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Saudi, vision 2030 - Wikipedia

Please update this article to reflect recent events or newly available information. The deputy crown prince and consequently approved by the cabinet, will probably be viewed positively by market participants.

Employment and the private sector: The plan aims to increase the participation of women in the labor market from 22 to 30, and reduce the unemployment rate among Saudis from.6. msci is expected to decide in June whether to consider Saudis inclusion. From Vision to reality. The Crown Prince announced that Saudi Arabia will set up the largest Islamic museum in the world, which will be based in Riyadh, to provide an opportunity for non-Muslims to visit. Increase the proportion of local content in the oil and gas sector 40. Vision 2030 will transform the economy, but needs USD750bn of investment over the next decade. 30 million pilgrims: Saudi Arabia is planning to increase the number of pilgrims every year from 8 million to 80 million by 2030. Subtracting Aramco: Saudi Arabia will offer less than 5 of the giant national oil company Aramco in a public offering on the stock exchange, and will allocate the proceeds of this IPO to finance the Saudi sovereign wealth fund. The plan aims to increase non-oil revenue six-fold from about.5 billion annually to 267 billion, and also aims to increase non-oil exports as a share of GDP from 16 currently,. There is much to like in Vision 2030 Saudi Arabias initial outline of its long-term economic reform agenda1. Ahmed AL-jundi, executive AT jeddah-based architectural firm diyar consultants. Military industry: Saudi Arabia is creating a holding company for military industries fully owned by the government, which is expected to launch in late 2017. Reporting by Andrew Torchia and Celine Aswad in Dubai and Karin Strohecker in London; Editing by Louise Ireland. The fate of Saudi Arabia 's Vision 2030 rests on the Aramco IPO. Raise the contribution of the private sector to GDP 40. 3 The IMF further warned that the time period set by Crown Prince Mohammad Bin generator Salman does not reflect a realistic time required for such a transformation.

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