Saudi Arabia Vision 2030 is a program to reduce the oil dependence of Saudi Arabia , diversify its economy and develop public health, education, infrastructure, recreation and tourism. Goals include intensifying economic and investment activity, increasing international non-oil trade in goods and services, and increasing defense spending.
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Content
- 1 Goals
- 2 See also
- 3 notes
- 4 References
Goals
- The sovereign fund of Saudi Arabia should be converted into $ 2.5 trillion of assets, which will make it the largest such fund in the world and the controller of more than 10% of global financial investment opportunities and 3% of world property.
- By 2020, excessive oil dependence and the possibility of fulfilling the plan should be eliminated even with oil under $ 30 per barrel. Non-oil revenues should be increased sixfold from $ 43.5 billion to $ 267 billion, and non-oil exports - from 16% of GDP to 50%. The kingdom should enter the top 15 world economies instead of the current 20th place. Huge solar-powered generating capacities should be created in the north to avoid water shortages.
- Under a 5% stake in Saudi Aramco , worth $ 2 trillion, will be placed on the stock exchange, the proceeds will be used to finance a sovereign fund.
- Within 5 years, a Saudi green card should be introduced to increase investment attractiveness. Tourism will be open for the whole world, taking into account the religious characteristics of the country
- By 2030, the number of Hajj people should rise annually from 8 to 80 million, for which a lot of infrastructure will be added, for example, new airports in Taif and Jeddah . The largest Islamic museum in the world will be built in Riyadh . The goal is also to increase the number of pilgrims who die during the year to 15 million in 2020 and to 30 million in 2030. [one]
- The share of women in the labor market should be increased from 22% to 30%, and youth unemployment should fall from 11.6% to 7%. The share of the private sector in GDP should go from 3.8% to 5.7%.
- A defense holding should be created.
- Housing sector to be restructured
- The anti-corruption struggle must be intensified. Government bodies should be measured by 551 different index measuring 17 main indicators
See also
- Neom
- Vision 2023