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The program implement 543 initiatives across 24 ministries and government bodies. [ 5 ] [ 6 ] [ 7 ] The goal of the NTP is to increase the country's non-oil government revenue from SR163 billion to SR600 billion by 2020, increase the contribution from the private sector from 40% to 65% of GDP, and to expand the share of non-oil exports in non ...
Saudization (Arabic: السعودة), [1] officially the Saudi nationalization scheme and also known as Nitaqat (Arabic: النطاقات), is a policy that is implemented in the Kingdom of Saudi Arabia by the Ministry of Labor and Social Development, which requires companies and enterprises to fill their workforce with Saudi nationals up to certain levels.
The Saudi Fund for Development (SFD) (Arabic: الصندوق السعودي للتنمية) is a Saudi Arabian government agency that provides assistance to developing countries by financing social and infrastructure projects.
In 2017, SAGIA launched Tayseer program, aimed at improving the investment climate for private companies. [8] SAGIA has signed a number of major non-oil investment agreements. [7] At its third annual Future Investment Initiative (FII) conference, which took place in October 2019, SAGIA signed 23 agreements collectively $15 billion. [9]
Saudi Vision 2030 (Arabic: رؤية السعودية ٢٠٣٠ ruʾyat al-suʿūdiyah alfayn thalāthūn, sometimes called Project 2030) is a government program launched by Saudi Arabia which aims to achieve the goal of increased diversification economically, socially, and culturally, in line with the vision of Saudi Crown Prince and Prime Minister Mohammed bin Salman.
Saudi Arabia pledged $1 billion in export guarantees and soft loans to Iraq. For Lebanon, it pledged a total of $1.59 billion in assistance and deposits to the Central Bank of Lebanon in 2006 and pledged an additional $1.1 billion in early 2007. [8] Of that aid, $500 million were intended for reconstruction. [9]
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Saudi Vision 2030 is a Saudi Arabian government program launched by Crown Prince Mohammed bin Salman in January 2016. The program aims to diversify the Saudi economy away from oil, in addition to transforming the country both socially and culturally. [1] This following is a list of all projects that were announced as part of Vision 2030: [2]