Unique Strengths
There are many attributes that set Saudi Arabia apart in terms of its position in the world and its offering to the global community. It is these bespoke qualities and an evolving society that have transformed the perception of this innovative nation and underlined the aim of Vision 2030 to build a better country that is more internationally connected than ever before. Saudi Arabia’s unique strengths include:
- Its position as the land of the Two Holy Mosques, putting it at the heart of the Arab and Islamic worlds
- Its strong investment power that can foster a more diverse and sustainable economy
- Its strategic location as an integral driver of international trade as a connector between Africa, Asia and Europe
Vision 2030: Strategic Objectives
The overall concept of Vision 2030 was channeled into three strategic objectives to aim with mplementation. They are ‘Ambitious Nation’ – designed to enhance government effectiveness and enable social responsibility, ‘Thriving Economy’ – centred on increasing employment and diversifying he economy for better growth and finally ‘Vibrant Society’ which aims to strengthen Islamic and national identity and offer a fulfilling and health life to all residents and visitors.
An Ambitious Vision for an Ambitious Nation
Since the launch of Vision 2030, the foundation has been laid for great strides in the nation’s development. Thanks to a series of key reforms in the economic and societal spheres, Saudi Arabia has elevated its stature on the world stage, unlocking new opportunities for growth and investment. Luxury property investors, companies and UHNWIs are already recognising the unique benefits of Saudi Arabia in terms of future growth and strong, long-term investment return potential. One key part of that is the range and scope of the development projects that are part of the Vision 2030 agenda. They include the Middle East Green Initiative, Riyadh Art, Neom, the Low Power Research Reactor, the King Salman Energy Park, Green Riyadh, the Composite Aerostructure Factory, Amaala, Al Ula, the Saudi Genome Project, the Sakaka Solar Power Plant Project and Roshn. These projects cover a range of fields including destination transformation, energy policy, tourist attraction, homeownership rate improvement, heritage preservation, innovative progression and cultural celebration. They are already making waves in the local, regional and international markets, especially amongst investors who can see the lucrative potential they represent. This is the time for action.
If you would like to find out more about Vision 2030 development projects and other real estate investment opportunities, get in touch with one of our consultants at Saudi Arabia Sotheby’s International Realty today.
