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  • KAPSARC: Saudi economy 60% more resilient to oil market shocks as a result of Vision 2030 reforms

    Saudi Arabia’s economy, measured by total gross domestic product (GDP), is estimated to become 60% more resilient to oil price shocks by 2030, according to a new study by the King Abdullah Petroleum Studies and Research Center (KAPSARC). Vision 2030’s economic reforms will make Saudi households’ consumption 40% less volatile, stabilize economic activity, employment levels and household income, improving the overall well-being of households in the long-term. The study, “Resilience of Saudi Arabia’s Economy to Shocks: Effects of Economic Reforms,” employs a KAPSARC model that mimics the economy’s response to external shocks. It uses economic data — GDP, investment, and household income — before and after the implementation of Vision 2030’s economic reforms are completed, such as diversifying the economy away from oil.

  • Saudi Arabia implements Data Driven-Government to realise digital economy as part of the Vision 2030

    Saudi Arabia, which is executing the third phase of the three-stage data-driven government or the National Strategy for Digital Transformation, is currently bringing all the public services under a single digital platform as part of the Smart Government Strategy (2020-2024), that once implemented, will deliver public services through smart phones, on the citizen’s fingertips.

  • Saudi women reap fruits of empowerment under Vision 2030

    Saudi Arabia is celebrating its 92nd National Day at a time when Saudi women are making giant strides in all walks of life and reaping the fruits of the Kingdom’s Vision 2030, launched by Crown Prince Mohammed bin Salman. The empowerment of women is at the heart of the Vision 2030 reform program, ever since its launching in 2016, with bringing about far-reaching social and economic transformation where women have an equal role and share along with their male counterparts.

  • Saudi youths support reforms, believe Vision 2030 will secure strong economy: Survey

    As the Kingdom of Saudi Arabia prepares to celebrate its 92nd National Day on September 23 under the theme ‘This is Our Home,’ almost all Saudi youths said they believe the Kingdom is heading in the right direction as they voiced optimism about the future and the best days that lie ahead. This was one of the main findings of the 14th Annual ASDA’A BCW Arab Youth Survey released on Wednesday.

  • Saudi Arabia Vision 2030 real estate, infrastructure projects hit $1.1 trillion in value: Report

    The total value of the real estate and infrastructure projects launched since the onset of Saudi Arabia’s ambitious Vision 2030 plan in 2016 has crossed $1.1 trillion, real estate consultancy Knight Frank said Tuesday. Vision 2030 is a transformation plan aimed at transforming the economic makeup of Saudi Arabia and preparing it for a post-hydrocarbon age. As part of the plan, the kingdom has embarked on a variety of ‘giga-projects,’ including the futuristic city of NEOM, the Diriyah Gate project, and The Red Sea Development Project.

  • New Saudi Arabia tourism law looks to streamline Vision 2030 goals

    The law also contains key data considerations, stipulating the establishment of an information database containing statistics and information on all aspects of the Saudi tourism sector in line with international best practices for tourism investors, service providers, tourists, and other interested parties.

  • Meet the Young Saudi Social Entrepreneurs who are Helping Achieve the 2030 Agenda & Saudi Arabia’s 2030 Vision

    The UN in Saudi Arabia met with young Saudi Entrepreneurs to learn about their initiatives and how they contribute towards sustainability and climate action. They shared their experiences and encouraged others to take action for a cleaner, cooler and happier world!

  • Saudis hail Vision 2030 women’s workforce figures

    Saudi women now comprise 33.6 percent of the Saudi workforce as of March 2022, according to the General Authority for Statistics. That figure is up from 17.4 percent just five years ago. The unemployment rate of women was the lowest in 20 years as of the first quarter of 2022, falling to 20.2 percent from 22.5 percent during the fourth quarter of 2021.

  • The New Saudi Arabia – Vision 2030 and AI

    But little attention is paid to the country’s technological advances. The Absher app, for instance, allows residents to seamlessly interact with all government systems and compete with the technological marvels of China. My trip to KSA actually started in Palo Alto, where I met the head of a technology investment powerhouse. He showed how the app can be used to buy and sell property, renew vehicle licenses (no more visits to DMV), and monitor one’s financial affairs. Using Absher, I was able to obtain a visa to KSA in a matter of just a few clicks. (Yes, getting into KSA is almost as easy as getting into the UAE, with no paperwork or needless bureaucracy).

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

    The in-depth analysis examined coverage across 30 markets and over 1,800 major international titles from traditional and digital media to identify prominent conversations and sentiments on Saudi Arabia. It revealed that one-third of articles mentioned Vision 2030 in the first quarter of 2022 compared to 19 percent in 2020.