Commitment to the KSA 2030 Vision Driving Innovation and Economic Growth
Our commitment to producing petrochemical products and supporting essential industries like automobiles and home appliances in Saudi Arabia aligns seamlessly with the KSA 2030 Vision. Our partner, Swiss Home Appliances, combines Italian design with Korean technology to deliver reliable and innovative appliances that meet the evolving needs of Saudi consumers while reducing KSA reliance on imports. By investing in youth, supporting SMEs and startups, embracing digital transformation, and providing advanced logistics and customer care services, Pemex Arabian and Swiss Home Appliances are taking significant steps that contribute directly to the Vision’s objectives. Together, we aim to create thousands of direct and indirect job opportunities, driving the Kingdom’s economic diversification and social development goals.
The KSA 2030 Vision outlines an ambitious blueprint for the Kingdom’s transformation. It envisions a Story of Transformation, where Saudi Arabia will evolve from an economy dependent on oil revenues to one powered by diverse industries, global investment, and the capacity to create jobs and opportunities for all its citizens. The key points of the KSA 2030 Vision are as follows:
Economic Diversification
The KSA 2030 Vision emphasizes economic diversification by accelerating growth through strategic investments, developing new industries, fostering world-class leadership, and reducing dependence on oil exports.
Job Creation
A critical component of this vision is job creation, which focuses on empowering women and the younger generation. With over half of the Saudi population under the age of 25, these individuals are poised to become tomorrow's entrepreneurs and innovators.
Empowering Women
Empowering women is also a key priority, with the aim of supporting small and medium-sized enterprises (SMEs) to generate 35% of GDP by 2030. Currently, one-third of SMEs are operated by women, highlighting their vital role in the economy.
Environmental Sustainability
The vision places a strong emphasis on environmental sustainability, committing to a sustainable energy future that fosters economic growth while protecting the environment for future generations.
Digital Transformation
Digital transformation is another essential focus, as the plan seeks to transform Saudi Arabia into a digital society. This will be achieved through investments in IT infrastructure, promoting innovation and digital skills, and enhancing e-government services.
Global Engagement
Finally, global engagement is driven by the Public Investment Fund (PIF), which aims to unlock value in the Saudi economy by creating globally competitive national champions across various sectors.
