These are in line with Saudi Vision 2030 and one of the main changes it will bring about lies in the financing of healthcare. Saudi Arabia’s Vision 2030 acknowledged that KSA manufactures less than 5% of its military requirements. This was exacerbated by Saudi Arabia's Vision 2030 repeats old mistakes of relying heavily on new megaprojects and ignoring regional advantages in research and education. It is a five-year vision, running from 2015 till 2020, that forms the first phase of the much bigger Vision 2030, the Saudi government's long-term diversification strategy. Assessing Saudi Vision 2030: A 2020 Review 4 ATLANTiC COUNCiL i n summer 2014, Saudi Arabia faced the nightmare scenar - io that many had long feared. Vision 2030 is Mohammad bin Salman’s vision for the future of his nation. Introduction: Nursing in Saudi Arabia has advanced noticeably in education and clinical practice, but challenges remain in building and sustaining a Saudi nursing profession and workforce. Saudi Arabia’s ultra-ambitious Vision 2030 plan is looking increasingly difficult to achieve as the oil price war and COVID-19 have taken a serious toll on the Kingdom’s finances (AFP) Saudi Arabia’s geographic position between key global waterways makes the Kingdom an epicenter of trade and the gateway to the world. Saudi Arabia has been one of the world’s biggest spenders on military equipment and services over many years. Structural reforms outlined in Vision 2030 are much needed to shift the economy to a more sustainable path and even if only a small part of Vision 2030 is being implemented, the Saudi economy will look very different in 2030 than it does now. Saudi Arabia’s Vision 2030 document, released on Monday April 25th, provides an ambitious roadmap for significant changes to the Kingdom’s economy and society over the next 15 years. A VERY WELL-PLANNED DREAM. The current leadership in Saudi Arabia has given a thrust to improve healthcare quality in the country for two main reasons: improving the welfare of the citizens and higher efficiency compared to the current model. The retirement age for men is currently 60, with women able to retire at 55 but there are plans to gradually increase this to 65 and 63 by 2028. To examine the outlook of the Saudi Arabian nursing profession in relation to the recently launched Kingdom 2030 Vision.. Introduction. Swaied Alzahrani , CEO of SIMAH , said: “Emkan Finance has the vision and drive to clearly demonstrate that Saudi Arabia is taking big strides forward in the digital lending arena. Saudi Arabia has put few climate policies in place, and diversification away from an oil-based economy has been slow. Improve healthcare service,” “5.2.4. In its Vision 2030, which was endorsed by the Saudi cabinet on 25 April, the Government has indicated that it will reduce dependence on oil revenue – a move that is also expected to decrease the country’s contribution to climate change. Saudi Arabia’s "Vision 2030" to Transform its Economy Published on 05 May, 2016 he oil-dependent Kingdom of Saudi Arabia (KSA) has a long-term blueprint to transform itself into a more diversified economy, with non-oil government revenues projected to increase six-fold to SAR1tn by 2030. Al-Falih said the 2030 Vision is also designed to make Saudi Arabia a “softer, more pleasant place to live.”. Vietor, Richard H.K., and Haviland Sheldahl-Thomason. Five years ago, Saudi Arabia launched Vision 2030, an aspirational program with economic diversification at its … Our sustainability non-profit organization is committed to making an efficient ecosystem in Saudi Arabia and help our country become more sustainable in its 2030 Vision. Read more: Top 10 moments for Saudi Arabian women since Vision 2030 Saudi Arabia Economy Analysis . When Saudi Arabia’s Mohammed bin Salman gave an update on Vision 2030 in an interview last month, his optimism was substantially more muted than at its unveiling five years ago. Prince Mohammed said Vision 2040 will be the next step after the goals of Vision 2030 are achieved. Saudi Arabia is to invest $64 billion in its entertainment sector over the coming decade, an official said Thursday, as the kingdom pursues a programme of social and economic reforms. Five years on, Saudi Arabia's Vision 2030 on path to free the kingdom from oil dependency. One of Vision 2030’s core aims is to boost tourism to Saudi Arabia to reach 100 million visitors a year. 06/07/2021. And the inability to imagine that his sacrifice and suffering eventually will lead to good health makes it easy to revert to old habits. Saudi Arabia’s Crown Prince Mohammed bin Salman bin Abdulaziz Al Saud, Deputy Prime Minister and Minister of Defense, announced on Tuesday that the kingdom will have a 2040 vision … By JohnWallStreet. Daniel Rasmussen* took a trip to Saudi Arabia, what follows is an interview with him about current affairs in the Kingdom as it undergoes reforms. Way back on 25 April 2016 Saudi Arabia unveiled Vision 2030, a plan of action to transform its economy through the development and creation of alternative sources of income for the Kingdom. Saudi Arabia now faces another economic crisis, only six years after the 2014 oil price collapse, and it may feel the need to reevaluate some of its Vision 2030 programs. These themes allocate into 96 strategic goals. It is a package of social and economic policies that are designed to free the kingdom from dependence on oil exports and to build a prosperous and sustainable economic future by focusing on the country’s strength and policies. Visão 2030 da Arábia Saudita ( em árabe : رؤية السعودية 2030 ) é uma estrutura estratégica para reduzir a dependência da Arábia Saudita em petróleo , diversificar sua economia e desenvolver setores de serviços públicos, como … Saudi Arabia has embarked on a journey to undertake a large-scale economic overhaul, which has seen both private and public sector companies focused on reforms, further supporting Vision 2030. The Kingdom is heavily investing in the tourism industry which seeks to contribute from 3 percent to 10 percent GDP by 2030. Back in June, work commenced on the world’s largest cultural and heritage development project. Supporting Saudi nationals, as we look ahead to the Kingdom’s 2030 vision, is a key priority and we are very happy to have delivered a robust lending solution.” His plan, called Vision 2030, would foster new private businesses, improve education and trim the budget deficit by cutting subsidies and introducing a 5 percent value-added tax. The true legacy of Vision 2030 will be a nation where every individual can achieve their full potential, empowered by the state and enabled by the private … As a result, the National Industrial Development & Logistics Program (NIDLP) has been mandated to move Saudi Arabia toward a brighter future. The Saudi Vision 2030 mentions under the section: “A developed digital infrastructure” that a sophisticated digital infrastructure is integral to today’s advanced industrial activities. Saudi Vision 2030: A beginner’s guide. “Driven by Vision 2030, an ambitious reform agenda championed by Saudi Crown Prince Mohammed bin Salman, it is now time for SAUDI ARABIA to realise its manifest potential.” Downtown Riyadh Aramco completed its inaugural US dollar bond in April 2019, drawing over $100 billion in orders from global money managers, and raising $12 billion. The oil-rich state has long depended on its natural resources to drive its economy, and a key focus of the Saudi Vision 2030 plan is to promote a more robust market infrastructure led by private investment rather than sovereign wealth. • How will we develop action plans to achieve the strategic objectives? Vision 2030 — the ambitious infrastructure plan set to transform the Kingdom of Saudi Arabia. Simone Bekker. Usarán la riqueza y la posición obtenida con el crudo para hacer grandes cambios en su estructura económica. By. And lots is happening already. A Thriving Economy. The plant will generate enough electricity to power around 40,000 homes. Abstract Renewable and sustainable energy (RnSE) resources have recently been marked as a major key for a stable economy worldwide, particularly in developed countries, such as the Kingdom of Saudi Arabia (KSA). It sat at a sub-par 36% prior to Vision 2030 coming into play, and has now improved to an impressive 87%. Saudi Arabia has launched a wide-reaching social and economic initiative, Saudi Vision 2030, with an ambitious goal to develop the economy across industries that include technology, healthcare, tourism, education and finance. Saudi Arabia ranked 1st in the Arab world and the 21st worldwide in the happiness index recorded in 2020, as the index witnessed a noticeable improvement in its ranking and it has increased by 16 ranks since the beginning of Vision 2030. Other goals included enhancing the quality of life of the country’s citizens, increasing employment, and improving health, education, recreation, tourism, e-government services and infrastructure. Frederic G. Schneider Saudi Arabia’s Vision 2030 repeats old mistakes of relying heavily on new megaprojects and ignoring regional advantages in research and education. Riyadh: Saudi Crown Prince Mohammed bin Salman, deputy Prime Minister and minister of defense, said on Tuesday that the Saudi Arabia would achieve many of its Vision 2030 goals before 2030. Some of the other key goals of Vision 2030 are as follows: Although considered as the largest economy in the Middle East region and a member of the Group of Twenty (G20), the Saudi economy still encounters many challenges in a turbulent regional economic environment. Saudi Arabia’s budget 2020 boosts Vision 2030. by International Finance. Kingdom Of Saudi Arabia Vision 2030 And Sustainability OVERVIEW OF VISION 2030 Vision 2030 is Saudi Arabia’s roadmap for future economic and developmental action that expresses their long term goals and objectives. The Media Line Staff. • What are the Vision Realization Programs? In recent months, Saudi Arabia has organised concerts, a Comic … According to AIN, the kingdom welcomed 16.5 million tourists in 2019, a 7.6 increase compared to 2018. In late April 2016, the Council of Ministers in Saudi Arabia approved an ambitious new strategy for the kingdom, known as Vision 2030.1 The vision is based on three main pillars, which are intended to help transform the Saudi economy and society by 2030: The central role that Saudi Arabia plays in the Islamic and the Arab world. Saudi Arabia’s Crown Prince Mohammed bin Salman bin Abdulaziz Al Saud, Deputy Prime Minister and Minister of Defense, announced on Tuesday that the kingdom will have a 2040 vision … 1.Introduction. From: Counting the Cost Beyond oil: Saudi Arabia’s 2030 economic vision. Saudi Arabia’s vision of 2030 presents diverse insights for improving the country. Crown Prince Mohammed bin Salman may be bullish on the Vision’s … The Saudi Vision 2030 mentions under the section: “A developed digital infrastructure” that a sophisticated digital infrastructure is integral to today’s advanced industrial activities. . resources, Saudi Arabia being one of the fastest-developed countries is struggling with a weak economy due to the emergence of the challenges, risks and lower oil prices as well as its budget deficit and increased government spending. Vision 2030: Saudi Arabia and a hydrogen society. Saudi Arabia’s Vision 2030 programme will drive growth across the country, most notably in its asset management, tourism and insurance sectors. Saudi Arabia, being the largest market for facilities management services in the Gulf Cooperation Council (GCC) region accounted for a value share of about 55% in the region’sfacilities management market in 2016. The Vision 2030 plan, he told the Saudi-owned Al-Arabiya news channel, would ensure "we can live without oil by 2020". Vision 2030 is designed to place the Kingdom of Saudi Arabia (KSA) as a trading and financial hub in the Middle East. Deputy crown prince Muhammad bin Salman (left) is welcomed to the Pentagon by defense secretary Ash Carter, May 13, 2015. Saudi Arabia plans to hugely expand its modest arms industry over the next decade, but doing so amid low oil prices and a pandemic-battered economy could … Fintech innovation is part of Saudi Crown Prince Mohammed Bin Salman’s Saudi Vision 2030 to transform the Saudi economy away from its reliance on oil to a more technology-driven modern economy. Saudi Arabia’s Vision 2030 program aims to raise the participation of women in the labor market from 22 percent to 30 percent. I. n April 2016, Saudi Arabia’s then Deputy Crown Prince, Mohammed bin Salman, announced Saudi Vision 2030, an ambitious set of initiatives whose stated aim is to diversify the country’s economy while also implementing significant social and cultural reforms. The Media Line Staff. Driven by a recognition of a need for change, Vision 2030 is creating an open Kingdom where business opportunities are diverse and abundant, education, employment and career development opportunities are aligned, and economic growth is sustainable. In early 2019, the government announced a new renewable energy target aiming to achieve 27.3 GW by 2023 and 57.8 GW by 2030, as part of its “Vision 2030” strategy. Saudi Arabia’s approach to future development through ‘Vision 2030’ is dynamic and three-pronged, addressing reform on the social, diplomatic and economic level. Saudi Arabia has been urged to increase the state pension age to better reflect increasing life expectancy as its pension system was given a C mark in a global comparison list. Saudi Arabia is attempting to create a fintech ecosystem from the ground up with the active support of the government. Still addicted to oil The report, entitled ‘Vision 2030 and Reform in Saudi Arabia: Faces and Figures’ highlighted some of the Kingdom’s key achievements between April 2015 and April 2021. Commentary: Saudi Arabia’s Vision 2030, Don’t Miss the Point. Crown Prince Mohammed bin Salman may be bullish on the Vision’s performance, but reality suggests the program has fallen short of its targets, … But this plan, which would be … Teledentistry seems to be a very important topic for investigation in Saudi Arabia because it can contribute greatly to three strategic goals of Vision 2030: “2.1. Aim: To examine the outlook of the Saudi Arabian nursing profession in relation to the recently launched Kingdom 2030 Vision. Saudi Arabia’s Council of Economic and Development Affairs said that access to emergency health services within 4 hours has become a lot more efficient. The Saudi Arabia PIF is on the verge of buying Newcastle United - a move that forms part of a wider vision to diversify the economy beyond oil (Credit: Pixabay/Wikimedia Commons/Harshil Gajjar) More than 30 million pilgrimages from around the globe come for religious events every year. The vision 2030 covers a broad spectrum of activities in society, which require keen attention from the government. EcoBeliever knows that our strength lies not only in the words we stand by, but most importantly through the actions of our initiatives. (Bloomberg) -- Five years ago, Saudi Arabia launched Vision 2030, an aspirational program with economic diversification at its heart. The Saudi Vision 2030 mentions under the section: “A developed digital infrastructure” that a sophisticated digital infrastructure is integral to today’s advanced industrial activities. Saudi leaders undoubted-ly watched with alarm as the bottom dropped out of the global oil market. Vision 2030 aimed to reduce Saudi Arabia’s dependence on oil revenue, transform and diversify the economy, and improve public sector services. Saudi Aramco IPO is a ‘critical milestone’ in the Vision 2030 project. Greg Clark is group advisor for future cities and new industries at HSBC, a bank that has a long history of doing business in Saudi Arabia and owns 51% of a local bank. The price of oil, which had been $115 per barrel in June 2014, plunged rapidly, reaching as low as $28 Created with Sketch. Saudi Arabia facilities management market is estimated to reach USD49.82 billion by the end of 2030. In 2018, the Kingdom reported the world’s third largest military expenditure, and topped the global list of the highest military spenders per GDP. It is being used as a basis of identifying the general direction of policies¹. On April 25, 2016, after decades of noting the need to diversify Saudi Arabia’s sources of income, the country officially unveiled its ambitious plan: “Saudi Vision 2030.” The plan, of which only part was published, was originally drafted by 31-year old Deputy Crown Prince, Minister of Defense, and Chairman of the Council for Economic and … Continued Saudi Arabia is positioning itself as a strategic business hub in the Islamic world and as a connector of three continents. Hana … The vision has 3 main pillars: the status of the country as the "heart of the Arab and Islamic worlds"; the determination to become a global investment powerhouse; and finally to transform the country's location into a hub connecting the 3 continents (Asia, Europe, Africa). These are in line with Saudi Vision 2030 and one of the main changes it will bring about lies in the financing of healthcare. (Revised December 2020.) we aspire to excel in sports and be … http://www.weforum.org/Saudi Arabia’s reform plans aim to transform the country’s economy and society and move away from its oil dependency. The oil-dependent Kingdom of Saudi Arabia has a long-term blueprint to transform itself into a diversified economy, with non-oil government revenues projected to increase six … As mentioned before, the Kingdom is committed to reducing its dependence on oil for a greener future. Key goals include reinforcing economic and investment activities, increasing non-oil international trade, and promoting a softer and more secular image of the Kingdom. It’s been nearly two years since Saudi Arabia’s Deputy Crown Prince Mohammed bin Salman (MBS) unveiled his “Saudi Vision 2030” to reduce the Kingdom’s reliance on oil in hopes of reviving its declining economy. Tourism is a lynch pin of Saudi Arabia’s diversification plan. It also consists of increasing government spending on the military, as well as manufacturing equipment a… Saudi Arabia's Vision 2030 to establish a more open economy. By JohnWallStreet. ( Source National industrial development & logistic programme, Vision 2030) Logistics: Saudi Arabia is seeking to create the right conditions to transform Saudi Arabia into a logistics hub, including improving infrastructure, transport networks, land, sea, and airports. This 2030 vision is based on three points: A Vibrant Society. The Saudi Arabia Public Investment Fund is on the cusp of a £300m takeover of the Premier League club in the latest piece of the Vision 2030 jigsaw. As we all know that Saudi Arabia is the focal point of all the Muslim nations. The greater embrace of social liberalism and the Kingdom’s ambitions as a leisure tourism destination have been exemplified by Neom, a concept megacity which showcases Saudi Arabia’s progressive social outlook and the Kingdom’s smart city … Bookmark. Saudi Arabia: Vision 2030. by Richard H.K. According to Tadawul data, Saudi Arabia’s economy accounts for around half the $1.6trn represented by the GCC overall, making it the biggest market in the Arab world and the 19th-largest on the planet. Gender diversity and … So the Saudi governments announced the 2030 Vision, which aims to diversify income sources and away from ... is a returning Institute of Current World Affairs fellow who spent two years exploring economic change and society in Saudi Arabia and Lebanon. March 5, 2021 5:55am. Nader Habibi . Aim. The government of Saudi Arabia has proposed new regulations towards integrated waste management practices (KSA Vision 2030). Vietor, Haviland Sheldahl-Thomason, * * * * $8.95 * * * * * * Quantity: Item: # 718034-PDF-ENG Weight: 1.00 LBS. The Kingdom of Saudi Arabia is blessed with many rich assets. Saudi Arabia’s Hidden Worlds: Youth, Economy, and Vision 2030. Saudi Vision 2030 is Saudi Arabia’s vision for the future. Saudi Vision 2030 Places Emphasis on Sport. Even the small exertion of walking is more unpleasant. The backbone of logistics is transport, and the Kingdom is a major trade shipping route between Asia, Africa and Europe. Vision 2030 for Expatriates Most important is that Vision 2030 is also targeting Expatriates living in Saudi Arabia for opening ways for Investment and also giving residency status by issuing Green Cards as permanent residence status and generating $10 Billion SAR revenue from it. Saudi Arabia’s Hidden Worlds: Youth, Economy, and Vision 2030. Courtesy Diriyah Gate Development Authority. The current leadership in Saudi Arabia has given a thrust to improve healthcare quality in the country for two main reasons: improving the welfare of the citizens and higher efficiency compared to the current model. While Vision 2030 does call for attracting foreign workers to Saudi Arabia, this must be balanced with the development of the Saudi workforce. This is our “Saudi Arabia’s Vision for 2030.” We will begin immediately delivering the overarching plans and programs we have set out. stc and Ericsson key contributors to realizing Saudi Arabia’s Vision 2030. stc and Ericsson sign Memorandum of Understanding (MoU) on network infrastructure development at Mobile World Congress (MWC) Barcelona. Saudi Vision 2030 es el programa de reformas económicas y sociales con el que Arabia Saudí pretende diversificar su economía y superar su dependencia del petróleo. Saudi Vision 2030 (Arabic: رؤية السعودية ٢٠٣٠ ruʾīẗ al-sʿūdīẗ) is a strategic framework to reduce Saudi Arabia's dependence on oil, diversify its economy, and develop public service sectors such as health, education, infrastructure, recreation, and tourism. Even the small exertion of walking is more unpleasant. On April 25, 2016, the Saudi government presented Vision 2030, a sweeping plan for moving the kingdom beyond oil dependence. On that date Saudi Arabia’s then Deputy Crown Prince Mohammed bin Salman announced details and contours of what we have come to know as the path-breaking, paradigm-shifting Saudi Vision 2030. Dieting is painful given his body’s cravings. Ziad Daoud (Economist), Bloomberg News. The 2011 Nitaqat Law codified Saudization, mandating companies to have a minimum percentage of their workers be Saudi citizens. And the inability to imagine that his sacrifice and suffering eventually will lead to good health makes it easy to revert to old habits. In an interview with Al Arabiya news, Deputy Crown Prince Mohammed bin Salman unveiled the Vision 2030 … I. n April 2016, Saudi Arabia’s then Deputy Crown Prince, Mohammed bin Salman, announced Saudi Vision 2030, an ambitious set of initiatives whose stated aim is to diversify the country’s economy while also implementing significant social and cultural reforms. Saudi Vision 2030 includes the aim of ‘encouraging widespread and regular participation in sports and athletic activities, working in partnership with the private sector to establish additional dedicated facilities and programmes . Saudi Arabia joins global oil producers to form 'net-zero forum' • What are the strategic objectives at the heart of Saudi Arabia's Vision 2030? Upon launching Saudi Vision 2030 five years ago, the Saudi Ministry of Petroleum name was changed to Ministry of Energy, which had already marked a new era introducing renewable energy. According to Chinese-state run news agency Xinhua, Chinese vice Premier Han Zheng chaired the third annual China-Saudi Arabia High-level Joint Committee, … One of the critical factors in vision 2030 is to continue with the presentation of … Salman's "Vision 2030" plan to revolutionize the Saudi economy is visionary but unsound. Saudi Vision 2030 es el programa de reformas económicas y sociales con el que Arabia Saudí pretende diversificar su economía y superar su dependencia del petróleo. Dieting is painful given his body’s cravings. Five years ago, Saudi Arabia launched Vision 2030, an aspirational program with economic diversification at its heart. Nursing in Saudi Arabia has advanced noticeably in education and clinical practice, but challenges remain in building and sustaining a Saudi nursing profession and workforce. Apr 28 2021, 2:02 PM Apr 28 2021, 4:51 PM. Share. The program will thereby generate new job opportunities for Saudis, enhance trade and maximize local content. Riyadh: Saudi Crown Prince Mohammed bin Salman, deputy Prime Minister and minister of defense, said on Tuesday that the Saudi Arabia would achieve many of its Vision 2030 goals before 2030. Saudi Arabia says it wants to minimize its dependence on oil. Vision 2030. The Kingdom’s 2030 reform programme hopes to reduce its dependence on … Saudi Vision 2030 Places Emphasis on Sport. Tourism is at the heart of accomplishing much of this vision. Saudi Vision 2030 has garnered strong local support and is backed by the one of the most powerful men in the Kingdom Prince Mohammed bin Salman. Despite having the ability and resources, the execution of the plan would be a formidable challenge for Saudi Arabia. Usarán la riqueza y la posición obtenida con el crudo para hacer grandes cambios en su estructura económica. Saudi Vision 2020 has three themes: vibrant society, thriving economy, and ambitious nation. Announced in 2016 by Crown Prince Mohammed bin Salman, Vision 2030 is an ambitious scheme that intends to completely reshape the kingdom’s economy into one that is self-sufficient, progressive and diversified. When the Kingdom of Saudi Arabia (KSA) was the subject of multiple drone and missile attacks on its vast oil infrastructure in September 2019, the news sent shockwaves through the oil sector as well as geopolitical circles. Saudi Arabia August 24 2016. Back in June, work commenced on the world’s largest cultural and heritage development project. An Ambitious Nation. Saudi Arabia, being the largest market for facilities management services in the Gulf Cooperation Council (GCC) region accounted for a value share of about 55% in the region’sfacilities management market in 2016. Saudi Vision 2030 Origem: Wikipédia, a enciclopédia livre. China and Saudi Arabia have agreed to deepen their collaboration on trade, transportation and cargo logistics and coordinate the Belt and Road Initiative (BRI) and Vision 2030 after the two countries’ leaders met in Beijing.. The government aspires to make people happy and make the Kingdom a model of tolerance in the Muslim world. Vision 2030 was built on 3 pillars that draw on KSA's intrinsic strengths Our strengths Pillars of Vision 2030 • …with fulfilling lives • …with strong foundations • …with strong roots A vibrant society • …rewarding opportunities • …investing for the long-termThe • …open for business • …leveraging its unique position A thriving economy رؤية 2030 هي خطة جريئة قابلة للتحقيق لأمّة طموحة. إنها تعبر عن أهدافنا وآمالنا على المدى البعيد، وتستند إلى مكامن القوة والقدرات الفريدة لوطننا. 7. Despite remaining challenges, many anticipate an acceleration of this improvement in Saudi Arabia’s business environment as Vision 2030 gathers pace. They shifted most of the government to apps and websites so they achieved the e-government goal they increased foreign investment by 7% between 2018 and 2019 according to the UNCTAD’s world investment report of 2020. Vision 2030 defines the general direction, policies, goals, and objectives of the Kingdom. 06/07/2021. 0 Vision 2030 is a bold yet achievable blueprint for an ambitious nation. . The Vision 2030 blueprint organizes Saudi Arabia’s unique strengths and capabilities into a long-term strategic plan to address the core challenges of breaking away from reliance on a single product economy. RUMAIH AL RUMAIH: Vision 2030 and the NTP have given Saudi Arabia a clear direction. But let’s keep focused: 12 years from now, Saudi Arabia will reach a milestone with its Vision 2030 for a sustainable future that centers around three themes: A vibrant society, a thriving economy and an ambitious nation. For now, Saudi Arabia has just one large solar plant under construction, the 0.3GW Sakaka project, awarded to local firm Acwa Power in February 2018 at a cost of $302 million.
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