The Cabinet today approved the Kingdom’s Vision 2030, an economic blueprint for future.  Saudi Vision 2030 includes regulatory, budget and policy changes that will be implemented over the next 15 years.

The plan was developed by the Council of Economic and Development Affairs, which is chaired Deputy Crown Prince Mohammed bin Salman, Second Deputy Prime Minister and  Minister of Defense. It includes a number of goals and reform strategies for the Kingdom’s long-term economic success, including reductions in subsidies, the creation of a sovereign wealth fun, opening Saudi Aramco to private investment through a partial IPO, and reforms to several industries including tourism and defense.