Tag #Vision 2030

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smh.com.au

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Aug 19, 01:17

Saudi Arabia's Renewable Energy Shift Threatens to Create Global Oil Surplus

Saudi Arabia, the world's largest oil exporter, plans to drastically reduce its domestic oil consumption by transitioning to 130 gigawatts of renewable energy by 2030, potentially creating a global oil surplus and impacting investment strategies in the energy sector.

Saudi Arabia's Renewable Energy Shift Threatens to Create Global Oil Surplus

Saudi Arabia, the world's largest oil exporter, plans to drastically reduce its domestic oil consumption by transitioning to 130 gigawatts of renewable energy by 2030, potentially creating a global oil surplus and impacting investment strategies in the energy sector.

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Affordable and Clean Energy

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What is the significance of Saudi Arabia's plan to replace oil-fired power generation with 130 gigawatts of renewable energy by 2030?

Saudi Arabia, the world's largest crude oil exporter, is significantly reducing its petroleum consumption by transitioning to renewable energy sources. This internal shift, driven by a 130-gigawatt renewable energy target by 2030, could lead to the largest single decline in global oil demand within the next five years, according to the International Energy Agency. This contrasts with the country's past, where oil consumption doubled since 2000, exceeding incremental demand from other large regions.

europe.chinadaily.com.cn

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Jul 16, 07:11

Saudi Arabia Opens Real Estate Market to Foreigners

Starting January 2025, Saudi Arabia will permit foreign ownership of real estate in designated areas, a key component of Vision 2030 aimed at diversifying the economy, attracting foreign investment, and increasing real estate supply; the move follows similar successful policies in the UAE.

Saudi Arabia Opens Real Estate Market to Foreigners

Starting January 2025, Saudi Arabia will permit foreign ownership of real estate in designated areas, a key component of Vision 2030 aimed at diversifying the economy, attracting foreign investment, and increasing real estate supply; the move follows similar successful policies in the UAE.

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Decent Work and Economic Growth

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What is the immediate economic impact of Saudi Arabia allowing foreign ownership of real estate, and how does it align with Vision 2030?

Starting January 2025, Saudi Arabia's new property law allows foreigners to buy real estate in designated areas like Riyadh and Jeddah, potentially attracting significant foreign investment and boosting the economy. This is a key part of Vision 2030, aiming to diversify the Saudi economy beyond oil. The move is expected to increase real estate supply and stimulate foreign direct investment.

nos.nl

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Jul 14, 01:11

Saudi Women's Workforce Participation Soars Under Vision 2030, Yet Structural Challenges Remain

Driven by Vision 2030 reforms, Saudi Arabia's female workforce participation has increased from 17 percent in 2017 to 35 percent in 2022, with women exceeding men in STEM graduation rates; however, challenges to structural inclusivity and emancipation persist.

Saudi Women's Workforce Participation Soars Under Vision 2030, Yet Structural Challenges Remain

Driven by Vision 2030 reforms, Saudi Arabia's female workforce participation has increased from 17 percent in 2017 to 35 percent in 2022, with women exceeding men in STEM graduation rates; however, challenges to structural inclusivity and emancipation persist.

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Gender Equality

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What is the extent of women's increased participation in Saudi Arabia's workforce and STEM fields, and what government initiatives are driving these changes?

Saudi Arabia has witnessed a significant rise in women's workforce participation, increasing from 17 percent in 2017 to 35 percent in 2022, driven by government initiatives under Vision 2030. This is particularly evident in STEM fields, where women constitute over one-third of graduates, exceeding even the Netherlands' rate.

elmundo.es

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May 13, 01:12

Neom SC: Saudi Arabia's Football Power Play

Saudi Arabia's ambitious Neom project includes Neom SC, a football club rapidly rising through massive investments to compete globally, reflecting Vision 2030's economic diversification and soft power strategies, despite construction setbacks.

Neom SC: Saudi Arabia's Football Power Play

Saudi Arabia's ambitious Neom project includes Neom SC, a football club rapidly rising through massive investments to compete globally, reflecting Vision 2030's economic diversification and soft power strategies, despite construction setbacks.

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Sustainable Cities and Communities

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What is the significance of Neom SC's rapid rise within the context of Saudi Arabia's Vision 2030 plan and broader geopolitical strategies?

The Saudi Arabian government's Vision 2030 plan aims to diversify the economy beyond oil, with the Neom project playing a key role. This includes developing Neom SC, a football club rapidly rising in prominence through significant investments, aiming to compete with top European clubs. The project's ambition is evident in its pursuit of star players and the recent awarding of the 2034 FIFA World Cup to Saudi Arabia.

jpost.com

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Apr 19, 01:13

Saudi Arabia's Oil-Fueled Transformation and its Uncertain Future

Jack Philby's 1932 deal with Standard Oil of California granted oil rights in Saudi Arabia, leading to the discovery of massive reserves in 1938, transforming the impoverished kingdom into a wealthy nation now facing challenges due to global shifts towards renewable energy and seeking diversificatio...

Saudi Arabia's Oil-Fueled Transformation and its Uncertain Future

Jack Philby's 1932 deal with Standard Oil of California granted oil rights in Saudi Arabia, leading to the discovery of massive reserves in 1938, transforming the impoverished kingdom into a wealthy nation now facing challenges due to global shifts towards renewable energy and seeking diversificatio...

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Reduced Inequality

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How did the discovery of oil reserves in Saudi Arabia impact the nation's economic and political development?

In 1932, Saudi Arabia was impoverished, facing a financial crisis. Jack Philby brokered a deal with Standard Oil of California, granting them oil rights in exchange for upfront payments, leading to the discovery of massive oil reserves and transforming the nation's fortunes.

forbes.com

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Feb 12, 13:17

Saudi Arabia to Launch Luxury Train, Dream of the Desert, in 2026

Saudi Arabia Railways (SAR) and Arsenale will launch the 34-suite luxury train, Dream of the Desert, in late 2026, traversing Saudi Arabia's Northern Railway network from Riyadh and featuring stops at AlUla, aligning with Vision 2030's tourism goals.

Saudi Arabia to Launch Luxury Train, Dream of the Desert, in 2026

Saudi Arabia Railways (SAR) and Arsenale will launch the 34-suite luxury train, Dream of the Desert, in late 2026, traversing Saudi Arabia's Northern Railway network from Riyadh and featuring stops at AlUla, aligning with Vision 2030's tourism goals.

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Sustainable Cities and Communities

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What is the significance of the Dream of the Desert train launch for Saudi Arabia's tourism and economic goals?

Saudi Arabia will launch a new 14-carriage luxury train, Dream of the Desert, in late 2026. Designed by Aline Asmar d'Amman, it will offer 34 suites and feature design elements inspired by Arabian hospitality and architecture. The train will travel through Saudi Arabia's Northern Railway network, with stops in locations such as AlUla.

bbc.com

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Jul 20, 10:09

Saudi Arabia Opens Property Market to Foreigners

Saudi Arabia's Council of Ministers approved a new law allowing foreigners to own property, starting January 2026, aiming to attract foreign investment and diversify the economy, although it may impact housing affordability for Saudi citizens.

Saudi Arabia Opens Property Market to Foreigners

Saudi Arabia's Council of Ministers approved a new law allowing foreigners to own property, starting January 2026, aiming to attract foreign investment and diversify the economy, although it may impact housing affordability for Saudi citizens.

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Decent Work and Economic Growth

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What are the immediate economic implications of Saudi Arabia's new foreign property ownership law?

Saudi Arabia's Council of Ministers recently approved a new law allowing foreigners to buy and own property, effective January 2026. This expands previous laws, offering unprecedented ease of ownership with certain conditions, aiming to attract foreign investment and diversify the economy. Details will be published soon on the government's 'Estilaa' system.

usa.chinadaily.com.cn

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Jul 16, 07:11

Saudi Arabia Opens Real Estate Market to Foreigners

Saudi Arabia will allow foreigners to buy property in designated areas starting January 2025, a key part of its Vision 2030 plan to diversify the economy and attract foreign investment, mirroring successful initiatives in the UAE.

Saudi Arabia Opens Real Estate Market to Foreigners

Saudi Arabia will allow foreigners to buy property in designated areas starting January 2025, a key part of its Vision 2030 plan to diversify the economy and attract foreign investment, mirroring successful initiatives in the UAE.

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Decent Work and Economic Growth

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What is the immediate economic impact of Saudi Arabia's decision to allow foreign real estate ownership, and how does it relate to Vision 2030?

Starting January 2025, Saudi Arabia will allow foreign ownership of property in designated areas like Riyadh and Jeddah, boosting foreign direct investment and potentially replicating Dubai's real estate success. This pivotal policy shift is expected to significantly impact the Saudi economy, attracting global investors and developers. The move is a key component of Saudi Arabia's Vision 2030 plan to diversify its economy.

dw.com

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May 14, 13:15

Trump-MBS Relationship Rooted in Billions in Arms Deals

President Trump and Saudi Crown Prince Mohammed bin Salman (MBS) share a close relationship driven by significant US arms sales to Saudi Arabia, amounting to hundreds of billions of dollars, despite differing views on issues like Israel and Saudi Arabia's internal reforms.

Trump-MBS Relationship Rooted in Billions in Arms Deals

President Trump and Saudi Crown Prince Mohammed bin Salman (MBS) share a close relationship driven by significant US arms sales to Saudi Arabia, amounting to hundreds of billions of dollars, despite differing views on issues like Israel and Saudi Arabia's internal reforms.

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Peace, Justice, and Strong Institutions

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What is the primary driver of the close relationship between President Trump and MBS, and what are its immediate consequences?

In March 2018, President Trump and Saudi Crown Prince Mohammed bin Salman (MBS) displayed a close relationship, marked by a White House meeting where Trump showcased Saudi Arabia's planned military equipment purchases from the US, calling the billions "peanuts." Trump's prioritization of Saudi Arabia as his first state visit in 2017, justified by a $450 billion arms deal, further highlighted this bond. MBS's swift congratulatory call after Trump's 2020 re-election and a pledged $600 billion investment in the US cemented their strong ties.

thetimes.com

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Apr 24, 01:16

Virgin Atlantic Expands to Saudi Arabia Amidst Economic and Social Transformation

Virgin Atlantic launched daily flights from London Heathrow to Riyadh, partnering with Saudia and the soon-to-launch Riyadh Air, to capitalize on Saudi Arabia's booming tourism sector and ambitious economic diversification plans, despite past controversies.

Virgin Atlantic Expands to Saudi Arabia Amidst Economic and Social Transformation

Virgin Atlantic launched daily flights from London Heathrow to Riyadh, partnering with Saudia and the soon-to-launch Riyadh Air, to capitalize on Saudi Arabia's booming tourism sector and ambitious economic diversification plans, despite past controversies.

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Sustainable Cities and Communities

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What are the immediate impacts of Virgin Atlantic's new daily flights to Riyadh and its partnerships with Saudi Arabian airlines?

Virgin Atlantic launched daily flights from Heathrow to Riyadh, partnering with Saudia and soon Riyadh Air, allowing seamless connections to other Saudi destinations. This collaboration provides Virgin passengers access to new routes and rewards programs, significantly expanding their travel options. The partnership also benefits Virgin Atlantic by opening access to new markets and revenue streams, and positions them for the expected growth in Saudi Arabian tourism.

lemonde.fr

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Mar 7, 19:11

Saudi Arabia Releases Prisoners to Improve Human Rights Image"

Saudi Arabia has released over 20 prisoners of conscience since Fall 2024, including human rights activists and members of the Howeitat tribe, as part of Crown Prince Mohammed bin Salman's efforts to improve the kingdom's human rights image and attract foreign investment for projects like Vision 203...

Saudi Arabia Releases Prisoners to Improve Human Rights Image"

Saudi Arabia has released over 20 prisoners of conscience since Fall 2024, including human rights activists and members of the Howeitat tribe, as part of Crown Prince Mohammed bin Salman's efforts to improve the kingdom's human rights image and attract foreign investment for projects like Vision 203...

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Peace, Justice, and Strong Institutions

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How does the Saudi government's approach to dissidents in exile relate to its plans for major events and economic modernization?

The releases are part of a broader strategy to counter negative perceptions of Saudi Arabia's human rights record, which has hampered its efforts to attract foreign investment and host major events. The Saudi government's outreach to exiled dissidents, offering them safe return, indicates a top-level decision to mitigate reputational damage.",

forbes.com

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Feb 6, 19:08

SVC's $1 Billion Investment Drives Saudi Arabia's VC Leadership in MENA

The Saudi Venture Capital Co. (SVC) invested $1 billion since 2018, boosting Saudi Arabia to the top spot in MENA VC investments in 2024 with $750 million (40% of the regional total) and 178 deals, a 16% increase, while supporting Saudi Vision 2030's economic diversification.

SVC's $1 Billion Investment Drives Saudi Arabia's VC Leadership in MENA

The Saudi Venture Capital Co. (SVC) invested $1 billion since 2018, boosting Saudi Arabia to the top spot in MENA VC investments in 2024 with $750 million (40% of the regional total) and 178 deals, a 16% increase, while supporting Saudi Vision 2030's economic diversification.

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Decent Work and Economic Growth

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What is the impact of SVC's investments on Saudi Arabia's venture capital market and its standing in the MENA region?

Since its inception in 2018, the Saudi Venture Capital Co. (SVC) has invested $1 billion, contributing to Saudi Arabia's rise as the leading MENA destination for venture capital, securing $750 million (40% of the regional total) in 2024. This success is reflected in a 16% increase in deal flow, with 178 deals completed.

Showing 1 to 12 of 16 results