Saudi Vision 2030

Saudi Vision 2030
رؤية السعودية 2030
Official logo
Development program overview
Formed25 January 2016 (2016-01-25)
TypeDevelopment program
JurisdictionGovernment of Saudi Arabia
MottoSaudi Arabia, the heart of the Arab and Islamic worlds, the investment powerhouse, and the hub connecting three continents
Minister responsible
Key document
Websitewww.vision2030.gov.sa/en/

Saudi Vision 2030 (Arabic: رؤية السعودية ٢٠٣٠ ruʾyat al-suʿūdiyah alfayn thalāthūn, sometimes called Project 2030) is a government program launched by the Kingdom of Saudi Arabia which 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.[1]

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".[2]

Despite efforts to reduce Saudi dependence on oil, Saudi Arabia remains heavily dependent on oil revenue, as measured by its contribution to GDP, fiscal revenue and exports.[3] Oil accounts for approximately 40% of Saudi GDP and 75% of fiscal revenue.[3]

  1. ^ Marwa Rashad (24 April 2016). "Saudis await Prince's vision of future with hope and concern". Reuters. Archived from the original on 4 January 2020. Retrieved 24 April 2016.
  2. ^ "National Transformation Program 2020" (PDF). Archived from the original (PDF) on 1 April 2019.
  3. ^ a b Dept, International Monetary Fund Middle East and Central Asia (17 August 2022). "Saudi Arabia: Selected Issues". IMF Staff Country Reports. 2022 (275). doi:10.5089/9798400217548.002.A001 (inactive 16 February 2024).{{cite journal}}: CS1 maint: DOI inactive as of February 2024 (link)

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