The roadmap to achieve Saudi’s goals of Vision 2030

Saudi Crown Prince Mohammed bin Salman’s announcement that the Kingdom aims to invest SR27 trillion ($7 trillion) by 2030 through an ambitious partnership between the government and private sectors has clearly set the guidelines of the National Investment Strategy to achieve the Vision 2030 goals.

The government will invest more than SR12 trillion through additional state spending over the next 10 years while the private sector will spend SR5 trillion over the same period. The public sector’s contributions will be made through specific sources such as the Public Investment Fund, which is expected to fund SR3 trillion, the Shareek program, which will contribute SR5 trillion, and the NIS is set to provide a fund amounting to SR4 trillion.

The planned expenditures will focus on manufacturing, renewable energy, tourism, digital infrastructure, transport and logistics, healthcare and manufacturing to propel the Kingdom to be among the top 15 global economies by 2030.