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  • Saudi Vision 2030 projects $300 billion in new infrastructure spending

    “The scale of infrastructure improvements in the country is phenomenal. The aggressive targets laid out by the government around attracting 100 million annual visitors to the country by 2030 means both adequate and first-class gateways need to be created,” said Faisal Durrani, partner and head of Middle East research.

  • Saudi Arabia’s Vision 2030 aims to empower the non-profit sector. Here are three areas to focus on.

    With its Vision 2030, Saudi Arabia encouraged businesses to participate in its development and to address national challenges—especially in critical sectors, such as health care, education, housing, and cultural and social programs—rather than focusing solely on generating profits. Vision 2030 calls for a more effective third sector for non-profits, among other things.

  • More Saudis turning to consultants as Vision 2030 opens new opportunities

    The Saudi Ministry of Commerce issued 407 licenses to consultancy companies in the first half of this year, an increase of 27 percent on the same period a year earlier. Management consulting topped the list with 188 licenses, followed by financial consulting (for non-securities) with 59 licenses, and value-added tax (VAT) services with 35 licenses, the ministry said.

  • Saudi Arabia to tap into the debt capital market to finance Vision 2030

    Implementation of the Kingdom’s monetary policy, however, is limited by the relative underdevelopment of Saudi capital markets. To address this, the government started issuing local currency debt and sukuk in 2015, and we expect this to continue over the next few years. We believe government debt issuance can be instrumental in addressing the absence of a benchmark yield curve and contribute to the development of the Kingdom’s debt capital markets.

  • The Saudi Aramco Sale Is A Key Part Of Vision 2030

    Selling minority stakes in assets or in the equity of Saudi Aramco would not only help the oil giant to ease the debt it burdened itself with over the past year. It would also help Saudi Arabia and its Crown Prince to show the world that the Kingdom is still an attractive investment destination.

  • New Saudi 200-riyal note celebrates Vision 2030 program

    The denomination is equivalent to $53, and although a regular circulating issue, is designed to commemorate the fifth anniversary of the launch of the Kingdom Vision 2030. The gray 163-millimeter by 73-millimeter note is an addition to the kingdom’s sixth issue of bank notes, which made its debut on Dec. 26, 2016, with 5-, 10-, 50-, 100- and 500-riyal notes.

  • Perspective: Vision 2030 creating an inclusive Saudi identity

    In Saudi Arabia, there are four main Sunni Muslim sects, namely the Hanbali, the Hanafi, the Shafi’i and the Maliki, without forgetting Sufi methods. There are also three main Shiite Muslim sects: Jafari, Ismaili and Zaidi. This sectarian pluralism results in a wide range of doctrinal and dogmatic jurisprudence, which the hard-liners are seeking to abolish, while trying to impose a single view of “pure Islam.” The crown prince rejects this, stressing: “There are no fixed schools of thought and there is no infallible person. We should engage in continuous interpretation of Qur’anic texts and the same goes for the Sunnah of the Prophet.”

  • Vision 2030 to drive Saudi debt capital market: S&P

    "We think banks will continue to play an important role in financing Vision 2030, but foresee an increased role for the local capital market," said S&P Global Ratings credit analyst Timucin Engin in the report titled "Vision 2030 Will Push Forward Saudi Arabia's Debt Capital Market."

  • Economic Diversification Under Saudi Vision 2030

    This discussion paper examines the preferred diversification paths for the Saudi economy, with a focus on the foreseen adjustments in the sectoral composition along with broader macroeconomic shifts.

  • Saudis more confident as Vision 2030 on the right track

    The crown prince reaffirmed the Kingdom’s commitment to removing extremism. In his Tuesday interview, he made it clear that the Qur’an and Sunnah are the main sources of the legislative system in the country, adding that for a country to attract capital and grow on all levels, extremist projects must be eradicated.