4 business opportunities in Saudi Arabia’s Vision 2030

Online, we often see "Vision 2030", "Saudi Arabia's Reform and Opening up", "Shenzhen in the Middle East", and other programs such as NEOM and QIDDIYA, but in fact, these are all part of Saudi Arabia's Vision 2030 and its keywords.The Saudi Arabia 2030 Vision Plan is a strategic framework developed by the Saudi government at the national level, aimed at reducing the country's economic dependence on oil, promoting sustainable development through the development of infrastructure, cultural and entertainment education, new energy technology, tourism, logistics and other industries, and achieving economic diversification.The main target details cover various aspects of social construction, including cultural construction, cultural heritage protection, infrastructure construction, education, healthcare, unemployment rate, development of small and medium-sized enterprises and private enterprises, women's labor participation, attracting foreign investment, and building an efficient and clean government image. This plan can be said to involve all government departments from top to bottom in Saudi Arabia.For enterprises, this vision plan has implications for us:

1. Infrastructure construction related: The vision plan clearly proposes the goal of increasing housing supply and strengthening infrastructure construction. In the fields of infrastructure construction and construction, there will be more space for deep cooperation in both raw material exports and related services.

2. Manufacturing: Saudi Arabia's manufacturing industry has a weak foundation and relatively low added value of exported products. Therefore, the transformation of the manufacturing industry requires technical support and actively demonstrates a shift in attitude towards embracing foreign investment. Whether it is precision processing and manufacturing related to oil, heavy industrial manufacturing, or light industrial manufacturing, there will be new opportunities.

3. Cultural and tourism related: Due to its unique position in YSL culture, Saudi Arabia will also build museums and art galleries, and take a series of supporting construction measures around cultural tourism and heritage protection. Based on YSL culture, related cultural and tourism derivatives and supporting service products will also have good opportunities.

4. E-commerce related: Vision 2030 proposes the goal of broadband construction and coverage, encourages investment in telecommunications and information technology, and accelerates the penetration of the Internet. Therefore, the Internet, e-commerce, live broadcast, and games will have greater development opportunities.

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