What is the main objective of Saudi Vision 2030?

The main objective of Saudi Vision 2030 is economic diversification. This initiative was launched to reduce the country's dependence on oil revenues, which have traditionally been the backbone of the Saudi economy. Recognizing the volatility of oil markets and the need for sustainable economic growth, the vision outlines a comprehensive plan to diversify the economy by developing various sectors such as tourism, entertainment, technology, and renewable energy.

Economic diversification aims to create new job opportunities, foster innovation, and improve the overall quality of life for citizens and residents. This vision encourages investment in different industries, which will help stabilize the economy and reduce vulnerability to fluctuating oil prices.

By emphasizing this broad approach rather than singular focus areas like oil revenue, tourism, or agriculture, Saudi Vision 2030 represents a forward-looking strategy essential for the country's long-term prosperity and sustainability.