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Last Updated:
2024-05-15 01:32:07

Saudi Vision 2030

Saudi Vision 2030
Saudi Vision 2030
Saudi Vision 2030 is a government program by Saudi Arabia aiming for economic diversification. Despite efforts, the country remains heavily reliant on oil revenue.
2002
Saudi Arabia ranked third-happiest country in the Arab World in the 2002 World Happiness Report
In 2002, Saudi Arabia was recognized as the third-happiest country in the Arab World according to the World Happiness Report, attributing this ranking to the transformative impact of Vision 2030 on social conditions and basic amenities like housing, health, and education.
2015-12
McKinsey Study on Healthcare and Retail Sectors
A December 2015 McKinsey study influenced the Saudi Vision 2030 project, highlighting the need to increase the number of Saudi nationals in healthcare and retail sectors through reforms and foreign investment.
2016-04-25
Launch of Saudi Vision 2030
Saudi Vision 2030 is a government program initiated by the Kingdom of Saudi Arabia to enhance economic, social, and cultural diversification in alignment with the goals of Crown Prince Mohammed bin Salman. It aims to reduce the country's reliance on oil revenue.
2016-06-07
Approval of National Transformation Program
The Council of Ministers approved the National Transformation Program in 2016, setting goals and targets to be achieved by 2020 as part of Vision 2030.
2016-08-02
Saudi Vision 2030 Announcement
Deputy Crown Prince Mohammed bin Salman introduced Saudi Vision 2030, a comprehensive economic reform plan aimed at privatizing sectors, increasing non-oil revenues, and addressing youth unemployment in Saudi Arabia.
2017-04-24
Establishment of Vision Realization Programs
To achieve the strategic objectives of Vision 2030, thirteen Vision Realization Programs (VRPs) were launched by the Council of Economic and Development Affairs (CEDA) on 24 April 2017. These programs cover various sectors like quality of life, financial sector development, and national transformation.
2018-10-11
Richard Branson suspends advisory role for Saudi tourism projects
Richard Branson announced the suspension of his advisory role for two massive tourism projects along the Red Sea in Saudi Arabia due to the Jamal Khashoggi murder, also halting talks with the Saudi government about investment in Virgin Galactic.
2018-10-23
Future Investment Initiative in Riyadh
The annual investment forum organized by the Public Investment Fund faced controversy and withdrawals from international companies and major media houses due to the Kingdom's alleged involvement in Jamal Khashoggi's murder.
2019-03-19
Launch of Sports Boulevard in Riyadh
The Sports Boulevard, a large-scale linear park in Riyadh, Saudi Arabia, was launched by King Salman on March 19, 2019. It is a significant project supervised by the Sports Boulevard Foundation.
2019-09-27
Saudi Arabia Announces Tourist Visa
On 27 September 2019, Saudi Arabia officially introduced the tourist visa, allowing visitors from 49 countries to stay up to 90 days for a fee of $80. This initiative aimed to boost tourism and support the goals of Saudi Vision 2030.
2020-01
New Racing Circuit in Qiddiya
In January 2020, Saudi Arabia revealed plans to construct a new racing circuit in Qiddiya, designed by former Formula One driver Alexander Wurz, with the goal of hosting F1 or MotoGP events by 2023.
2020-11
Development of Jeddah Circuit for Saudi Arabian Grand Prix
In November 2020, it was announced that a circuit was being built in Jeddah to host the inaugural Saudi Arabian Grand Prix in 2021.
2021-01
Salma al-Shehab Sentenced to 34 Years in Prison
In January 2021, Salma al-Shehab, a Ph.D. student of Leeds University, was detained in Saudi Arabia for her Twitter activity and sentenced to six years in prison. The sentence was later increased to 34 years, along with a 34-year travel ban and other penalties.
2021-10
Jeddah Central Project Demolition and Eviction Plan
In October 2021, Saudi authorities initiated a large-scale demolition and eviction plan for the Jeddah Central Project affecting 558,000 people in over 60 neighborhoods. Residents were notified about evictions with short notice, and state media spread narratives about the residents being undocumented and neighborhoods being plagued with issues.
2022-01
Compensation Scheme for Jeddah Central Project Evictions
In January 2022, Saudi authorities announced a compensation scheme for the residents affected by the Jeddah Central Project demolitions. However, the scheme did not cover foreign nationals who accounted for 47% of those evicted, leading to concerns and complaints about the destruction of communities and affordability of alternate housing.
2022-04
Appointment of Jayne McGivern as CEO
In April 2022, Jayne McGivern was appointed as the CEO of the Sports Boulevard Foundation. This appointment signifies a new phase in the development and management of the project.
2022-07
The Line Project Announcement by Mohammed bin Salman
In July 2022, Mohammed bin Salman unveiled plans for The Line, a 105-mile-long linear city as part of Neom project. The futuristic design incorporating flying cars and robotic maids faced criticism for its potential environmental impact and concerns about completion within the proposed timeline.
2023-11-24
Saudi Arabia's Accelerated Progress in Vision 2030
Saudi Arabia is ahead of schedule in implementing Crown Prince MBS' Vision 2030 plan, showing significant progress towards its goals.
2023-11-26
UK Minister Praises Saudi Vision 2030
The UK's Minister for Business and Trade expresses excitement and positivity towards Saudi Vision 2030, highlighting its potential impact.
2024-09
King Abdullah International Gardens (KAIG) Project Completion
The King Abdullah International Gardens project in Riyadh, Saudi Arabia, is set to be completed by September 2024. The project aims to be a significant educational resource for understanding climate change and sustainable development.
2030
Vision 2030
Vision 2030 is a strategic framework aimed at reducing Saudi Arabia's dependence on oil, diversifying its economy, and developing public service sectors. It includes various social and economic reforms to transform the country and achieve sustainable growth.
2032
Potential Economic Boost from Women's Workforce Participation
Standard & Poor's global ratings anticipate that the growing involvement of women in the Saudi workforce could potentially boost the Saudi economy by $39 billion, equivalent to 3.5 percent, by 2032. This highlights the positive impact of increased female participation in the economy.
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Saudi Vision 2030

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Saudi Vision 2030

Saudi Vision 2030
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