Saudi Arabia's Efforts in Implementing Saudi Vision 2030

Faiz, Fardien and Prasodjo, Haryo (2023) Saudi Arabia's Efforts in Implementing Saudi Vision 2030. Jurnal Public Policy, 9 (1): 1. pp. 70-74. ISSN 2477-5738

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Abstract

Saudi Arabia is a country that is quite rich in oil production. But within a few years of peaking
at the top, world oil prices have declined, which has seen Saudi Arabia drop below the United
States. The government of Saudi Arabia then responded to the decline in the economy caused
by fluctuating oil prices by compiling the Arab Vision 2030. The goal of the Arab Vision 2030
is to diversify the economy or want to release Saudi Arabia's economic dependence on oil
production. This study seeks to analyze the efforts made by Saudi Arabia in implementing the
Arab Vision 2030. This issue is more focused on the efforts that have been planned and will be
carried out. This study uses the concept of national interest to analyze Saudi Arabia's efforts
to implement Saudi Vision 2030. This research was conducted using a qualitative method with
a literature study and case study approach. The data was collected through primary and
secondary data in the form of articles, journals, and news in the mass media. This study
concludes that several efforts made by Saudi Arabia began with new, more liberal policies and
the creation of several infrastructures that support Saudi Arabia's economic diversification.
Saudi Arabia is trying to increase its economy through the non-oil and gas sectors. Muhammad
bin Salman, the Crown Prince, has a very important role in making policies related to economic
diversification in Saudi Arabia. The efforts can still be seen from various aspects, such as
increasing Saudi Arabia's investment in several countries and changing patterns of economic
development in the non-oil and gas sector.

Item Type: Article
Keywords: Goal, Government, Policies, Saudi Arabia
Subjects: J Political Science > JZ International relations
Divisions: Faculty of Social and Political Science > Department of International Relations (64201)
Depositing User: haryoprasodjo Haryo Prasodjo, M.A
Date Deposited: 07 May 2024 13:24
Last Modified: 07 May 2024 13:24
URI: https://eprints.umm.ac.id/id/eprint/6185

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