Saudi Vision 2030

Saudi Vision 2030
رؤية السعودية 2030
Official logo
Development program overview
Formed25 January 2016; 8 years ago (2016-01-25)
TypeDevelopment program
JurisdictionGovernment of Saudi Arabia
MottoSaudi Arabia, the heart of the Arab and Islamic worlds, the investment powerhouse, and the hub connecting three continents
Minister responsible
Key document
Websitevision2030.gov.sa

Saudi Vision 2030 (Arabic: رؤية السعودية ٢٠٣٠ ruʾyat al-suʿūdiyah alfayn thalāthūn, sometimes called Project 2030) is a government program launched by Saudi Arabia which aims to achieve the goal of increased diversification economically, socially and culturally, in line with the vision of Saudi Crown Prince and Prime Minister Mohammed bin Salman. It was first announced on 25 April 2016 by the Saudi government.[1]

The Council of Ministers has tasked the Council of Economic and Development Affairs (CEDA) with identifying and monitoring the mechanisms and measures crucial for the implementation of "Saudi Arabia's Vision 2030".[2]

Despite efforts to reduce Saudi dependence on oil, as of 2022, Saudi Arabia remains heavily dependent on oil revenue, as measured by its contribution to gross domestic product (GDP), fiscal revenue and exports.[3] Oil accounted for approximately 40% of Saudi GDP and 75% of its fiscal revenue.[3] Additionally, the program is facing strong criticism from human rights advocates, with allegedly over 21,000 workers having died on the job in program-related projects between 2017 and 2024, according to a 2024 investigation.[4][5]

  1. ^ Marwa Rashad (24 April 2016). "Saudis await Prince's vision of future with hope and concern". Reuters. Archived from the original on 4 January 2020. Retrieved 24 April 2016.
  2. ^ "National Transformation Program 2020" (PDF). Archived from the original (PDF) on 1 April 2019.
  3. ^ a b Dept, International Monetary Fund Middle East and Central Asia (17 August 2022). "Saudi Arabia: Selected Issues". IMF Staff Country Reports. 2022 (275). doi:10.5089/9798400217548.002.A001 (inactive 1 November 2024).{{cite journal}}: CS1 maint: DOI inactive as of November 2024 (link)
  4. ^ Daniel Jonas Roche. "New documentary reveals that 21,000 laborers have died working on Saudi Vision 2030, which includes NEOM, since construction began". The Architect's Newspaper. Retrieved 7 November 2024.
  5. ^ Fred Mills (5 November 2024). "Documentary alleges 21,000 workers have died working on Saudi Vision 2030, which includes The Line". The B1M. Retrieved 7 November 2024.