Launch of Vision 2030
Vision 2030, launched in 2016, is Saudi Arabia's strategic framework for economic diversification and social reform.
Overview
Vision 2030 (Arabic: رؤية 2030) is a strategic framework launched by Saudi Arabia in April 2016 to diversify the economy away from oil and to reform society and government.
Objectives
The programme aims to increase the private sector's share of the economy, expand the tourism and entertainment sectors, develop new industries, and increase the participation of women in the workforce. It is organised around themes of a vibrant society, a thriving economy and an ambitious nation.
Significance
Vision 2030 is the central policy framework of contemporary Saudi Arabia and has driven major projects such as NEOM, the Red Sea Project and the expansion of the entertainment sector.