Saudi Arabia’s Strategic Leap towards a Diversified Economy and Technological Innovation
Kahtan Abedalrhman
Kanzi Business Consultant, Al-Khobar, Saudi Arabia.
Ammar Alzaydi *
Department of Mechanical Engineering, King Fahd University of Petroleum and Minerals, Dhahran, Saudi Arabia and Interdeciplinary Research Center for Biosystems and Machines, King Fahd University of Petroleum and Minerals, Dhahran, Saudi Arabia.
*Author to whom correspondence should be addressed.
Abstract
Saudi Arabia’s Vision is an ambitious blueprint designed to transform the nation by diversifying its economy, enriching its society, and maximizing its potential. This strategic initiative harnesses cutting-edge technology, forward-thinking policies, and significant societal changes to ensure sustainable growth and global connectivity. The paper explores the intricate elements of the Vision, highlighting the critical roles of digital infrastructure, artificial intelligence, renewable energy, and educational advancements. It analyzes how these components work together to promote economic diversification, cultural development, and social well-being. The paper also examines the challenges of implementing these comprehensive reforms and discusses effective strategies to overcome them, using specific case studies and international comparisons. It concludes with strategic recommendations to sustain momentum and achieve the Vision’s ambitious goals, offering insights not only for Saudi Arabia but for other nations pursuing similar paths.
Keywords: Vision 2030, economic diversification, technological innovation, policy reform, social transformation, sustainable development