The Saudi Crown Prince’s Vision 2030 stands for a more diversified economy that shifts away from depending on the oil economy. The Kingdom is on the road to invest in more sustainable businesses that offer a prosperous future and endless work opportunities.
Under the UN’s Sustainable Goal Development, the Saudi Ministry of Economy and Planning shared on Twitter bite-sized reports of the Kingdom’s achievements in recent years in the non-oil sectors.
Whether in sustainable energy, tourism, or digital transformation, here’s how Saudi Arabia moves on the steady and powerful path of sustainable development.
1. In digital transformation
The National Digital Transformation Unit was founded in 2017 to maximize the potential of digital in the Kingdom and improve the overall quality of services.
Saudi Arabia ranked 2nd among the G20 countries in allocation of globally identified frequency bands for providing public mobile telecommunication services. In terms of 5G network deployments, Saudi Arabia scored the rank of 4 globally.
What series is good to watch right now?https://t.co/ZiKjNw8fvU
— About Her (@AboutHerOFCL) May 20, 2020
The National Strategy for Digital Transformation 2025 aims to digitally revamp 7 key areas: education, health, smart cities, the fourth industrial revolution, electronic commerce, security, tourism & culture.
2. In sustainable economic projects
To preserve its resources, the Kingdom continues to invests in projects that promise long-term successful returns. Here are some of the most prominent ones:
- The Sakaka Solar Energy Project in 2018
Saudi Arabia is aiming big when it comes to solar energy. https://t.co/7PuKe08enk
— About Her (@AboutHerOFCL) February 16, 202
- The historical launch of tourism visas
- The Quiddiya Megaproject which is set to become the Kingdom’s capital in entertainment, culture, and art
#Vision2030 is closer than ever.https://t.co/NBXdRWQowQ
— About Her (@AboutHerOFCL) January 3, 2020
- The establishment of Saudi Aramco Initial Public offering.
Meet Dr. Elaf Ahmed from Aramco, the Saudi woman in STEM setting an example for others. She immersed herself in science from a young age, going on to earn a doctorate in Environmental Science and Engineering.
— About Her (@AboutHerOFCL) June 4, 2020
Get to know the incredible lab scientist here: https://t.co/hCV22q6jXn pic.twitter.com/SHYJRBJ6d5
3. In competitiveness & business climate
As a result of investments enabling economic growth, Saudi Arabia earns itself high positions in global indices.
In 2020, the Kingdom advanced 30 spots and ranked top as business climate improver..
As for global competitiveness, Saudi Arabia landed the position of 24 with a progress of 15 ranks from 2018.
