A look at Vision 2030 national strategies
The Kingdom of Saudi Arabia's flag
Saudi Vision 2030 is set to witness the completion of its second phase (2021–2025), which witnessed significant growth and opened up numerous opportunities across various sectors.
Vision 2030 continued to drive progress and expand transformational efforts, with a focus on maximizing value in priority sectors through the development of 13 long-term national strategies.
According to the Saudi Vision 2030 annual report, these sectoral and regional strategies serve as vital tools for implementing the relevant goals. They contribute to sustainable growth and guide long-term economic transformation. The strategies focus on developing key sectors and regions, collectively ensuring nationwide prosperity.
Since its launch in 2016, Vision 2030 laid the foundation for development through Vision Realization Programs (VRPs) and strategic initiatives that aimed to implement structural reforms and improve the business environment.
Over years, the need arose to unlock promising potential across various sectors and regions. This led to the development of specialized national strategies that further advanced the Kingdom’s comprehensive transformation journey, contributing to economic diversification and delivering socioeconomic benefits across the nation.
The newly launched strategies include the National Transport and Logistics Strategy, the National Industrial Strategy, the Integrated Strategy for Mining and Mineral Industries, and the National Investment Strategy.
Highlights of the 13 National Strategies |
|||
Strategies |
Launch Date |
Definition |
Objectives |
Integrated Strategy for Mining and Mineral Industries |
2018 |
The Integrated Strategy for Mining and Mineral Industries focuses on optimizing investment in vast mineral resources and establish the mining sector as a third pillar of national industrial development alongside oil and petrochemicals. It focuses on conducting geological surveys, discovering promising opportunities, and providing incentives to attract local and international investors. The strategy also gives special attention to developing mining supply chains to ensure Saudi mineral resources support local industries and enhance their integration with global markets. |
- Accelerate exploration and prospecting operations. - Enhance economic feasibility of mining projects. - Encourage investment and ownership. - Promote social benefits through responsible practices. - Increase the sector's contribution to state revenues. |
The Comprehensive Real Estate Sector Strategy |
2020 |
It serves as a roadmap to build a modern, sustainable real estate sector that is responsive to rapid shifts and evolving challenges. It aims to enhance the sector’s growth potential amid rising demand for residential and commercial developments across Saudi cities. The strategy focuses on market regulation through improved governance, greater transparency, and the provision of accurate data to boost market efficiency and attractiveness.
It also promotes innovation and the adoption of advanced construction and design technologies, empowering the private sector and creating new investment opportunities. In turn, this will help deliver high-quality real estate products and generate new job opportunities. |
- Establish a well-regulated real estate sector. - Ensure long-term sector sustainability and empowerment. - Build a dynamic, trustworthy, and investor-friendly market. - Enable innovative services and partnerships across the ecosystem. |
Labor Market Strategy |
2020 |
This strategy aims to create an attractive, dynamic work environment for local and global talents. By fostering productive employment opportunities and ensuring decent living standards, this strategy supports Vision 2030's objectives of building a prosperous and diverse economy. |
- Reducing unemployment and increasing workforce participation. - Increasing productivity across industries. - Expanding market participation through inclusive polices. - Improving labor market efficiency to boost economic growth. |
National Transport and Logistics Strategy |
2021 |
It builds on the Kingdom's strategic location, which passes through the most important waterways and connects three continents. It works to solidify its position by developing advanced infrastructure, improving logistics operations efficiency, attracting investments, and empowering the private sector. |
- Strengthen the Kingdom's position as a global logistics center. - Improve quality of life across Saudi cities. - Contribute to achieving general budget balance. |
Asir Region Development Strategy |
2021 |
It seeks to position Asir as a year-round global tourist destination, balancing economic growth with cultural and environmental sustainability.
It aims to transform the region into an inspiring model for development while preserving its heritage and natural beauty. |
- Develop Asir’s economy and raise its contribution to GDP. - Build a cohesive society with a strong development trajectory. - Preserve the region's heritage and culture. - Enhance environmental sustainability and protect natural landscapes. |
National Investment Strategy |
2021 |
It builds on the Kingdom's strengths by focusing on sectors with national priority. It aims to enhance the Kingdom's attractiveness by increasing foreign investment, and maximizing the private sector's role in driving economic growth. |
- Increase investment opportunities. - Increase contribution of targeted investor categories Contribute to raising non-oil GDP. - Enhance the investment attractiveness by making it more competitive. - Stimulate financing activity by diversifying investment financing options. |
Custodian of the Two Holy Mosques Scholarship Program Strategy |
2022 |
It reflects the Kingdom's commitment to develop national competencies by supporting students to attend the top 30 global educational institutions and enabling research and innovation.
This aims to enhance the competitiveness of national talent by enabling them to acquire the knowledge and skills required to meet the demands of the labor market. |
- Educate and prepare scholarship students for academic and professional success - Create future leaders of society Enhance the global competitiveness of Saudi talent - Ensure students' readiness to integrate into the labor market |
Financial Technology Strategy |
2022 |
It serves as a cornerstone for innovation as it leverages technology in the financial sector, fostering new business models, applications, and solutions that significantly enhance financial services for both individuals and businesses. |
|
National Gaming and Esports Strategy |
2022 |
It represents an integrated investment in the industry, fostering innovation across the entire value chain. It focuses on harnessing youth potential, boosting the economy, and creating new job and investment opportunities. |
- Advance gaming technologies and hardware development - Strengthen the e-sports ecosystem - Expand game production and distribution - Maximize intellectual property value in broadcasting rights |
National Industry Strategy |
2022 |
It aims to lead the development of industrial sectors in the Kingdom, aligning them with the global trends supporting the achievement of national goals, serving as a key pillar in building a thriving economy. |
- Build a resilient national industrial economy capable of adapting to changes - Strengthen the attractiveness of the industrial sector in attracting investments. - Develop non-oil GDP to diversify the economy. - Increase the volume of non-oil exports to strengthen international trade. |
National Biotechnology Strategy |
2024 |
It seeks to enhance the Kingdom's position in the biotechnology sector by focusing on improving national health, raising quality of life, protecting the environment, and achieving food and water security. It also targets localizing promising industries related to the sector and benefiting from the resulting economic opportunities |
- Transform the Kingdom to a regional and global leader in the sector. - Create a sustainable positive economic and social impact. - Contribute to achieving economic growth and diversification. - Contribute to improving overall quality of life. - Localize biotechnology industries. |
National Red Sea Sustainability Strategy |
2024 |
It focuses on protecting the Red Sea ecosystem and supporting cooperation frameworks for its sustainability, while also empowering communities and promoting the transition to a sustainable blue economy. This contributes to economic diversification and achieves national priorities related to the research, development, and innovation sector, including environmental sustainability. |
- Ensure the long-term environmental sustainability of the Red Sea ecosystem. - Enhance social development and community engagement. - Drive economic growth through sustainable marine industries. - Strengthen marine safety, security, and risk management. - Improve governance and international collaboration. |
Transformation Strategy for the Institute of Public Administration |
2024 |
It aims to develop the capacity and capability of government leaders, providing high impact training to meet public sector needs, drive innovation, and support digital transformation. |
- Provide high-quality training for public sector employees. - Support administrative leaders to enable them to drive change. - Enhance training quality and capacity. - Deliver consulting and applied studies to improve organizational performance. - Offer complementary services to ensure financial sustainability. - Measure the impact of training and increasing the return on training. - Build an integrated system for administrative leaders through the Academy for Developing Administrative Leaders. - Focus on value-added consulting services Offer complementary services to ensure financial sustainability. |
The report also notes that the upcoming phase will witness the launch of additional national, sectoral, and regional strategies, enabling Saudi Arabia to stay ahead of emerging opportunities.
Comments {{getCommentCount()}}
Be the first to comment
رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}
{{comment.DisplayName}}
{{comment.ElapsedTime}}