Saudi Arabia Updates Vision 2030 Strategy

Saudi Finance Minister Mohammed Al-Jadaan has discussed the reasons behind Saudi Arabia's decision to update its Vision 2030 strategy. Bloomberg posted on X that the kingdom aims to adapt to changing global economic conditions and ensure sustainable growth. The updated strategy focuses on diversifying the economy, reducing reliance on oil, and enhancing the quality of life for its citizens. Al-Jadaan emphasized the importance of innovation and investment in new sectors to achieve these goals. The Vision 2030 initiative, originally launched in 2016, seeks to transform the Saudi economy and society by the end of the decade.