Beyond Vision 2030: Evaluating Saudi Arabia's Path Toward Sustainable Economic Growth
Year: 2024
Type: article
Abstract: Keywords: Saudi Arabia, Vision 2030, sustainable economic growth, economic diversification, energy sector, tourism sector, technology sector, finance sector, foreign investment, sustainability, environmental impact, socio-economic development, policy evaluation, data visualization, Saudi economic reform Abstract In this article, Saudi Arabia’s Vision 2030 has been critically analysed to assess the progress made toward achieving a diversified, non-oil-based economy. By surveying major industries such as energy, tourism, information technology, and finance, the paper examines the comprehensive measures and programs undertaken to stimulate economic growth, attract foreign investment, and foster innovation. It delves into the Kingdom’s strategic reforms aimed at creating a sustainable and resilient economy, highlighting how these efforts align with global trends in economic diversification and technological advancement. The article also evaluates the environmental and socioeconomic costs and benefits of these initiatives, offering a balanced perspective on their successes, shortcomings, and areas for improvement. Additionally, it underscores Vision 2030’s alignment with global sustainability objectives, showcasing Saudi Arabia’s commitment to adopting innovative technologies and integrating sustainable practices into its economic framework. Furthermore, this analysis explores the transformative potential of Vision 2030, detailing its role in positioning Saudi Arabia as a forward-thinking nation ready to embrace new economic paradigms. By providing a detailed overview supported by graphics and visual representations, this study aims to enrich the understanding of Saudi Arabia’s journey toward a sustainable economy. The findings presented in this article are not only of interest to policymakers and investors but also to scholars and individuals interested in the broader implications of economic reform in the region.
Author: Kiani, Danial
Language: English
Domain: Social Sciences
Open Access status: diamond
OpenAlex ID: W6912219962
FWCI:
Cites:
Cited by:
Related to: