Saudi Vision 2030: Building a Prosperous Future for All
Jana Saab – Content Writer
Saudi Arabia’s 2030 vision is to be the vibrant heart of Arab countries! Its aim is to connect the globe and prosper in all fields. In other words, their vision focuses on creating a strong network among the three continents: Asia, Africa, and Europe. What makes the Kingdom of Saudi Arabia a great place for thriving investments is its geographic, cultural, oil and gas, and economic benefits. Indeed, this organized plan is built on three cornerstones: a lively community, booming economics, and an elevated nation.
His royal highness Prince Mohammed bin Salman bin Abdulaziz shows his delight and ambition for the Saudi Vision 2030 by saying, “It is my pleasure to present Saudi Arabia’s vision for the future. It is an ambitious yet achievable blueprint that expresses our long-term goals and expectations and reflects our country’s strengths and capabilities. All success stories start with a vision, and successful visions are based on strong pillars.” This shows the well-organized and promising plan that triggers their economy and diversity. This vision can be achieved by creating a diverse, inclusive, healthy, and cooperative team within Saudi Arabia’s workplaces.
According to the 2023 Great Place to Work® Trust Index© Survey, 97% of the employees at an anonymous company agree that they feel proud when they look at their achievements in the workplace. Furthermore, 93% of the employees responded that it is physically a safe place to work, according to the 2023 Great Place to Work® Trust Index© Survey. This shows the significance of cultivating a great place to work. We can help you find the best ways to increase your business revenues at GCC.
To achieve the Kingdom’s thriving vision of 2030, there is a need to be certified as a great place to work. This is because the more you invest in your company’s culture, the more prosperity you will gain. Therefore, our certification contributes to achieving a strong and stable economy in the nation!
The Kingdom of Saudi Arabia will initiate modern technology and establish economic opportunities that align with their upcoming booming vision. In this blog, we will incorporate the basic building blocks of the Saudi Vision 2030.
1. Saudi Vision 2030: Economic Diversification
Saudi officials have noticed the significance of economic diversity, which will play a vital role in the enhancement of financial security in the country. By promoting and supporting other sectors, such as tourism, technology, and sustainable development, there will be less dependence on oil and gas. This helps create new job opportunities and boosts employability. In addition, creating a “non-oil” independent economy can enhance productivity.
Great Place to Work® certification is crucial here. When companies in the private and public sectors become certified as workplaces, they can grab elevated clients and skilled employees, which in turn increases profits. One of the top statements that is agreed on by employees in one of the esteemed places certified as being great places to work in KSA is that 89% of them feel that they are welcomed when they join the company. The financial sector development program is established to support economic diversification and receive various sources of revenue. This helps in the improvement of the Saudi financial market.
2. Sustainability
As the global challenge of climate change increases, countries in the GCC region aim to fully rely on clean and renewable energy. Additionally, they will implement sustainable finance in the finance sector. They will work on environmental projects that help solve climate change issues.
As reported by the World Bank, the GCC countries have given attention to sustainable investment. For instance, there is the development of Masdar City in the UAE, which is one of the environmental development projects that fosters the establishment of environmentally friendly cities supported by renewable energy sources.
3. Human Capital Development Program
This program was developed to enhance the educational sector and enable citizens and other learners to acquire new skills that drive them into the labor market. By preparing citizens for the future, this can help build solid economics. The program entails all stages in schools, from kindergarten to the secondary level, universities, and vocational institutions. It also offers guidance for skill development that suits the market and meets career goals. Moreover, this program will create a collaborative relationship with the private sector and non-governmental organizations (NGOs). Additionally, part of the plan is to support entrepreneurs and SMEs.
4. Social Development
The Kingdom will excel in cultivating a vibrant society by introducing a healthy lifestyle, a high standard of living, and consistent security. Additionally, they will develop modern health systems to support the healthcare sector and help in maintaining family bonds by assisting in the learning and education of their children, where they engrave the principles of having a well-united family. Being the heart that pumps with the core values of the Islamic religion, the Kingdom focuses on preserving pilgrimage rituals.
5. Tourism and Culture
The rich history and culture of the Kingdom of Saudi Arabia privilege it as the most attractive and prosperous country in the region. By applying the new vision of the GCC, the tourism sector has a great role in the development of the economy. The plan is based on creating luxurious resorts that incorporate sustainability and support ecotourism to emphasize that tourists will enjoy spending time there in the magnificent nature and wide areas for recreation.
It is noteworthy to state that the Kingdom of Saudi Arabia is paving the way for building a prosperous future for all. It is their vision of success and growth that will make a great change. Creating a great place to work should be the bulk of the 2030 vision.
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