Annual report of the Kingdom of Saudi Arabia’s Vision 2023
Since its launch, Saudi Vision 2030 has been committed to achieving sustainable development and anticipating the future according to long-term plans, as the Kingdom’s Vision 2030 has committed to achieving sustainable development and anticipating the future.
May male and female citizens enjoy prosperity and well-being
In light of this; The Kingdom witnessed a prosperous year, relying on strong foundations for success, represented by national capabilities, diverse wealth, and unlimited investments, mixed with a deep belief from the Kingdom’s government in the ability of the sons and daughters of this country to achieve their dreams and ambitions. Thus achieving comprehensive development at various levels. During the journey of Saudi Vision 2030 in developing major and new sectors, the impact of transformation appeared quickly in several sectors from the first years. Sectors such as entertainment, sports, tourism, culture, and digital services, in addition to societal transformation and community empowerment, have witnessed a remarkable recovery. On the other hand, there are sectors that require a longer period of reform to achieve accelerated growth, such as the mining sector, which took seven years of surveying and exploration, and the renewable energy sector, which was developed through the establishment of large-scale investment infrastructure. While empowering the private sector and attracting foreign direct investment requires policy and systems reforms, in light of the factors that are also affected by them and external and global challenges. The Kingdom’s economy today is based on a strong and diversified base, led by vital sectors that are growing at a rapid pace. It contributed to diversifying sources of non-oil income and providing quality job opportunities, in addition to reaching targets prematurely and exceeding some of them. Opening new and ambitious horizons and raising goals to higher levels. For the Kingdom to become a land of future opportunities. The Kingdom’s Vision 2030 also laid the foundations that strengthen the Kingdom’s position at the regional and international levels, by deepening cooperation for security and stability, which is a major factor for economic development. Continuing the Kingdom’s journey towards growth, innovation and prosperity. ر.
Economic landscape overview:
The Saudi economy stands on solid ground, with the gross domestic product of non-oil activities recording its highest historical levels.
The Kingdom of Saudi Arabia’s Vision 2030 concluded another year full of achievements and successes, relying on the ambition of its sons and daughters and the enlightened vision of its leadership.
This vision is not just an economic plan; Rather, it is a comprehensive transformation that affects various aspects of life in the Kingdom, from the economy to culture, and from sports to renewable energy.
With every achievement achieved, the challenges that the Kingdom wishes to confront with seriousness and determination increase, driven by a deep desire to achieve greater progress and prosperity.
The journey of Vision 2030 is ongoing and full of hope and ambition, and the Kingdom of Saudi Arabia will continue to move steadily towards a prosperous and sustainable future that strengthens its position as a land of opportunity and innovation at the regional and international levels.
Source:
Annual report of the Kingdom of Saudi Arabia’s Vision 2023.
