Cabinet of Saudi Arabia approves Vision 2030
Q. Cabinet Secretary of Saudi Arabia approved a broad based economic reform plan on 25th April called _____________.- Published on 27 Apr 16a. Vision 2050
b. Vision 2040
c. Vision 2030
d. Vision 2020
ANSWER: Vision 2030
The Saudi Arabian kingdom on 25th April 2016 approved the Vision 2030 which is a broad based economic reform plan. Vision 2030 maps the path for diversifying Saudi economy within the next one and a half decades and ensure that Saudi Arabia lives without oil by 2020.
- Vision 2030 involves forming public investment fund, increasing affordable housing and providing expats with long term residence rights
Vision 2030 has the following three pillars:- Saudi Arabia is at heart of Islamic and Arab worlds
- Determination for becoming an international investment powerhouse
- Turning Saudi Arabia into a hub connecting three continents