STRATEGI EKONOMI ARAB SAUDI DALAM MEWUJUDKAN REWARDING OPPORTUNITIES PADA SAUDI VISION 2030

Abstract

Saudi Arabia, a major player in the Middle East, holds the world’s second-largest oil reserves, making it a dominant economic force in the region. As of 2016, oil exports accounted for nearly 75% of Saudi Arabia's total export value. Despite its global demand, oil price volatility poses a significant risk to economic stability. To address this, Saudi Arabia launched the Saudi Vision 2030 initiative under Crown Prince Mohammad bin Salman. This strategic plan focuses on economic diversification to reduce dependency on oil. The Vision is structured around three main pillars: A Vibrant Society, A Thriving Economy, and An Ambitious Nation. This study examines the "A Thriving Economy" pillar, which targets economic development through Rewarding Opportunities, Investing for the Long-Term, Open for Business, and Leveraging Its Unique Position. Key goals include enhancing education, supporting SMEs, and improving gender equality in the workforce. The Vision aims to create a robust, diversified economy by reducing unemployment, increasing SME contributions to GDP, and boosting female labor participation. Saudi Vision 2030 seeks to transform Saudi Arabia into a global trade hub, fostering economic growth and prosperity beyond oil dependency.