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  • Six years to go, what Saudi Arabia’s Vision 2030 aims to achieve

    Various reforms have been implemented to enhance the business climate, create jobs, and invite investment into the country. Under this initiative, Saudi Arabia is preparing its people for a new world that embraces technology and is ready to face issues such as climate change.

  • Vision 2030: What are Saudi Arabia’s overarching goals?

    The first goal of Vision 2030 is to cultivate a content and fulfilled society, laying the foundation for the attainment of economic prosperity.

    According to the Kingdom’s Vision 2030 official website, the goal focuses on creating strong roots that embrace modern Islam, national pride and Saudi heritage and culture, while also providing world-class entertainment options, sustainable living, and efficient health and social care systems.

  • Saudi Arabia’s Vision 2030 Is Too Expensive For Tourists – And Everyone Knows It

    Between now and the end of the decade, 320,000 new hotel rooms are expected to open in Saudi Arabia. According to Knight Frank, 82% of those new rooms are in the luxury and upscale segments. And 66% of Saudi’s current 149,400 rooms are also upscale and luxury.

  • Can Saudi Arabia’s Vision 2030 still succeed?

    “I don’t think I’ve ever met anyone who believed it would be built as conceived, Saudis included,” Jim Krane, energy research fellow at Rice University’s Baker Institute, told The New Arab.

    “Erecting a 100-mile-long skyscraper in the middle of nowhere is not a great use of scarce resources.”

  • Saudi Arabia will ‘downscale’ some Vision 2030 projects like Neom amid ‘challenges,’ minister says

    Officials said in a press release that the credit line will support Neom's short-term financing requirements, including the development of Trojena, The Line, and the luxury island destination Sindalah. Neom's CEO, Nadhmi Al-Nasr, said: "This new credit facility, backed by Saudi Arabia's leading financial institutions, is a natural fit within our wider strategy for funding. We continue to explore a variety of funding sources as we deliver transformational infrastructure assets while supporting the wider Vision 2030 program."

  • Saudi Arabia may ‘scale back some Vision 2030 projects and speed up others’

    Saudi Arabia’s Finance Minister Mohammed Al Jadaan on Sunday said the kingdom would adapt to current economic and geopolitical challenges and “downscale” or “accelerate” some of the projects being carried out under its Vision 2030 programme.

    Asked whether Saudi Arabia had to "mark-to-market" its expectations regarding the goals of the 14-year long programme, Mr Al Jadaan said: “Absolutely, yes.”

  • Long-term plans of Saudi Vision 2030 support economic flexibility: Al-Jadaan

    “Saudi Vision 2030’s objectives are on track at 87%”, the Saudi minister assured, indicating that there is still a bundle of challenges that requires modifying some projects, accelerating a number of them, and reducing the size of other projects.

  • Vision 2030: 87% of initiatives on track or completed

    More than halfway through its "Saudi Vision 2030" journey, Saudi Arabia has demonstrated notable progress, with 87% of the 1,064 initiatives either completed or advancing as planned.

    This achievement underscores the Kingdom's substantial efforts since the vision's launch on April 25, 2016, under the leadership of King Salman bin Abdulaziz and Crown Prince Mohammed bin Salman. The vision aims to transform the nation through significant economic growth and enhanced quality of life, positioning Saudi Arabia as a prosperous and future-ready economy.

  • Saudi Arabia marks Vision 2030’s 8-year anniversary

    Today marks the eight-year anniversary of Saudi Arabia’s Vision 2030, an ambitious blueprint aimed at transforming the Kingdom into a pioneering model on the global stage.

    Launched on April 25, 2016, by King Salman bin Abdulaziz Al Saud and spearheaded by Crown Prince Mohammed bin Salman, Vision 2030 has reshaped the nation’s economic and social landscape, propelling it towards a more diversified and sustainable future.

  • Saudi Arabia’s Vision 2030, the rise of fintechs and professional development

    With Saudi Vision 2030 and other regulatory regimes encouraging and facilitating the use of fintech, Annette Spencer, the ACT’s chief executive, said: “It struck me that regulation and technology are becoming friends and allies in a way that perhaps has not always been the case in the past.” Solid relations between banks and corporates are an important foundation of doing business in Saudi and the Gulf region. Alhudaif stressed how her company had explored what services banks can provide regarding cash management, credit facilities investments and financial leasing products.