Mohammed bin Salman has introduced social and economic reforms in Saudi Arabia as part of his Vision 2030 plan since 2017.

The Vision 2030 plan aims to create a vital society and prosperous economy through legislative and economic reforms.

Vision 2030 aims to increase Saudi women's workforce participation to 30% by 2030.

The Crown Prince supports women's empowerment, introducing policies like allowing them to obtain driving licenses since June 24, 2018.

Women's representation has increased to 20% in the Consultative Council and they hold positions in the Public Prosecution and Human Rights Commission.

The Saudi Public Investment Fund is now a $2.5 trillion sovereign fund to promote economic diversification.

The government has implemented initiatives to attract foreign investments and private sector involvement.

The economy grew significantly in 2021, with non-oil activities up 5.4% and the private sector up 11.1%.

The unemployment rate is 4.9% and foreign direct investments have increased by $14.3 billion.

Saudi Arabia aims to increase the private sector's GDP contribution from 43% to 65% by 2030.

The government has made significant progress in achieving Vision 2030, with non-oil revenues now contributing 50% to the country's GDP.

Saudi Vision 2030 has achieved 50% of its objectives ahead of schedule.

The reform programs ensure accountability through auditing and accounting.

The Kingdom has a strong role in international cooperation and a solid financial system due to ongoing economic reforms.

The 2022 reforms expanded the national economy and reduced unemployment to its lowest level since 2016.

The country has reduced its dependence on oil and implemented programs to empower women.

Ministries have been restructured and merged, with non-oil revenues reaching 457.728 billion riyals in 2023.

Saudi women's unemployment rate has decreased by 13.7% and local content in government procurement is now 40.14%.

Mohammed bin Salman has introduced social and economic reforms in Saudi Arabia as part of his Vision 2030 plan since 2017.

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Content: Mohammed bin Salman..
Defeating the impossible.
Ahmed Awad
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In 2016, it was an impossible dream for those who did not know Prince Mohammed bin Salman and the Saudi people who believed in his vision.
Programs, interventions, reports, and a lot of noise targeted this dream, and many tried to sow despair in the spirit of the Saudis and their leadership; the impossibility of achieving this vision.
Today, we are approaching half the age of the vision, and the talk is no longer about “will ”, but we“ reap ”, all legislative, economic and social reforms today have become a paved path towards achieving the goals of the vision, and work to be the output “vital society; an ambitious homeland; and a prosperous economy. ”
2023 will be an exceptional year for us, it will be a year to reap the fruits, and in which we will see the results of many projects in all directions and across all sectors, everything that helps to create success has been provided, and the first beginning of this success is the achievement of a financial surplus in the budget for the first time in years.
His Highness Crown Prince Mohammed bin Salman defeated the impossible, and provided his people and country with sustainable prosperity, and an economy capable of growth and prosperity; without being affected by global oil prices.
What His Highness succeeded in became an example among the nations.
Moving from the city.
Disclaimer: All published articles represent the opinion of their authors only.
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What are some of the key goals of Vision 2030 for society and economy?

allow recreational activities; Saudi women benefit from relaxed restrictions

What are the main goals of the 2016- launched Vision 2030?

To lessen reliance on oil.
To diversify Saudi Arabia's economy

What has MBS done since becoming Crown Prince in Saudi Arabia?

The Vision 2030 plan aims to create a vital society and prosperous economy through legislative and economic reforms.

What are the main goals of the 2016- launched Vision 2030?

What has MBS done since becoming Crown Prince in Saudi Arabia?

Vision 2030 aims to increase Saudi women's workforce participation to 30% by 2030.

Title:

Content: Saudi National Day: kingdom's women celebrate drive towards equal opportunity

Female executives cite "progressive leadership" for their achievements

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As they prepare for the 92nd Saudi National Day on Friday, Saudi women are celebrating the nation's progress and their rise to leadership positions across different sectors.

Saudi women have always coveted more visible and pertinent roles in society, and the kingdom's Vision 2030 is the catalyst that has made them possible.

Saudi Arabia had developed a diversified economy thanks to its “progressive leadership”, Dr Manar Al Moneef, Chief Investment Officer at the kingdom's $500 billion city of the future Neom, told The National.

“We are proud of the incredible accomplishments that have ignited the pride of our people all over the kingdom and we continue to strive for greatness,” she says.

“Neom will continue to be a powerful enabler” of the Saudi Vision 2030, she said.

Dr Manar believes Saudi Arabia is committed to women’s empowerment and has enabled women to obtain the “highest levels” of education and encouraged them to participate in various aspects of “economic, political, and social life”.

“As part of Vision 2030, I am grateful for the major reforms and the continuation of the leadership’s efforts to empower women to occupy leadership positions in various sectors.”

She said Neom’s approach is no different, “we are committed” to creating a working environment that supports, develops, and promotes equality and diversity”.

Vision 2030 aims to boost female participation in the workforce to 30 per cent by 2030.

Saudi women make up more than a third of the country's workforce, statistics released in March this year by the General Authority for Statistics show, a 17.4 per cent increase from five years ago.

Also, the female unemployment rate fell to its lowest level in 20 years in the first quarter of 2022.

Many female leaders attribute this achievement to the kingdom's ambitious programme to completely reshape its economy into one that is self-sufficient, progressive and diversified.

Saudi women have always demonstrated resolve and “Vision 2030 catalysed this determination into action”, said Dr May Taibah, board member and corporate financial controller at the Community Jameel Saudi Foundation.

She has been working in social enterprise for more than a decade, most recently with Bab Rizq Jameel Services and Nafisa Shams Academy for Arts and Crafts.

Vision 2030 caters to the diverse needs of Saudi Arabia’s citizens, as it enables every member of society, “especially women,” to be veritable contributors to the country’s socio-economic growth, she said.

“This gives me a front-row seat to witness first-hand the impact of collaboration between the public, private, and governmental sectors in fuelling human capability,” she told The National. “It is truly inspirational what can be achieved through the right support framework.”

In the first quarter of 2022, the percentage of women in middle management and senior positions rose from 28.6 per cent compared with 39 per cent in first quarter of 2017, the Ministry of Human Resources and Social Development said.

However, the exponential value added by the growth of the female workforce in the kingdom was not limited to statistics and numbers, said Deema Al Bashrawi, Head of Operations at Tanmiah, a manufacturer and distributor of food and agricultural products.

She attributed her professional success to a culmination of factors including the strength of the kingdom’s educational framework, which enabled her to earn a degree in economics, and the support of her family.

She added that “Tanmiah continues to support my sustained growth” since she joined in 2012 as a manager.

“Today, I look forward to continuing to serve my country, customers, partners, and investors as we continue to support the achievement of Saudi Arabia’s goals towards improving food security, reducing waste, and achieving self-sufficiency,” Ms Al Bashrawi said.

Dr Taibah believes that an entrepreneurial mindset is vital to prosperity and extends beyond entrepreneurship.

“The value extends beyond that, to the personal stories of lives, businesses and industries transformed through supportive socio-economic empowerment across the entire framework,” she told The National.

The World Bank’s Women, Business and Law report for 2020 and 2021 found that Saudi Arabia was among the top countries when it came to implementing reforms and rights related to women.

“Vision 2030 was developed to extend equal support, whether a person is a craft worker, start-up CEO or employee,” Dr Tabiah said.

The Ministry of Human Resources and Social Development introduced policies that promote inclusivity, and diversity in the labour market.

These were “to enhance the positive image of women in the workplace, and to create a supportive and inclusive environment to facilitate women’s entry into the labour market”, a ministry representative said earlier this year.

“Crown Prince Mohammed bin Salman has been a champion for women's progress and has helped empower women in the labour market by giving us ease of running businesses and authority which does not require a man,” said Ghalia Abdul, who runs a retail store in Jeddah.

Women's right to drive, travel and run their own businesses had helped her to hire more female workers in the last four years, Ms Abdul said.

The Arab Institute for Women’s Empowerment has said that investing in targeted training for Saudi women would have a return on investment of $400 billion by 2030.

“Most young Saudis have an entrepreneurial spirit and the new changes have helped people like me not just run my own business, but also contribute to the economy and create jobs for women,” Ms Abdul added.

Updated: September 22, 2022, 5:15 AM
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What has MBS done since becoming Crown Prince in Saudi Arabia?

The Crown Prince supports women's empowerment, introducing policies like allowing them to obtain driving licenses since June 24, 2018.

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Content: Ahmed Murad (Cairo)
Over the past nine decades, the kings of the Kingdom of Saudi Arabia have been keen to achieve achievements and successes at various levels, until the Kingdom has become one of the most important countries in the world, both regionally and internationally, and during the last decade has achieved unprecedented qualitative leaps at the political, economic and social levels.
The celebrations of Saudi Arabia ’ s 91st National Day this year come in light of an unprecedented cultural boom witnessed by the Kingdom, where significant strides have been made in the process of comprehensive economic development through a series of projects, programs and strategies of economic diversification, support to non-oil sectors, and the establishment of modern and sophisticated industrial entities.
During the last decade, the Kingdom hosted a number of international, Arab and Islamic summits. Saudi Arabia was visited by leaders and leaders of major countries of the world, led by US President Donald Trump, who visited Riyadh in May 2017, in his first official foreign visit since taking office.: The Saudi-American summit, the US-Gulf summit, and the US-Arab and Islamic summit, and the leaders of 55 Arab and Islamic countries participated in the three summits.
Saudi Arabia has achieved many other foreign policy successes, including the announcement of the establishment of the Council of Arab and African States bordering the Red Sea and Gulf of Aden in early 2020, which includes Saudi Arabia, Jordan, Egypt, Sudan, Djibouti, Somalia and Yemen.
In a historic precedent that is the first of its kind in the history of the Arab region, Saudi Arabia assumed the presidency of the G20 on December 1, 2019, thus becoming the first Arab country to lead the largest international group, whose countries account for 75 percent of global trade volume and 80 percent of global economic output.
During the Saudi presidency of the G20, King Salman chaired a virtual extraordinary summit of G20 leaders hosted by Riyadh in March 2020 to coordinate international efforts in the field of combating the Corona pandemic and reducing its humanitarian and economic impact, with the participation of US President Donald Trump and Russian President Vladimir Putin.
Saudi Arabia has achieved many successes during its presidency of the group, providing more than 180 international initiatives and development contributions to the benefit of the countries affected by the « pandemic », worked to achieve a fairer global tax system in the digital era, and initiated policies to prevent deflation and global economic recession.
Road Map
As a result of these reforms, Saudi Arabia has been ranked by the World Bank among the top 20 reformers in the world, and the second among the top high-income countries and G20 countries in terms of implementing reforms to improve the business climate.
Saudi Vision 2030, which was launched on April 25, 2016, is at the top of the development programs adopted by the Kingdom. It is a road map towards comprehensive future national development, and aims to reduce the Kingdom ’ s dependence on oil and diversify its sources of income through a package of economic reforms unprecedented in the Kingdom ’ s history.
In December 2016, Saudi Arabia approved the National Transformation Program 2020 as one of the Vision 2030 programs, which increased private sector participation in GDP to 65 percent, saving 40 percent of government spending, as well as localizing the local component with a value of SAR 270 billion to enhance the added value of local content.
In a precedent witnessed by Saudi Arabia for the first time, the trend began to approve the general budget of the state by supporting and developing the national economy, without relying mainly on oil as the sole source of national income, which observers ranked among the most important achievements in the history of the Kingdom.
Saudi Arabia has also worked to transform the Saudi Public Investment Fund into a sovereign fund with assets valued at $2.5 trillion, making it the largest sovereign fund in the world.
The economic achievements achieved by Saudi Arabia in the recent period, including reducing the budget deficit by 48 percent, increasing the number of licenses granted to foreign investments by 130 percent, and moving to develop a city for the automotive industry in order to attract investments, increase exports and create jobs, and repair more than 4 million square meters of road networks.
Agricultural renaissance
Saudi Arabia has achieved many achievements in the agricultural sector, including increasing the number of known varieties in the field of fish farming, attracting international companies to enter this field, facilitating procedures and transactions, raising the quality of agricultural services through the launch of the electronic platform « Zraei », and creating a new opportunity to trade dates in which Saudi dates are introduced and traded through 25 electronic stores united by one platform.
Saudi Arabia has also implemented many housing projects during the last decade, including the provision of more than 282 residential products including housing units, land and subsidized financing to promote and develop the real estate sector in various regions of the Kingdom, as well as regulating the rental market and preserving the rights of parties during the rental process through the adoption of the “Ejar ” program.
The Dar Al-Hijra project is one of the most important residential projects launched recently, and is one of the largest residential, hotel and commercial projects in Saudi Arabia, and includes 20 administrative towers, 80 residential towers, 80 hotels providing 40,000 rooms for pilgrims, as well as government, administrative and commercial offices accommodating 31,000 employees, a 400-bed hospital and a huge transit station.
Healthy Surge
The Saudi health sector has witnessed an unprecedented boom, with the launch of various health centers in recent years, including 4 for cardiac catheterization, 7 for tumors, 3 for obesity and its diseases, 5 for behavioral and developmental disorders, as well as the launch of 4 surgical robots specialized in general surgeries and urology, the establishment of an artificial intelligence laboratory for health technology research, and the upgrading of health services provided by 600 health centers.
Work has also begun on the first robotic-mediated smart pharmacy at King Fahd Specialist Hospital in Tabuk.
In terms of educational services, Saudi Arabia has adopted many programs and plans to develop education and bring about a real renaissance in this vital sector. In this context, King Salman bin Abdulaziz decided to merge the Ministries of Education and Higher Education into one ministry in the name of the Ministry of Education. International universities, and provide jobs for scholarships after their return.
Saudi Arabia has also launched many qualitative initiatives to develop university education, such as the project to develop creativity and excellence directed at faculty members, support the construction of centers of scientific excellence and research in universities, and the development of scientific research centers in universities in various ways such as the development of scientific and technical parks.
Several initiatives have been launched to develop scientific research, such as the Center of Excellence and the Distinguished Planning Code, as well as the implementation of new university projects and educational facilities in the University City of Riyadh at a cost of more than 3 billion riyals.
Empowering women
During the last decade, Saudi Arabia has achieved social reforms, where women ’ s issues and rights are at the top of the concerns of the Saudi leadership, which has been keen to implement many reforms related to women ’ s affairs, paying great attention to the empowerment of women in all fields, through Vision 2030, which aims to raise the contribution of women in the labor market from 23% to 30% by 2030.
In his speech to the Shura Council on November 20, 2019, King Salman pledged to continue efforts to empower Saudi women and raise their participation rates in the public and private sectors, expressing his pride in increasing women ’ s economic participation rate from 19.4 percent by the end of 2017 to 23.2 percent by the end of the second half of 2019.
On December 12, 2015, Saudi women were on a date with a historic event happening for the first time in the history of the Kingdom, where the first municipal elections were held in which women participated as voters and candidates, during which 21 women won seats in municipal councils.
As part of the Kingdom ’ s keenness to empower Saudi women in the legislative and parliamentary fields, it was decided to increase the representation of women in the Consultative Council, which consists of 150 members, including 30 women, by 20 percent of the total members.
On September 26, 2017, King Salman bin Abdulaziz of Saudi Arabia issued a historic decision allowing women to obtain a driving license in accordance with Sharia regulations, and Saudi women began driving cars since June 24, 2018, in implementation of the historic decision issued by King Salman bin Abdulaziz.
In February 2019, Princess Reema bint Bandar was appointed as the Kingdom ’ s ambassador to the United States, becoming the first Saudi woman to hold this position, and in the same year, a royal decree was issued to appoint a batch of women to the rank of investigative lieutenant in the Saudi Public Prosecution.
Thirteen women have also been appointed to the new Human Rights Commission Council, representing half of its members, pursuant to an order issued by King Salman.
Countering terrorism
In mid-December 2015, Saudi Arabia announced the formation of a military coalition of 41 countries under its leadership to fight terrorism, and it was agreed to establish a headquarters for the coalition in Riyadh.
On May 21, 2017, Saudi Arabia launched the Global Center for Combating Extremist and Terrorist Thought (Etidal) in Riyadh, with the aim of countering terrorism and spreading tolerance and coexistence among peoples, in the presence of King Salman, US President Donald Trump, and leaders and heads of several countries.
On July 20, 2017, a royal order was issued to establish the Presidency of State Security in an important step on the road to the war on terrorism, and the agency works to combat terrorism security and intelligence, monitor its financing financially, as well as communicate with the relevant authorities externally.
On October 25, 2017, Saudi Arabia, in cooperation with the United States, established the Riyadh-based International Terrorist Financing Targeting Center.
Neom
During the last decade, Saudi Arabia has launched a large number of mega development projects, most notably the NEOM project, with total investments estimated at $500 billion, the Red Sea project, which includes the establishment of tourist resorts on more than 50 natural islands between the cities of Amlaj and Al Wajh, which extends on a coast of more than 200 kilometers in the Red Sea, as well as another project to redevelop the waterfront of Jeddah Corniche. Spark, with investments estimated at $1.6 billion, as well as the development and development of the petrochemical sector in Ras Al Khair Industrial City.
Other industrial cities were also established, such as Jubail and Yanbu.
The Prince Mohammed bin Abdulaziz International Airport project in Madinah is among the most important projects launched by the Kingdom in the last decade, with a capacity of more than 8 million passengers annually in its first phase, and is planned to accommodate more than 40 million passengers annually in the third phase.
Saudi Arabia has also been keen to complete many expansion projects for the Two Holy Mosques, through the launch of five projects for the expansion of the Grand Mosque in its third phase, which included squares, tunnels and the building for services.
In addition, the “Haramain Train ” project represents one of the most prominent and important achievements in this regard, especially as the train reduces the journey distance for pilgrims from Mecca to Medina.

How has Vision 2030 affected women's rights and workforce participation?

What are some of the key goals of Vision 2030 for society and economy?

allow recreational activities; Saudi women benefit from relaxed restrictions

What has MBS done since becoming Crown Prince in Saudi Arabia?

What new permissions have Saudi women gained under Mohammed bin Salman's rule?

Women's representation has increased to 20% in the Consultative Council and they hold positions in the Public Prosecution and Human Rights Commission.

How has Vision 2030 affected women's rights and workforce participation?

gender equality
Strengthened women's rights

What has MBS done since becoming Crown Prince in Saudi Arabia?

The Saudi Public Investment Fund is now a $2.5 trillion sovereign fund to promote economic diversification.

How does Vision 2030 aim to foster new industries and employment?

What are some of the key goals of Vision 2030 for society and economy?

What are the main goals of the 2016- launched Vision 2030?

To lessen reliance on oil.
To diversify Saudi Arabia's economy

The government has implemented initiatives to attract foreign investments and private sector involvement.

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Content: Arab News
Saudi Crown Prince: 2030 plan adopts huge reforms in various fields
Hamdi Abdullah - Cairo, 8 December 2022 12: 29 AM - Saudi Crown Prince Mohammed bin Salman bin Abdulaziz stressed the Kingdom ’ s leading role in stabilizing energy markets as part of its efforts to contribute to the stability and growth of the global and local economy.
In a speech on the Saudi budget, bin Salman said that the government ’ s success in addressing the risks of geopolitical changes and reducing their economic and social effects proves the strength of the Kingdom ’ s economy in the face of emergency challenges. He expected that the national strategy for industry will have a huge positive impact on the Kingdom ’ s economy, identifying more than 800 investment opportunities worth one trillion riyals.
He added that the Kingdom will continue to increase the attractiveness of the Kingdom ’ s economy as a base for domestic and foreign investments and diversify the economy by developing promising sectors.
He noted that the National Initiative for Global Supply Chains, which reinforces the Kingdom ’ s role as a key link, enhances the efficiency of global supply chains and will contribute to overcoming the challenges that affect the efficiency and growth of the global economy.
In addition to spending areas in general, the government is implementing a number of key initiatives that will contribute to enhancing the role of the private sector and attracting foreign investments that will help achieve ambitions and aspirations.
He pointed out that the 2023 budget is a continuation of the objectives of the Saudi Vision 2030, as it focuses on accelerating the achievement of results, as the government has succeeded in implementing several supporting initiatives and structural reforms to enable economic transformation and involve the private sector in the transformation journey.
He stressed that all the programs of Saudi Vision 2030 aim to enhance the quality of life of citizens, including increasing employment opportunities and improving the level of income, as well as developing the infrastructure of cities, and providing all services according to the highest international standards.
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To drive development in  financial services

What are some of the key goals of Vision 2030 for society and economy?

What are the main goals of the 2016- launched Vision 2030?

To attract foreign investment
To diversify Saudi Arabia's economy

What has MBS done since becoming Crown Prince in Saudi Arabia?

The economy grew significantly in 2021, with non-oil activities up 5.4% and the private sector up 11.1%.

Title:

Content: Economic Resilience and Sustainable Development
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The Kingdom adopts a comprehensive sustainable development policy and various economic reform concepts in order to achieve outstanding standards, objectives and results in all vital sectors that support GDP figures and increase the size of state revenues. The results achieved by the Saudi economy during 2023 are a reflection of the historic achievement it witnessed.
But it was different in the Saudi case first thanks to God, and then thanks to the wise guidance of the Custodian of the Two Holy Mosques King Salman bin Abdulaziz and the leadership of Crown Prince Mohammed bin Salman, the Prime Minister, Saudi Arabia experienced challenges that began with the collapse of the oil market in 2015, at a time when the structure of the national economy was unfavorable at best. However, Vision 2030 launched in 2016, which set fiscal balance as a visible goal, government transformation as a medium goal, and financial sustainability as a long-term goal.
During its recent session, the Council of Ministers affirmed that the results achieved by the national economy during 2023 and the development plans, programs and projects that have been achieved will have the greatest impact in promoting the comprehensive economic development process in various regions of the Kingdom. Saudi Arabia will have a positive impact on all economic variables in the medium term - by 2023 - provided that several issues are achieved, the first of which is to continue pursuing expansionary policy, with the growth of government spending, activating initiatives to stimulate the private sector and supporting small and medium enterprises and export activity. The plan, which was developed about eight years ago, is bearing fruit today, despite the health crisis that caused a major economic closure, but the Kingdom raised the slogan of preserving achievements and strengthening the economy with unlimited support, enabling the economy to overcome successive global crises and challenges, to continue its outstanding performance - according to the General Budget Report - recording the highest growth rate in the G20 countries during 2022. Its nominal value exceeded $1 trillion for the first time historically, and the GDP of non-oil activities for the first quarter of 2023 grew by 5.4 per cent, and continued its positive performance during the second quarter with growth of 5.3 per cent, confirming the success of the Kingdom's efforts to enhance the role of the private sector and economic diversification.
Hence, all these successes came at a time when the global economy is suffering major and real problems in the supply chains, with geopolitical ones that led to the suspension of exports in many countries of the world, yet the Saudi economy remained one of the three global economies achieving strong growth, along with India and China, and the inflation rate fell to 2.6%, at a time when the countries of the world suffer high inflation exceeded 6%.
These historic results have laid a solid foundation for the achievements of the Vision programs praised by the Council of Ministers. This is the second dimension of the statement confirmed by the Council. The labor market is witnessing positive developments in response to reform plans during the past years. The overall unemployment rate in the second quarter of 2023 fell to 4.9% compared to 5.1% in the first quarter. More than two decades.
This coincides with the continuous and rapid growth witnessed by the private sector and small and medium enterprises, the growth of foreign direct investments by about 14.3 billion riyals during the first half of 2023, and the increase in the number of investment licenses by 60.4% to reach about 3,456 licenses during the first half of the year. 4% of the total bank credit, which is the culmination of the government's programs aimed at increasing the percentage of citizens' ownership of housing.
The Cabinet also praised the progress achieved by government entities in the Digital Transformation Measurement Index 2023, and the Kingdom ’ s achievement in the second place among the 20 countries in the Telecommunication and Technology Development Index issued by the International Telecommunication Union (ITU) for 2023.
In summary: This economic strength has given the Kingdom wide capacity and flexibility to continue achievements and push forward the path to the future to achieve the goals and implement financial policies to expand spending levels. Total expenditures are expected to reach about 1251 billion riyals in 2024 and reach about 1368 billion riyals in 2026. To empower the private sector and stimulate the investment environment, and continue to improve the system of support and social subsidies, and because what the vision promised has been achieved historically since its inception, and the present is witnessing achievements, we stand on the threshold of a prosperous future, under wise and inspiring leadership.
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The unemployment rate is 4.9% and foreign direct investments have increased by $14.3 billion.

Saudi Arabia aims to increase the private sector's GDP contribution from 43% to 65% by 2030.

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Content: Partner Program
"Partner"...
Economic vision with creative features
Emil Amin
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At the beginning of March, the first package of major corporate projects to join the program to strengthen partnership with the private sector in the Kingdom of Saudi Arabia (Shrek) was announced.
In 2021, Saudi Crown Prince Mohammed bin Salman launched a partner program, one of the pillars of achieving the economic and development goals of the Kingdom ’ s Vision 2030, which aims to build a vibrant and prosperous private sector through a comprehensive development system that achieves the nation ’ s ambition by enabling its citizens to unleash their capabilities and energies, create a diversified and prosperous economy, and build a vibrant society in which everyone enjoys a healthy life.
Shrek was not the first program of its kind, as the Kingdom has launched many initiatives that support the private sector, such as national investment initiatives and the Public Investment Fund strategy.
Also, in preparation for the launch of a “partner ”, there was hard work in advance, through which the changes and reforms required for the Saudi economy were made, whether at the level of regulations or legislation and the structure of the infrastructure of the private sector.
What does the “partner ” program mean in the first place?
What are the mechanisms through which it is implemented?
It seems very clear that the goal is to activate the role of the private sector in the Kingdom, through the development of investments of up to $5 trillion.
The participation of the private sector in economic life is no longer a luxury, especially as the new mixed economy seeks a synergy between the public and private sectors, in the words of the famous English sociologist Anthony Giddens.
Tim Scott, a well-known American politician and businessman, argues that the world needs the private sector to create jobs, and that governments alone cannot, and if they had, communism would have been the most successful global economic system.
Shrek ’ s plan, which turned it into a rising and rising center, seems to be a creative addition in the way of diversifying the Saudi economy, and comes in line with the global trend that requires the multiplicity of paths of the economy and increase its paths.
This is becoming popular in major commodity producing countries because of its many benefits.
The number of companies in the first package of the "Shrek" program is about 28 companies, including 8 companies working on 12 projects at a cost of 192 billion riyals.
Shrek ’ s philosophy is to help companies that meet the qualification criteria to increase their investments, accelerate the pace of implementation of their projects and explore new investment opportunities through government support.
The calculation of the harvest will not be delayed.
In the foreseeable future, this package will have an economic and strategic impact on a number of economic sectors in the Kingdom, in addition to creating 65,000 new jobs.
Attention is drawn in the world of the Saudi economy, those confident and leapfrogging steps, which exceed the crises of the global economy, of stagnation and inflation, especially after the years of the pandemic « COVID-19 » on the one hand, or those created by the crisis of the Russian-Ukrainian war on the other.
This is due to the clarity of vision in the eyes of its maker, and the decisions held on the embers, those issued to facilitate communication between the various sectors of the state that serve the entire macroeconomy.
Since its inception, Vision 2030 has sought and continues to identify the challenges facing the private sector and has made joint efforts to remove obstacles to ensure that the private sector plays its vital role in driving economic development in the Kingdom.
Numbers do not lie and do not beautify, but give a good impression, which goes beyond words.
As for what is happening in the Kingdom, today the private sector contributes up to 43 per cent of GDP.
The rising Saudi dream does not stop, it dreams of hope and action, to reach a participation of up to 65 percent of GDP by 2030.
Those who follow the U.S. and Chinese economies around the world recognize the importance that bipolar governments place on the private sector.
America is working hard to incentivize the private sector to invest, boost domestic manufacturing efforts, and leverage it to create more jobs, and infrastructure investment laws have already helped stimulate the U.S. market.
A few days ago, China announced its intention to strengthen and develop the private sector and private companies, contribute to their development and expansion, and its intention to participate in supporting micro, small and medium enterprises and self-employed individuals.
Those who question the secret behind the Saudi economy ’ s recent boom will find the answer in the minds that shape the kingdom ’ s economic plans, which are making huge successes day after day in sectors outside the context of the oil-dependent rentier economy, as has been the case in recent decades.
A recent survey showed that non-oil business activity in Saudi Arabia rose to its highest level in eight years in February, based on a strong increase in demand and an optimistic economic outlook.
According to Bloomberg, the kingdom ’ s non-oil GDP grew at the fastest pace since 2021.
In this context, it was natural for Moody ’ s credit rating agency to adjust its forecast for real GDP growth in Saudi Arabia by increasing in 2023 and 2024.
* Quoted from the Middle East newspaper
Disclaimer: All published articles represent the opinion of their authors only.
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What are some of the key goals of Vision 2030 for society and economy?

What are the main goals of the 2016- launched Vision 2030?

To lessen reliance on oil.
To diversify Saudi Arabia's economy

What has MBS done since becoming Crown Prince in Saudi Arabia?

The government has made significant progress in achieving Vision 2030, with non-oil revenues now contributing 50% to the country's GDP.

Title:

Content: Vision 2030
Energy in Saudi Arabia 8 years after the launch of the vision
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Faisal Al-Fayeq
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The 25th of April is the date of the launch of the Saudi Vision 2030. If we compare the vision to a journey, we have successfully completed the take-off phase with economic reforms and structural changes to achieve the vision ’ s goals and strategies. We will start the gradual decline phase to complete the vision in record time.
I was invited and had the privilege of attending on this historic day, and we do not forget what Crown Prince Mohammed bin Salman said when he presented us with the vision of the present for the future, a vision that reflects the aspirations of all of us and reflects the capabilities of our country, and it became clear that many achievements and successes have been achieved after 8 years of its launch and even before the arrival of 2030.
Saudi Vision 2030 focused on preparing the Kingdom to assume its position in the world of tomorrow as one of the strongest economies in the world, and do not forget the “treatment of oil addiction ”, which was said by His Highness Crown Prince Mohammed bin Salman and we saw it on the ground as a result of efforts launched eight years ago.
With the implementation of the goals of Vision 2030 and the economic correction to reduce dependence on oil as the only source of income, our ambitious vision came with achievements on the ground that qualify us to progress among the 20 strongest economies in the world.
The Kingdom ’ s budget came after the dawn of the vision of a gradually less reliance on oil and prevention of price fluctuations, where reliance on oil price estimates was mainly when estimating financial budgets previously.
Non-oil revenues are the treatment prescribed by His Highness the Crown Prince for the treatment of oil addiction, after the launch of Vision 2030, some ministries and government bodies were restructured in line with the objectives and strategies of this vision.
Indeed, we have seen oil prices decline to negative during the peak of the pandemic, underscoring the crown prince ’ s vision that we cannot rely on a single source of income and must diversify economically.
Non-oil activities in Saudi Arabia during 2023 recorded their highest contribution to the Saudi GDP ever at 50%, based on data from the Ministry of Economy and Planning issued by the General Authority for Statistics, which reflects the success of achieving comprehensive economic reforms on the ground.
– Achievements of the energy sector in Saudi Arabia eight years after the launch of the Kingdom ’ s Vision 2030
With the Kingdom ’ s Vision 2030 leaps in quality, structural changes and enhanced transparency, there is an unprecedented awareness among citizens, who have gone from being recipients of energy information to participating in its dialogues. This shift is in the interest of the sector as the global energy media no longer plays the main role in broadcasting their ideological agendas without resistance or analysis.
Since the establishment of the Ministry of Petroleum and Mineral Resources in the Kingdom of Saudi Arabia in 1960, HRH Prince Abdulaziz bin Salman, since assuming the Ministry of Energy on September 8, 2019, has achieved great achievements and even turned the challenges into historic achievements:
* * Turning the September 14, 2019 attacks on the Abqaiq and Khurais oil facilities from disasters to achievements, after the return of production in record time stunned the world, with the sustainability of oil prices regardless of the largest attack on oil facilities in history.
* * Agreement on the return of production from the divided zone with Kuwait
* * Announcement of the development of the giant Jafoura gas field
* * Agreement to start the implementation of the electricity interconnection project with some neighboring countries
Opec Plus led to biggest production cut in history
The kingdom has saved the world economy in dire straits after leading OPEC and non-OPEC producers to agree on the biggest oil production cut in history and the OPEC + agreement is about to enter its ninth year in a row.
The Kingdom led OPEC + producers to agree on the largest production cut in the history of oil production by reducing 9.7 million barrels per day to absorb the biggest shock of the decline in demand for oil and its derivatives due to the impact of the Coronavirus outbreak to respond quickly to market changes and the decline in global oil demand due to the outbreak of Coronavirus and the need to contain the largest demand shock.
* * Historic success of Saudi Aramco, the world ’ s largest integrated energy company
Four years since Aramco ’ s launch at the end of 2019 have been among the files covered by the Vision ’ s reforms, and this goes beyond the materialistic perspective – which many believe – given the Kingdom ’ s position as the most reliable supplier of oil and the key factor for the stability of the global economy.
Despite the systematic external media attack against the Saudi Aramco IPO and the unfair evaluation of its market value over three years before the IPO, the Saudi Aramco IPO succeeded and achieved this vision and strategy and the vision of the Custodian of the Two Holy Mosques King Salman bin Abdulaziz and Crown Prince Mohammed bin Salman at the stage where the IPO is considered appropriate.
The inclusion of the vision reforms to introduce a small part of “Saudi Aramco ” came at a pivotal time needed by the company to secure its future because it is no longer an isolated system from its external environment and far from continuous monitoring and evaluation, and finally opened the black box as promised by His Highness the Crown Prince.
The launch of a small part of Saudi Aramco came to ensure the sustainability of this giant with the required vitality and efficiency, and this can only be achieved by appearing as a normal commercial company with announced financial statements and a professional management leadership fully aware that there are those who follow them accurately, and an independent board of directors and a public association evaluate and follow up.
Aramco is the most profitable and the least lost during the pandemic
In 2020, IOCs suffered heavy losses that affected future investment in infrastructure by reducing capital spending for exploration and exploration, but this was not the case for Saudi Aramco, which kept infrastructure investments going for key projects.
Aramco ’ s exceptional financial performance is clearly reflected in the fact that Aramco ’ s investors are the safest not only in normal times, but also in crises, after Saudi Arabia proved to be exceptional in crises.
The company has shown similar resilience in recovering from the impact of the COVID-19 pandemic, which has had a catastrophic impact on the energy sector and the global economy.
Amid sharp price fluctuations, its stock remained remarkably stable.
Construction of the world ’ s largest hydrogen plant in NEOM
This will be the world ’ s largest utility-scale commercial facility powered by renewable energy to produce ammonia, green hydrogen, solar and wind energy sources, producing 100% clean energy to power NEOM, not only to reach zero carbon emissions, but also to achieve a circular economy.
Also from the achievements of energy after the launch of the vision:
Saudi Arabia ’ s Realism of Leading the World with Effective Theses of Climate Change
The Kingdom has always been known for its honorable positions and realistic solutions that take into account the interests of all. Unlike the fallacious and unrealistic road map towards zero neutrality developed by the International Energy Agency and adopted by some leaders of industrialized countries without any realism and by placing obstacles to all fossil energy sources, Saudi Arabia has moved in the field of climate change and emissions reduction with a diversified model of energy sources of oil, gas, wind, solar and hydrogen. Other countries have all this diversity of energy sources such as the Kingdom.
Saudi Arabia ’ s initiatives are developing technologies to achieve zero neutrality by 2060 – the initiative launched by His Highness the Crown Prince comes to protect the climate and the environment, which must be taken seriously at UN climate change conferences.
At a time when climate change theorists and fossil fuel demonizers have raised issues of environmental pollution and addressed global warming with unrealistic studies to reduce emissions by simply launching worthless slogans, the Kingdom has introduced real initiatives that began to impact in many regions of the Kingdom even before the launch of the Saudi Green Initiative, through a circular carbon economy with a commitment to adapt to future local, regional and global energy needs.
The Kingdom is beginning a more serious phase in working with the international community to protect the planet and face climate change, culminating in the Green Middle East Summit, which was the first to work in the fight against climate change by contributing to the purification of the lung of the world, which no one has provided effective solutions to purify it, while the Green Saudi Forum came with a package of realistic targets.
The World Economic Forum has defined “energy poverty ” as the inability to access sustainable modern energy services and products.
Saudi Arabia is focusing on the importance of finding realistic solutions to combat “energy poverty, ” an approach we don ’ t hear from major industrialized countries, especially those battling fossil fuels.
The term “energy poverty ” means the lack of access to adequate, affordable, reliable and safe sources of energy to support development.
Insufficient energy means the impossibility of developing agriculture and industrialization, thus keeping poorer countries trapped in a vicious cycle, contributing to malnutrition, unhealthy living conditions, and limited access to education and employment.
Saudi Arabia emphasizes the importance of combating “energy poverty, ” an approach we do not hear from the major industrialized countries, as insufficient energy means that it is impossible to develop agriculture and industry, thus keeping the poorest countries trapped in a vicious cycle of poverty and hunger.
Eliminating fossil fuels requires flexible thinking rather than a one-size-fits-all approach, the goal being to balance sustainable development with the needs of each economy, while unifying the goal should focus on reducing emissions rather than eliminating fossil fuels.
States also have the right to choose the methodology that suits their capabilities and interests, which is a realistic approach because each State has its own circumstances, and what works for one State may not work for another.
Driven by population growth, especially in the Middle East, Africa and Asia, the solution is not to stop using hydrocarbon resources and fighting oil, but through the application of carbon recycling strategies and techniques, thus providing a global approach to international policies in relation to all economies, including developing ones.
* Quoted from the Saudi newspaper "Mal".
Disclaimer: All published articles represent the opinion of their authors only.
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What are some of the key goals of Vision 2030 for society and economy?

What are the main goals of the 2016- launched Vision 2030?

To lessen reliance on oil.
To diversify Saudi Arabia's economy

What has MBS done since becoming Crown Prince in Saudi Arabia?

Saudi Vision 2030 has achieved 50% of its objectives ahead of schedule.

Title:

Content:
The Importance of Reprogramming Reforms and Development
The reform and comprehensive economic development processes and programs are based on many elements, foremost of which is that they are characterized by dynamism and vitality compatible with the variables of the time stages they are going through, and the absence of such a pillar would undermine the usefulness of any of these programs and initiatives for sure.
This is why reform and development programs are armed since their inception with the pillar of "governance" based entirely on auditing and accounting, and also reach accountability in the event of any irregularities, and the utmost importance of governance is higher in the case where reform programs are characterized by a long period of time, which carries higher rates of economic changes and developments, etc., beyond the initial vision at the beginning of the period. Review and reprogram targets and allocate resources and efforts in line with these changes and recent developments, and then complete the process of achieving programs and initiatives.
It is precisely the methodology of implementing and achieving the programs and initiatives of Saudi Vision 2030, which managed to achieve a large part of its strategic objectives even before the end of the period before the end of 50% of its estimated time, despite the major challenges witnessed by the global economy in 2020 and the consequent adverse effects unprecedented in more than 4 decades. But global inflation, rising debt, slowing economic growth, and rising unemployment are all the more volatile and disruptive world trade, caused either by trade wars between major economies or by frequent disruptions to supply lines.
Variables and sudden crises will also leave behind new trends in the course of the global economy and markets around the world and economic, monetary and investment policies, which in turn requires the organs based on the design of any economic, financial and monetary policies to adapt their work in accordance with these variables, otherwise they will lag far behind to face them, and fall later in bigger crises than what is currently in front of them, or they may miss to exploit opportunities A new one that has grown up and not improved.
The final part is precisely what government agencies mean locally in partnership with the private sector, as the national economy does not suffer most of the challenges and crises facing developed countries, due to the strength and stability it enjoys, and was one of the most important fruits of the reform of Saudi Vision 2030 about eight years ago, which prompted it to think about the best investment opportunities to stimulate more sustainable growth and stability. It has made greater strides even before reaching its due dates, and its indicators in this regard are numerous at the level of financial sectors, the labor market and the various activities of the national economy, which enabled it to withstand the many crises and sharp fluctuations that hit many economies around the world during and after the global pandemic "COVID-19" as the earliest example.
Change and development is a key part of the Saudi Vision 2030 methodology, and it is the dynamic axis that it has been armed with since the first day it was launched, and with its presence and work to activate it from time to time, the vision will remain more alive and responsive to the requirements of the time period it passes, and will certainly push it to achieve the desired success and translate its objectives on the ground.
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The reform programs ensure accountability through auditing and accounting.

What has MBS done since becoming Crown Prince in Saudi Arabia?

The Kingdom has a strong role in international cooperation and a solid financial system due to ongoing economic reforms.

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Content: ECONOMY
Saudi Arabia reaffirms commitment to international cooperation to combat illicit financial flows
Thank you for reading the news confirming its commitment to international cooperation to combat illicit financial flows and we assure you that we always seek to satisfy you and now with the details
Saudi Arabia has affirmed its commitment to international cooperation to combat illicit financial flows and promote good practices on the recovery of financial assets, stressing that the programs and initiatives of the Kingdom ’ s Vision 2030 contribute to enhancing transparency, developing policies and procedures and bridging the gaps from which corruption can be implemented.
This came in the Kingdom ’ s speech during the general debate on the item « macroeconomic policy questions (18) », within the work of the Economic and Financial Committee (second) during the 76th session of the United Nations General Assembly, delivered by the President of the Economic and Financial Committee in the Kingdom ’ s Permanent Delegation to the United Nations Reem Al-Omair.
The Kingdom is keen to harness its potential and resources in the service of humanitarian causes, in full cooperation with the United Nations, its agencies and organizations and the international community.
International cooperation
She pointed out that the Kingdom has an important role in international cooperation and support for countries, where during its presidency of the G20 in 2020, and in light of the spread of the COVID-19 pandemic, it was able to work to unite and coordinate efforts globally. economic.
The Kingdom has also embarked on ongoing economic reforms, which have contributed to the establishment of a strong and flexible financial system in the Kingdom, and has been able to take strong and decisive measures to ensure that the negative economic effects of the epidemic are absorbed.
Anti-corruption
Based on the Kingdom ’ s awareness of the impact of corruption economically and security on any society, the Kingdom has taken strong and resolute steps to combat corruption, and the Kingdom attaches great importance to combating corruption of all kinds, providing support to the competent authorities and committees in the Kingdom to combat corruption, and enacting strict regulations and legislation to address corruption.
Believing in the importance of international cooperation in combating corruption, the Kingdom launched the Riyadh initiative to establish a global network of law enforcement authorities concerned with combating corruption Network "GlobeE" and exchange information between anti-corruption agencies around the world, and the Kingdom provided $10 million to establish the global network, which is a continuation of cooperation and support international efforts in tackling corruption.
Attracting Investments
She pointed out that the Kingdom attaches great importance to the sustainable development goals, and has taken effective steps to implement the 2030 Agenda for Sustainable Development, which is approved by the United Nations, in line with the national development plans, through various programs, initiatives and projects that fall under the Kingdom ’ s Vision 2030.
The strategy will contribute to economic growth, diversification and sustainability, increase efficiency between the public and private sectors, improve the business environment and enhance its attractiveness, empower investors, provide financing solutions, raise competitiveness, and develop investment opportunities in promising economic sectors. The foreigner.
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What has MBS done since becoming Crown Prince in Saudi Arabia?

The 2022 reforms expanded the national economy and reduced unemployment to its lowest level since 2016.

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Saudi Arabia was not the same before 2016 after this year, the difference between them is large, this difference is touched by the citizen at home, and noted by the observer and specialist abroad, this year, the Kingdom announced Vision 2030, which left nothing in the country, but allocated programs and qualitative plans, aimed at developing, modernizing and rebuilding it again.
The vision, which was blessed by the Custodian of the Two Holy Mosques King Salman bin Abdulaziz and formulated with the competence of Crown Prince and Prime Minister Prince Mohammed bin Salman, using modern youth thought, succeeded in the birth of a strong and solid homeland, which enjoys all the elements of sustainability and progress, which make it an example among countries in the determination and will to make the impossible in an unstable world, as if boiling over a hot plate.
After seven years of the vision, we can confirm that the qualitative achievements on the ground, which affected all the joints of the state, are many and multiple, came as a result of strenuous efforts and hard work, supervised by the Crown Prince, who followed every small and large, within a government work cell, carried out by the sons of the homeland, who supported all the vision, and were keen to keep pace with the global changes and the times.
The last year (2022) witnessed more achievements of the vision, in many areas, within a rapid and successive pace of change, with the expansion of the reforms in the structure of the national economy, and the reconstruction of the national economy, with a package of more details, including doubling the number of small and medium enterprises in the national economy, reducing unemployment among the citizens, and reaching its lowest levels since 2016. Weakness since 2016, in fulfillment of a promise launched by the vision early, to reduce dependence on the income of the oil sector, as well as programs to empower women, and open the way for them to prove themselves in the journey of development and prosperity witnessed by the country, beside her brother man, and solve the housing crisis, depending on the private sector, to programs and initiatives to preserve the environment pure and free from pollution, and many other achievements.
These successes have contributed to strengthening the firm belief of every citizen that the vision has become a journey towards a future full of serious opportunities for the ambitious and creative youth of the Kingdom, with the aim of building a prosperous and promising future through achieving economic growth and improving the quality of life.
The first station focused on changing the mental image, enhancing efficiency, and laying the foundations for government empowerment, where it had a key role in policy and implementation, and we have reaped a lot of the fruits of that station.
We are now in the second phase to maximize the impact of the vision and move on to the third phase, which will focus on sustainability and achieving sustainable results.
Tomorrow, we will celebrate once again the fulfillment of more of the promises made by the vision, to reach a model homeland, where all who live on its land enjoy the prosperity and progress required, especially after the completion of major projects launched by the Kingdom, and will be supportive of the national economy.

What has MBS done since becoming Crown Prince in Saudi Arabia?

The country has reduced its dependence on oil and implemented programs to empower women.

How has Vision 2030 affected women's rights and workforce participation?

gender equality
Strengthened women's rights

What are some of the key goals of Vision 2030 for society and economy?

What are the main goals of the 2016- launched Vision 2030?

What has MBS done since becoming Crown Prince in Saudi Arabia?

Ministries have been restructured and merged, with non-oil revenues reaching 457.728 billion riyals in 2023.

Title:

Content: Saudi Arabia in 8 years.
Unleashing latent forces
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Member of the Financial and Economic Committee - Shura Council
Under the guidance of the Custodian of the Two Holy Mosques King Salman bin Abdulaziz, Crown Prince Mohammed bin Salman, Prime Minister and Chairman of the Council of Economic and Development Affairs, set the Saudi Vision 2030 to become an inspiring approach and a new path for the Saudi economy away from the five-year development plans.
Saudi Vision 2030 was a challenge in itself, in its philosophy, in the skills required to achieve it and the necessary contexts to implement it, so the early years of the vision required extensive reforms in public sector governance and structure with many reforms in regulations and legislation, to the extent that any enthusiasm was weakened.
The National Transformation Program (NTP) was the most exciting and accurate program, not because it was a development of government work and the infrastructure needed to achieve Saudi Vision 2030, but because of the new concepts added to government work in Saudi Arabia such as increasing spending efficiency, developing non-oil revenues, achieving fiscal balance, empowering women and enhancing their participation in the private and public sectors. Independent such as the Spending Efficiency Commission, the Non-Oil Revenue Development Center, and the Performance Measurement Center, also required restructuring of the ministry and merging a number of them, such as merging the Ministry of Housing with the Ministry of Municipal Affairs, and merging the Ministries of Civil Service and Labor and Social Development.
Today, after eight years, non-oil revenues reached record numbers in 2023 by more than 457.728 billion riyals, an annual increase of 11%, after it did not exceed 180 billion in 2016, with spending growing from 825 billion in 2016 to reach 1.275 trillion riyals in 2023. Total Saudis reached 7.7% for the fourth quarter of 2023, and the unemployment rate for Saudi women decreased by 13.7%, which is staggering figures, where the unemployment rate exceeded 12.3% and the female unemployment rate 34.5%. This synchronization did not come from a vacuum or coincidence, but reflects the work, great effort and wise management to achieve the objectives of the vision. Therefore, the figures attested to the achievement with the percentage of local content in government procurement reaching 40.14%, and the percentage of correct inclusion of local content requirements in government competitions reached more than 83%. An increase of 42.4%, the number of rapidly growing enterprises reached 1,640, of which 105 are classified among large companies, a remarkable growth that highlights the new role played by the private sector and the encouragement it finds with the emergence of new bodies such as the AlUla Development Authority, the Small and Medium Enterprises Authority, and the Saudi Business Center. Completely.
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What are some of the key goals of Vision 2030 for society and economy?

What are the main goals of the 2016- launched Vision 2030?

To lessen reliance on oil.
To diversify Saudi Arabia's economy

What has MBS done since becoming Crown Prince in Saudi Arabia?

Saudi women's unemployment rate has decreased by 13.7% and local content in government procurement is now 40.14%.

What are the main goals of the 2016- launched Vision 2030?

What has MBS done since becoming Crown Prince in Saudi Arabia?