It is also a crucial source of infrastructure for international trade and transportation sectors by land, sea, and air. It serves as a central hub connecting Asia, Africa, and Europe via its proximity to major waterways, making it a vital centre for trade and investment in the Middle East. * Thirdly, the country’s geographic and strategic location provides an array of advantageous attributes. The country’s Public Investment Fund (PIF) is one of the world’s largest sovereign wealth funds, boasting over $400 billion in assets and expected to exceed $2 trillion by 2030. This provides a dependable assurance for optimising resources and propelling national economic prosperity.
Its substantial investment capabilities place it among the world’s top economies, according to the Global Investment Capability Index, ranking 16th globally in 2021. * Secondly, the country’s massive investment capabilities underpin the stability and effectiveness of Saudi Arabia’s Vision 2030 plan. Moreover, its Arab identity places it at the forefront of the Arab world, serving as a focal point for various forums, issues, and events. This value is rooted in its Islamic identity and its status as the Custodian of the two holy mosques, as well as its position as the holiest place on earth. * Firstly, there is the Kingdom’s spiritual significance and symbolic value in the hearts of more than a billion Muslims across the globe. These factors have been essential in achieving the vision’s objectives, and they are as follows: By giving these factors his undivided attention, the Prince has been able to confidently wield his influence and drive change. These factors represent the bedrock upon which the Prince’s influence, decisiveness and change-making abilities have been built, propelling him to achieve successive accomplishments. Three key factors that captured the attention of Prince Mohammed bin Salman and fuelled his commitment to success have emerged as pivotal components of the Vision 2030 strategy. The Vision 2030 plan, with its strategic pillars, methodology and planning, has set a clear course towards fulfilling the country’s goals by implementing success factors that support growth, overcome hurdles and challenges, and continue to reap benefits. His comprehensive approach portrays Saudi Arabia not just as an oil-rich state, but as a remarkably prospering nation in all crucial sectors, with the resilience to endure unforeseen existential challenges and crises that may arise with or without oil.
The Crown Prince’s unwavering determination to bring about the necessary transformation has been the driving force behind the reliability and effectiveness of these achievements and their tools.
Since its inception, the vision has exceeded all expectations, surprising both domestic and international observers with remarkable accomplishments in the first half of the plan. To achieve this, he has pledged to compete regionally and internationally in various fields such as politics, economics, society, and culture. The Crown Prince, being the notable ambassador of the Saudi youth, has taken it upon himself to strive for his country’s development on a global scale. Crown Prince Mohammed bin Salman bin Abdulaziz, who chairs the Council of Economic and Development Affairs, has likewise embraced this vision with creative zeal and unshakable conviction in his country’s potential for success. This driving goal was deeply embedded in the mind of King Salman bin Abdulaziz Al Saud, the Custodian of the Two Holy Mosques, as he sought to lead his country towards a prosperous and pioneering future. When Saudi Arabia unveiled its ambitious Vision 2030 strategy over seven years ago, it set its sights on becoming a global leader in all facets of development.
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