Brief Analysis
Saudi Arabia s Vision 2030 repeats old mistakes of relying heavily on new megaprojects and ignoring regional advantages in research and education.
When Saudi Arabia’s Mohammed bin Salman gave an update on Vision 2030 in an interview last month, his optimism was substantially more muted than at its unveiling five years ago. This is hardly surprising to anybody who is familiar with the Gulf’s Visions. Vision 2030 is hardly the kingdom’s first attempt at economic transition, nor is it in any way unique in the region. Every GCC member country has a plan how to wean its economy off rentier paradigm based on fossil fuel wealth.