Custodian of the Two Holy Mosques King Salman Bin Abdulaziz Al-Saud announced the beginning of an enormous initiative known as Saudi Vision.
The ambitious initiative is aimed at diversifying the economy of Saudi Arabia which primarily relies on Oil as a backbone for its GDP.
This project is set for completion by the year 2030, with the ultimate goal of setting up a stronger economy, more diverse and utilizing Saudi Experience.
Improving the Business Environment is one of the main focal points this initiative aims to achieve. The Project is set to further pursue public-private partnerships, continue to facilitate the flow of Private Investment and improve competitiveness.
Furthermore, the project is intended to nurture and develop the necessary capabilities to increase the quality and reliability of services in the kingdom.
Another focus in the initiative is the coordination between legislative authorities to review current regulations with the aim of improving the business environment and enforcing contracts.
Saudi Arabia’s strategic location makes a perfect opportunity to invest and start your business setup there. Economic reform is underway, reshaping the Oil economy as well as allowing new markets to thrive and emerge with this ambitious initiative.