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Vision 2030 Saudi Arabia

Student’s Name

Instructor’s Name

Institutional Affiliation

Course Code

Due Date
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Reflection on Vision 2030 Saudi Arabia

The Kingdom of Saudi Arabia outlines its long-term objectives in Saudi Vision 2030.

These objectives are very specific, have a broad social influence, and are well defined. The goal

of Vision 2030 is to transition away from a solely oil-dependent economy (Moshashai et al.,

2020). I believe that the nation's solid pillars of foundation have contributed to the successes the

nation has thus far attained.

The KSA vision 2030 seeks to draw foreign capital to the nation. I believe that the

country's geographic significance will make it simple to take advantage of chances in the

kingdom's favor and build a powerful. The goal is to take decisive action to develop the

manufacturing, renewable energy, e-governance, cultural, entertainment, and educational sectors.

I think tourism sector has not received enough attention. With the expansion in government

opportunities and international investments, Vision 2030 also emphasizes the development of the

tourism sector (Grand & Wolff, 2020).

Along with being a backbone of a strong nation, citizens play a significant role in putting

the 2030 vision into action. As we have seen, Saudi Arabia has put security measures in place to

protect its residents. There are numerous security checks at airport entry points to protect the

airport from unauthorized travelers and terrorists. This brings about the reality of 2030, when

many people are drawn to Saudi Arabia to participate in various cultural events.

Many businesses have implemented cutting-edge screening and surveillance systems that

protect both the workers and the company's assets. In my opinion, the availability of services for

applying for visas and lodging online a few days before departure would increase consumer
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happiness, which is one of the goals of Vision 2030. I believe that when members come to the

area, the high customer satisfaction will subsequently transfer into high income.

Additionally, there will be a little privatization of public assets. I believe that job creation

is a top aim of economic reform, given that the unemployment rate for Saudis under 30 is

projected to be 29%.. According to the Vision 2030 initiative, 47% of Saudi families own their

own homes. The proposal to pressure banks to offer financing and mortgage options for citizens

seems reasonable to me given that government efforts to address the housing crisis have mainly

failed as a result of administrative roadblocks and a dearth of sizable developers.

Conclusion

In conclusion, Saudi Vision 2030 is the Kingdom's next move. The main causes of the

vision were the expanding oil concerns and the problems associated with various changes. There

was a feeling among several think tanks that some of the issues needed long-term solutions.

Also, the country has put security measures in place to protect its residents.

Strong political reforms will undoubtedly also be implemented as part of KSA Vision

2030 to improve the country's climate and make it more favorable for foreigners. There will be

more options for investing, and various types of people will be drawn to contribute funds to

various enterprises. The main factor in the environment's blooming will be foreigners.
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References

Balabel, A., & Alwetaishi, M. (2021). Towards Sustainable Residential Buildings in Saudi

Arabia According to the Conceptual Framework of “Mostadam” Rating System and

Vision 2030. Sustainability, 13(2), 793. https://www.mdpi.com/961494

Grand, S., & Wolff, K. (2020). Assessing Saudi Vision 2030: A 2020 review. Atlantic Council,

17. https://www.atlanticcouncil.org/wp-content/uploads/2020/06/Assessing-Saudi-

Vision-2030-A-2020-review.pdf

Moshashai, D., Leber, A. M., & Savage, J. D. (2020). Saudi Arabia plans for its economic future:

Vision 2030, the National Transformation Plan and Saudi fiscal reform. British Journal of

Middle Eastern Studies, 47(3), 381-401.

https://www.tandfonline.com/doi/abs/10.1080/13530194.2018.1500269