Vision 2030 and Entrepreneurship in Saudi

Vision 2030 and Entrepreneurship in Saudi

By Erika Masako Welch, 23 March 2023
Vision 2030 and Entrepreneurship in Saudi

The Kingdom launched Vision 2030 in 2016, a 15-year strategy and roadmap for Saudi Arabia to diversify its economy away from oil. It’s an ambitious plan to modernize the Kingdom to serve its youthful population and create millions of jobs that it needs for the stampede of young Saudi men and women graduating from colleges, domestic and abroad on government scholarships. The Kingdom opened its borders to international tourists for the first time in its history in 2019, in hopes that Tourism will contribute 10% of its GDP by 2030. The Kingdom is also developing a greenfield entertainment sector, to make the country a more attractive place to live and work. Entrepreneurship and small businesses are expected to play a major role in contributing to t

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