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  • Vision 2030 shifts Saudi Arabia’s global perception: Report

    Vision 2030 has become the largest single contributor to the Kingdom of Saudi Arabia’s global media coverage, a recent report indicated. The research, titled “KSA Reputation: How Vision 2030 is Rebranding the Nation,” released last month by global media intelligence provider CARMA, showed that the Kingdom’s transformative vision had put it in a more positive light than 15 months ago.

  • How the change in perception of Saudi Vision 2030 impacted the F&B industry

    The resulting massive influx of visitors spurred by modernisation efforts will bring about a significant shift in the Saudi F&B landscape, while investments in the entertainment sector are expected to advance the quality and variety of F&B venues, with household spending on entertainment increasing to 6 percent of total spending by 2030.

  • Saudi Arabia Looking to Achieve Sustainability Aims of Vision 2030

    "However, it will be smaller changes that affect the average Saudi citizen. Adapting to the government's greener initiatives will require changes at all levels. Looking at it from the perspective of Budget Saudi, a company formed 44 years ago to meet the transport needs of people in the late 70s, we have had to adjust many times in over four decades to manage the changes and overcome the challenges," Danish explains.

  • Saudi Arabia needs to accelerate non-oil revenues to meet Vision 2030

    Saudi Arabia has identified 59 initiatives to earn SAR 143 billion in non-oil income through asset sales and PPPs by 2025, while the government’s 2022 budget also indicated plans to offer privatisation opportunities in several areas, including water desalination, health, housing, and media, and support public-private sector collaboration.

  • Saudi Arabia’s Expanding Mining Sector Moves it Closer to its 2030 Vision

    According to the National Industrial Development and Logistics Program, the country would have at least $321 billion in phosphate, $229 billion in gold, and $222 billion in copper in its soils, as well as $70 billion each in iron and uranium.

  • Saudi Arabia’s Vision 2030 to transform mining sector, Arabian Shield has $1.3 trillion in potential mineral value-vice-minister, mining affairs

    Al-Mudaifer discussed the financial incentives Saudi Arabia is offering to miners that choose to work in Saudi Arabia. "We made it competitive, it is one of the best fiscal regimes. It's low tax and low royalties. The income tax is 20 percent, and the royalty is one to five percent of the net profit, not the revenue," he stressed. "We have a five-year royalty holiday for miners, and a discount of up to 90 percent for sales to local downstream projects. We also have 75 percent funding for exploration and production."

  • Vision 2030 has prompted 400 policy changes by the Saudi government, mining minister reveals

    Saudi Arabia has passed 400 updates of its policies since the launch of Vision 2030, the country’s vice minister for mining has revealed. Speaking at the Future Investment Initiative Forum in Riyadh, Khalid Al Mudaifer highlighted steps already taken by the Saudi government to ensure the Kingdom’s economy is diversified away from oil. Mudaifer talked up the importance of mining — an area of government focus — as he also called for greater investment in environmental  priorities “for the world to have a better green future”.

  • China’s BRI and Saudi Vision 2030: A Review to Partnership for Sustainability

    This study reviews the comprehensive strategic partnership between Saudi Arabia and China and the interconnection between China’s Belt and Road Initiative (BRI) and Saudi Vision 2030. These connections have significantly improved cooperation in trade, investment, energy and new technology development over the last seven years. Saudi Arabia can further its cooperation with China on the circular carbon economy (CCE) through both bilateral and multilateral frameworks.

  • KSA ‘being reborn’ as Vision 2030 unleashes $1tn real estate and mega-projects

    According to Knight Frank, almost $300 billion of the total spend is dedicated to new infrastructure, including extensive passenger rail networks and a new $ $147 billion airport for Riyadh, which is expected to be the home base for a new national airline.

  • Saudi Vision 2030, Oman Vision 2040 offer joint strategic investment opportunities: Al-Falih

    The Saudi-Omani Investment Forum kicked off in Muscat Monday with the participation of Minister of Investment Eng. Khalid Bin Abdulaziz Al-Falih, Omani Minister of Commerce, Industry and Investment Promotion Qais Bin Mohammed Al-Yousef, and Chairman of the Omani Chamber of Commerce and Industry Redha Bin Jumah Al-Saleh.