Improving Standard of Living
Investments in Quality of Life (QoL) and massive infrastructural developments will help lift Standard of living of
Foreign Investments in the Kingdom
Economic diversification and new projects outside Oil & Gas sector has earned FDI inflows for the kingdom.
FDI flows increased by more than 120% between 2017 and 2018, reaching 3.2 billion.
Boost in Tourism
Focus is to develop Saudi Arabia as the next big tourist destination in MENA, KSA’s travel & tourism sector is expected to
contribute $70.9 Bn in total to the country’s GDP in 2019.
Lifting the Private Sector
Saudi government plans to lift private sector through ease of doing business in the kingdom and plans to create
1.2 million new jobs in the private sector by 2022.
Focus on Entertainment and Cultural Activities
Apart from investing itself in different seasons across the regions the govt.
specifically wants to increase household spending on cultural and entertainment activities inside the Kingdom to 6%
Developing Public Sectors
In a bid to restructure its economy from oil driven to a diversified economy with strong public sector pillars health,
education, infrastructure, recreation and tourism.
Source : Vision 2030. Lloyds trade bank Atlantis council