Deputy Crown Prince Mohammed bin Salman bin Abdulaziz Al Saud, Chairman, Council of Economic and Development Affairs, on achieving Vision 2030: Viewpoint

 Deputy Crown Prince Mohammed bin Salman bin Abdulaziz Al Saud, Chairman, Council of Economic and Development Affairs

All success stories start with a vision, and successful visions are based on strong pillars. The first pillar of Saudi Arabia’s Vision 2030 is our status as the heart of the Arab and Islamic worlds. We recognise that Allah the Almighty has bestowed on our lands a gift more precious than oil. Our Kingdom is the land of the Two Holy Mosques, the most sacred sites on earth, and the location of the Kaaba, to which more than a billion Muslims turn at prayer. 

The second pillar of our vision is our determination to become a global investment powerhouse. Our nation holds strong investment capabilities, which we will harness to stimulate our economy and diversify our revenues.  The third pillar involves transforming our unique strategic location into a global hub connecting three continents: Asia, Europe and Africa. Our geographic position between key global waterways makes the Kingdom of Saudi Arabia an epicentre of trade and the gateway to the world. 

Our country is rich in its natural resources. We are not dependent solely on oil for our energy needs. Gold, phosphate, uranium and many other valuable minerals are found beneath our lands, but our real wealth lies in the ambition of our people and the potential of our younger generation.  They are our nation’s pride and the architects of our future.

We are determined to reinforce and diversify the capabilities of our economy, turning our key strengths into enabling tools for a fully diversified future. As such, we will transform Saudi Aramco from an oil-producing company into a global industrial conglomerate. We will transform the Public Investment Fund into the world’s largest sovereign wealth fund. We will encourage our major corporations to expand across borders and take their rightful place in global markets. As we continue to give our army the best possible machinery and equipment, we plan to manufacture half of our military needs within the Kingdom to create more job opportunities for citizens and keep more resources in our country.  We will expand the variety of digital services to reduce delays and cut tedious bureaucracy. We will immediately adopt wide-ranging transparency and accountability reforms, and hold government agencies accountable for any shortcomings through the body set up to measure their performance. We will be transparent and open about our failures as well as our successes, and will welcome ideas on how to improve. 

All this comes from the directive of the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al Saud, may Allah protect him, who ordered us to plan for a future that fulfils our ambitions and aspirations. Our ambition is for the long term. It goes beyond replenishing sources of income that have weakened or preserving what we have already achieved. We are determined to build a thriving country in which all citizens can fulfil their dreams and ambitions. Therefore, we will not rest until our nation is a leader in providing opportunities for all, through education and training, and high-quality services such as employment initiatives, health, housing and entertainment.

We commit ourselves to providing world-class government services that effectively and efficiently meet the needs of our citizens. Together we will continue building a better country, fulfilling our dream of prosperity and unlocking the talent, potential and dedication of our young men and women. We will not ever allow our country to be at the mercy of commodity price volatility or external markets. 

Our vision is a strong, thriving and stable Saudi Arabia. Our vision is a tolerant country, with Islam as its constitution and moderation as its method. We will welcome qualified individuals from all over the world, and will respect those who have come to join our journey and our success. We intend to provide better opportunities for partnerships with the private sector through the three pillars, and will improve the business environment so that our economy flourishes.

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