The Crown Prince directs continued efforts to support Saudi Vision 2030
His Royal Highness Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Prime Minister, emphasized the importance of continuing the government's diligent efforts to achieve the goals of Saudi Vision 2030.This came after the Council of Economic and Development Affairs reviewed the Vision's achievements as it prepares to enter its third phase. His Highness explained that the Vision, by the grace of God and the guidance of the Custodian of the Two Holy Mosques, has brought about a qualitative and historic transformation in the country's development, achieving a comprehensive and tangible transformation in all economic, service, infrastructure, and logistical sectors, in addition to enhancing the social well-being of citizens.
The journey of national transformation and building a prosperous economy
Since its launch in 2016, the National Transformation Plan has marked a pivotal turning point in the modern history of Saudi Arabia. This ambitious initiative was launched with the primary objective of diversifying income sources, reducing dependence on oil, and building a strong and sustainable economy based on innovation and investment in promising sectors such as tourism, entertainment, technology, and renewable energy. Over the past years, the Kingdom has undergone extensive structural reforms, including modernizing regulations and legislation, empowering national talent in the labor market, and developing the Public Investment Fund into one of the world's largest and most influential sovereign wealth funds. This strong historical foundation has paved the way for the successes we are witnessing today across various vital sectors.
Preparing for the third phase and empowering national competencies
His Royal Highness the Crown Prince affirmed that in 2026, the Vision will commence its third and final phase, extending for the next five years until 2030. This phase is characterized by maintaining a focus on long-term objectives while adapting implementation methods to the requirements of each stage, thereby ensuring the sustainability of progress and prosperity and positioning the Kingdom at the forefront of advanced nations. His Royal Highness emphasized that investing in the sons and daughters of the nation has been, and will remain, a fundamental priority, through their training, development, and enhancement of their skills, enabling them to compete effectively with their counterparts worldwide.
The regional and international impact of the success of Saudi Vision 2030
The impact of Saudi Vision 2030 extends far beyond the domestic sphere, encompassing crucial regional and international dimensions. Domestically, the Vision has contributed to improving the quality of life, creating hundreds of thousands of jobs, and developing infrastructure to become among the best in the world. Regionally, it has solidified the Kingdom's position as a leading financial and logistical hub in the Middle East, attracting significant foreign direct investment. Internationally, the Vision has enhanced the Kingdom's economic and political standing within the G20. His Royal Highness the Crown Prince noted that despite global fluctuations and economic and political turmoil that have impacted the region and the world over the past decade, the Vision has maintained its momentum and achieved significant milestones, thanks to strategic planning and sound financial policies based on flexibility and proactive anticipation of future challenges and opportunities.
Crucial directives to continue the journey of achievement
In closing, His Royal Highness the Crown Prince directed all government agencies, each within its respective area of responsibility, to continue their efforts, identify opportunities, and capitalize on them to serve the best interests of the nation, its citizens, and the national economy. He commended the achievements of past years in comprehensive and sustainable national development, which has placed the Saudi citizen at its core and aimed for global leadership. His Royal Highness added that the Vision's entry into its third and final phase represents the culmination of the implementation of national programs and strategies, with the tools for transformation reaching their highest levels of readiness. The Vision is progressing towards its objectives by consolidating the gains of the national transformation and redoubling efforts to accelerate the pace of achievement.
