Monday, 15 January, 2024

Vision becomes reality for Saudi businesses

Saudi Arabia is undergoing the most consequential and systematic growth revolution of our times

Inside Saudi

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Let’s talk facts. Saudi Vision 2030’s ultimate aim is to drive economic activity within the country and across the wider region. The numbers are substantial: Vision 2030 is driving a full $1trn of construction projects, from the ‘linear city’ NEOM to a new airport.

Funding for these ambitious developments primarily derives from the country’s continued export of fossil fuels, with the sovereign wealth and pension funds’ collectives assets under management already exceeding that same $1trn figure.

But the numbers don’t capture the essence: Saudi Arabia is undergoing the most consequential and systematic growth revolution of our times, the fastest and most dramatic supply side reform since the collapse of Communism or economic reform under Deng Xiaoping in China.

The IMF said it best: “Saudi Arabia is taking impressive steps to improve the business environment, attract foreign investment and creative private sector employment. Saudi Arabia’s economic outlook is strong.”

Goldman Sachs projects Saudi to become the 13th largest economy by 2050, up from 18th now. And with a recent coming of age in capital markets, investment is there, as is an educated, young, talented and diverse workforce.

Inside Saudi will inform you through the voices of the most successful Saudi business leaders, financiers, top executives, and key decision-makers across all industries and key institutions. We hope you will love it.

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