The potential of our younger generations is one of our most important and cherished assets. To capture it, we will build a culture that rewards determination, and nurtures the skills and opportunities to help them realize their individual potential. To this end, we will enable our economy to generate diverse job opportunities for young Saudis while attracting global talent.
Further opening up our country to investment will boost productivity and accelerate our journey to becoming one of the world’s largest economies. This will be achieved by improving our business environment, restructuring our economic cities, creating special zones and deregulating the energy market to make it more competitive.
Diversifying our economy is vital for its sustainability. We have long-term plans to increase our ranking among the 20 largest economies in the world. Despite the headwinds of the global economic slowdown, we are investing significantly in promising new growth economic sectors to further diversify the economy, and privatizing government services.
Saudi Arabia sits at the crossroads of important international trade routes between three continents: Asia, Europe and Africa. We will maximize the benefits of our exceptional geographic position, agree new strategic partnerships to grow our economy, and help Saudi companies to increase exports of their products. We will leverage our proximity to energy sources and our distinctive logistical offer to stimulate a new phase of industrialization and boost trade.