Topic: BusinessIndustry

Last updated: February 18, 2019

Industry in Saudi Arabia Vision 2030
What is Saudi Arabia vision 2030? Will it be realized? If yes, how will the government achieve the goals set in the vision? Which are the major industries in Saudi Arabia? This research focuses on understanding the Saudi industries, economy and the scope of the vision 2030.
Saudi Vision 2030 is a plan to reduce Saudi Arabia’s dependence on oil, diversify its economy, and develop public service sectors such as health, education, infrastructure, recreation and tourism. Goals include reinforcing economic and investment activities, increasing non-oil industry trade between countries through goods and consumer products, and increasing government spending on the military, manufacturing equipment and ammunition.
Saudi Arabia’s industry sectors are dominated by petrochemicals and petrochemical based products. The main industries in Saudi Arabia include crude oil production, petroleum refining, ammonia, industrial gases, sodium hydroxide, fertilizers, cement, plastics, metals, construction, commercial ship and aircraft repair. Saudi Arabia Vision 2030 lays out targets for diversification and improving competitiveness. It is built


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