonetheless, compared with its neighbors, Saudi Arabia is a late adopter of grander "vision" plans. Saudi Arabia's ambitious economic reform project promises to disrupt the traditional social contract in a number of ways, which is bound to have political ramifications for the country. Saudi Vision 2030 (Arabic: رؤية السعودية 2030 ‎) is a plan to reduce Saudi Arabia's dependence on oil, diversify its economy, and develop public service sectors such as health, education, infrastructure, recreation and tourism. This report is written and published in accordance with the Atlantic Council Policy on … Vision 2030 is Saudi Arabia’s grand plan to rebalance its economy, diversifying into a host of new sectors, from financial services to high-end manufacturing and tourism to entertainment and culture. Here are the key details of the plan, released in public appearances by deputy crown prince Mohammed bin Salman and in government documents provided to the media. Vision 2030 seeks to build on Saudi Arabia’s strengths as an investment powerhouse situated in the heart of the Arab and Islamic worlds, with strong geographic connections to Europe, Asia and Africa. 20 July 2017. Saudi Vision 2030 The Kingdom of Saudi Arabia, through its Vision 2030 and its Vision Realization Programs, is embarking on a journey of true transformation and discovery, unlocking its social and economic potential Our Vision The heart of the Arab and Islamic world Themes of Saudi Vision 2030 A vibrant society DEVELOI}MEN¥ GOALS The investment Summary. Saudi Vision. Most success stories start with a vision, and successful visions are based on strong pillars. Saudi Arabia will seek to encourage further social and commercial development, undergoing a new phase of economic evolution. These are in line with Saudi Vision 2030 and one of the main changes it will bring about lies in the financing of healthcare. Saudi Arabia launched the Future Investment Initiative forum in 2017, a year after the Vision 2030 reforms were introduced. Release Summary. It proposes ambitious steps to diversify its economy by growing the private sector and scaling down the public one. (File photo: AFP) Reem Abdellatif, Al Arabiya English … The current leadership in Saudi Arabia has given a thrust to improve healthcare quality in the country for two main reasons: improving the welfare of the citizens and higher efficiency compared to the current model. 1 Saudi Vision 2030: Life after oil Saudi Vision 2030: Life after oil Saudi Arabia has launched an ambitious reform programme with Vision 2030, a long-term strategy to bolster the country’s fiscal position and diversify its economy in a world of low oil prices. Healthcare is one of the main focus areas of Vision 2030 and this article considers what is envisaged and what this could entail for the sector and for the foreign investor. Under Vision 2030, Saudi Arabia will contribute Aramco to its sovereign wealth fund, the Public Investment Fund . “Saudi Arabia is home to a young population and the country is moving forward at an incredible rate,” John Brash, founder and CEO of Brash Brands, told OBG. Bahrain, the United Arab Emirates and Qatar announced National Vision 2030 plans in 2008, and Kuwait announced its State Vision 2030 in 2010. In recent years Saudi Arabia has attracted international attention for the momentum of its socio-economic transformation taking place under the auspices of the Vision 2030 development plan. Background. ATLANTiC COUNCiL i iSBN-13: 978-1-61977-107-9 Cover: A man walks past the logo of Vision 2030 after a news conference, in Jeddah, Saudi Arabia June 7, 2016. In April 2016, Deputy Crown Prince Mohammed bin Salman unveiled Vision 2030, an ambitious program of development for the Kingdom. Photo Flickr. A year after Deputy Crown Prince Mohammed bin Salman announced his new economic plan, Saudi Vision 2030, the situation doesn’t seem to go towards the best and the first signs that this plan would eventually fail appear.. By 2030, Saudi Arabia will have at least five universities among the top 200 universities in the world. Vision 2030: All you need to know about Saudi Arabia’s giga-projects Huge developments aim to put Kingdom on global tourism map Work on first development in $500bn NEOM … Saudi Arabia's Vision 2030 represents a major structural shift in all economic sectors. Following is the text of Saudi Arabia’s vision 2030: Foreword. Vision 2030 is a comprehensive plan for reform of the entire economic structure of Saudi Arabia. Increasing the contribution of SMEs to GDP from 20 to 35 percent by 2030. Take a close look at Saudi Arabia’s transformation, the vision for KSA 2030 and the projections for the 2030 economy in KSA at arabnews.com, where the future is made! Harvard Business School Case 718-034, January 2018. Saudi Vision 2030 aims to boost the kingdom’s hospitality industry by more than half and attract 1.5 million tourists by 2020, analysts believe. It is my pleasure to present Saudi Arabia’s vision for the future. The blueprint for the Kingdom’s economic and governmental reorganisation was defined by Crown Prince Mohammad Bin Salman Al Saud in his ‘Vision 2030’ and accompanying National Saudi Arabia announced on Monday its Vision 2030 reform plan, a package of economic and social policies designed to free the kingdom from dependence on oil exports. By 2030, Saudi Arabia will have at least five universities among the top 200 universities in the world; and refocusing on small and medium-sized enterprises (SMEs) by encouraging financial assistance. The Vision aims to usher the Kingdom into a new era of innovations and modernity in all aspects of life pertaining to the 21st Century. REUTERS/ Faisal Al Nasser/File Photo. Refocusing on small and medium-sized enterprises (SMEs) by encouraging financial assistance. GDP doubled, household income rose by 75 percent, and 1.7 million jobs were created, including jobs for a growing number of Saudi women. Vision 2030. The Vision rests on three thematic pillars—a vibrant society, a thriving economy and an ambitious nation—and outlines a set of goals and targets for the Kingdom to Introduction: Nursing in Saudi Arabia has advanced noticeably in education and clinical practice, but challenges remain in building and sustaining a Saudi nursing profession and workforce. Vision 2030 defines the general direction, policies, goals, and objectives of the Kingdom. [5] John Edwards, “Vision 2030 (part 1): Saudi Arabia’s Bold Reinvention Plan,” The Interpreter, Lowy Institute for International Policy, Square NSW, Australia, May 19, 2016. The strategy provides international firms Vision 2030 charts out the path Saudi Arabia will take to build a prosperous future in all development areas. The Vision 2030 blueprint organizes Saudi Arabia’s unique strengths and capabilities into a long-term strategic plan to address the core challenges of breaking away from reliance on a single product economy. 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