Saudi Vision 2030

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Saudi Vision 2030, sometimes called Project 2030 or Saudi Vision, is a government initiative launched on 25 April 2016 by the Saudi government and Crown Prince Mohammed bin Salman to diversify Saudi Arabia's economy, society, and culture. The project aims to improve fiscal management and reduce the country's economic dependence on oil. By 2026, multiple ambitious megaprojects associated with Saudi Vision 2030 had been watered down, put on hold or abandoned, most notably the failed $500 billion Neom megaproject. As of 2022, Saudi Arabia's economy remains heavily dependent on oil revenue. Oil accounted for approximately 40% of Saudi GDP and 75% of its fiscal revenue. The Saudi Vision 2030 program faces strong criticism on various fronts, including its environmental impact, treatment of workers, and the forced evictions of over half a million people. Reportedly, over 21,000 workers have died on the job in program-related projects between 2017 and 2024, according to a 2024 investigation.

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