THE TRANSFORMATION: VISION 2030 •
THE NEXT CHAPTER
Vision 2030 becomes a launchpad for long-term growth Rather than an endpoint, Vision 2030 is designed as the foundation for Saudi Arabia’s next phase of economic and social transformation. The kingdom’s post-2030 strategy is expected to focus on advanced technology, sustainability and global competitiveness. unveil a successor framework, widely referred to as Vision 2040, before the end of the decade. The strategy is likely to prioritise artificial intelligence, biotechnology, advanced manufacturing and further non-oil economic growth. Vision 2040 takes shape Saudi Arabia is expected to
boom well into the next decade. Both events are positioned as catalysts for long-term investment, connectivity and international visibility.
Sustainability targets move centre stage
The Saudi Green Initiative continues beyond 2030 with ambitions to expand renewable energy generation and achieve net-zero emissions by 2060. Future development is expected to place greater emphasis on green technology and low-carbon tourism. Giga-projects evolve into economic hubs Projects including NEOM, The Red Sea and Qiddiya are planned as multi-decade developments extending beyond 2030. The long- term aim is for these destinations to become fully operational economic centres driving tourism, innovation and exports.
Mega-events keep momentum building
Qiddiya City is one of many multi-dec- ade developments
Expo 2030 and the 2034 FIFA World Cup are expected to extend Saudi Arabia’s tourism and infrastructure
BEYOND 2030
2030
THE VISION TARGET YEAR Expo 2030 to showcase KSA transformation Bringing millions of visitors and nearly 200 participating nations to Riyadh, the event becomes the global showcase for Saudi Arabia’s transformation under Vision 2030. Tourism now a major economic pillar The 2030 goal is for tourism to contribute at least 10% to national GDP and support 1.6 million jobs. The sector is earmarked as one of the kingdom’s most important engines of diversification by this date. 150 million annual visitors targeted A diversified tourism offering, world-class events roster and expanded connectivity, domestically and internationally, are the strategic levers to meet this goal, positioning the kingdom among the world’s leading tourism destinations.
Expo 2030 will showcase Saudi's transformation under Vision 2030
SPOTLIGHT RIYADH | 17
Made with FlippingBook Digital Proposal Creator