Projects Under ‘Saudi Vision 2030’ Set to Enter Implementation Phase

Saudi Vision 2030 continues with implementation steps for targeted economic transformation (Asharq Al-Awsat)
Saudi Vision 2030 continues with implementation steps for targeted economic transformation (Asharq Al-Awsat)
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Projects Under ‘Saudi Vision 2030’ Set to Enter Implementation Phase

Saudi Vision 2030 continues with implementation steps for targeted economic transformation (Asharq Al-Awsat)
Saudi Vision 2030 continues with implementation steps for targeted economic transformation (Asharq Al-Awsat)

National development projects launched under “Vision 2030” in Saudi Arabia are witnessing remarkable and steady progress as they move forward from planning to implementation across the Kingdom.

Considered bold, yet achievable, these projects will raise the international bar in terms of quality, environmental friendliness, sustainability, and the use of renewable and alternative energy.

Largescale developments like “The Line”, “Red Sea”, “AlUla”, “AlSouda”, renewable energy programs like The National Renewable Energy Program (NREP), and initiatives like the “Riyadh Strategy” are steadily moving Saudi Arabia towards achieving the goals envisioned by its national transformation plan for the decade.

The Line, for example, offers a never-before-seen approach to urbanization – a 170km-belt of re-imagined urban development with multiple, hyper-connected communities, with natural and walkable spaces.

It is a model of urban design and livability that puts people and the planet in harmony for the 21st century and beyond. Built around nature, rather than over it, large areas of land will be preserved for conservation, supporting NEOM’s environment and rich heritage.

Construction of the smart city will start in the first quarter of 2021 and is set to be a home for more than 1 million people from all over the world and will create a platform for innovation and prosperous businesses.

It will also help in addressing some of the world’s most pressing challenges, like climate change, urban sprawl, traffic congestion, and social disconnection.

Meanwhile, the Riyadh Strategy is on track to generate mega projects, create job opportunities, and expand the Saudi capital’s economic horizons.

It aims to make Riyadh among the top 10 economic cities in the world to drive forward the country’s economic, industrial, and tourism growth in upcoming years.

Moreover, the scheme targets increasing the capital’s population from 7.5 million to around 15 to 20 million in 2030.



Albudaiwi: Advantage Oman Forum Offers Valuable Investment Insights

Gulf Cooperation Council (GCC) Secretary-General Jasem Albudaiwi
Gulf Cooperation Council (GCC) Secretary-General Jasem Albudaiwi
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Albudaiwi: Advantage Oman Forum Offers Valuable Investment Insights

Gulf Cooperation Council (GCC) Secretary-General Jasem Albudaiwi
Gulf Cooperation Council (GCC) Secretary-General Jasem Albudaiwi

Secretary-General of the Gulf Cooperation Council (GCC) Jasem Mohamed Albudaiwi said that the Advantage Oman Forum is a valuable opportunity offered by Oman to discuss and review investment opportunities and initiatives, as well as future transformations in promising sectors in this field.
This came during Albudaiwi's participation in the first edition of the Advantage Oman Forum, which was held under the patronage and attendance of Omani Deputy Prime Minister for Defense Affairs Sayyid Shihab bin Tarik Al Said, and in the presence of a number of ministers of the GCC countries, Sunday in Muscat. A group of senior officials and decision-makers participated in the forum, SPA reported.
The Secretary-General stated that Oman's Organisation of this forum reflects the insightful vision of the wise Omani leadership to strengthen the national economy and attract global investments, thus contributing to achieving sustainable development goals. He also praised the forum's activities and the workshops as well as the dialogue sessions it included, which provide the elements of success and sustainability for this forum, making it a regional and international platform and a destination for those interested in economic and investment affairs in Oman.
Furthermore, Albudaiwi added that Oman, with its attractive investment environment, advanced infrastructure, well-thought-out economic policies and significant economic, in addition to investment growth indicators, has become a destination for investors from around the world, stressing that this strengthens its position as a key pillar in the economies of the GCC countries and supports the council's aspirations for regional economic integration.
The Secretary-General concluded his statement by expressing his confidence that the forum will achieve positive results that will contribute to expanding the horizons of economic and investment cooperation between the GCC countries and the world, and support the comprehensive development process in the region.