ablcc_newsletter-4th-edition-2021_A5_04

7 access opportunities, opening up a wide and diverse range of economic sectors. What are other concrete steps that have been taken to further improve the country’s investing environment? One key goal of vision 2030 is opening up opportunities for investment – domestic or foreign - with the public investment fund playing an instrumental role in the process. The ultimate goal being, as you said, to position Saudi Arabia as a pre-eminent business hub for the entire Middle East. To that end, numerous reforms and adjustments have been adopted to really make the environment in Saudi Arabia the most attractive and conductive environment for businesses of all sizes and kinds, be they local or international. Aside from opening up new Business opportunities, new investments laws have been enacted to facilitate the issuance of Visas for foreign investors, broadening the scope of investments to cover new areas, unthought of before, such as tourism, historic sites, hotelier, cultural and entertainment sectors, etc. 3. Worldwide, big plans are being rolled out towards more sustainable economic developments, what efforts are being undertaken in this respect by the Kingdom of Saudi Arabia? Sustainable development is an ultimate goal of vision 2030… The way to achieve this is through terminating the habit of oil dependency and moving towards a more productive, efficient, diversified, and sustainable kind of economy. In accordance with the agenda of the National transformation program, many fiscal and economic policies were adopted by the Government of Saudi Arabia. With each and every one of the transformative development plans and strategies adopted in this program designed and elaborated in a way that guarantees steady growth and sustainability. More specifically, and in the course of achieving sustainable development, we are currently moving steadily in the direction of terminating poverty and securing high standards of public health and education in addition to dealing with environment problems - such as pollution and drought - and increasing job opportunities, to name but a few. LEARN MORE ON PROJECT HQ PROJECT HQ IS An initiative, launched in early 2021, which foresees that by 2024 any company with government contracts must have its regional headquarters in the country. https://investsaudi.sa/en/sectors- opportunities/regionalHQ