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The Vision of Saudi Crown Prince: A Developmental Renaissance for Gulf Region

The Vision of Saudi Crown Prince: A Developmental Renaissance for Gulf Region

Tuesday, 5 January, 2021 - 10:15

Saudi Crown Prince Mohammed bin Salman affirms that the development and progress achieved by the Gulf Cooperation Council countries will make them distinct hubs for foreign investments, promising sectors, and youth empowerment.


A report published by the Saudi Press Agency (SPA) monitored several areas of development. The report said that the Crown Prince, during his speech about the ambition to transform the region into a new Europe in the coming years, foresaw great achievements that would bring prosperity and progress to its peoples.


During his participation in a panel discussion within the Future Investment Initiative 2018, Prince Mohammed bin Salman cited Dubai as a model in the Middle East, saying that it has witnessed remarkable development since the 1990s. He noted that he was looking forward to raising the bar of constructive competition among the countries of the region to achieve integration in various areas of joint work.


The report highlighted the Crown Prince’s vision for the Middle East and the Gulf Cooperation Council countries, aiming at strengthening institutions and preserving the council system, the prosperity of states, and the development of peoples.


The report said that Prince Mohammed bin Salman was engaging his country in a comprehensive development renaissance that stems from the ambitious Vision 2030 to achieve its goals in various fields.


Saudi Arabia, with the support and follow-up of the Crown Prince, is witnessing the launch of a number of major plans, including the NEOM project that targets the future of human civilization. In his capacity as Chairman of the Board of Directors of the Public Investment Fund, Prince Mohammed bin Salman announced in July 2017 the launch of an international tourism project, under the name of “The Red Sea Project.”


The efforts of the Crown Prince resulted in the announcement of the formation of the Islamic Military Alliance in December 2015 to combat and confront terrorism and extremism, with the support of several countries and international organizations.


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