Crown Prince Mohammed bin Salman confirmed that the Kingdom’s Vision 2030 will achieve many of its goals before the year 2030, reviewing in an interview broadcast by Saudi visual media and the most important Arab television networks, the achievements of the vision in diversifying the Kingdom’s sources of income other than oil wealth, revealing the direction of preparation that We have Vision 2040, which will be the stage of competition on a global level, after achieving the goals of Vision 2030.

The added value is an interim decision

Prince Muhammad denied any tendency to impose income taxes in the Kingdom, and said, “There will be no income taxes at all in Saudi Arabia,” stressing that the maximum amount for imposing value-added tax is 15% for a period of 5 years, which is a temporary decision.

Selling stakes of Aramco to foreign investors

Prince Mohammed bin Salman revealed that shares of Aramco will be sold to foreign investors during the next year or two, explaining that Aramco has an opportunity to be one of the largest industrial companies in the world, and the discussion is currently to sell 1% of Aramco to a foreign investor.

Vision 2030 in order to realize the greatest ambition in a more robust economy and a better life for Saudis.

Prince Mohammed bin Salman said that oil served Saudi Arabia and the Kingdom as an existing country before oil, which still constitutes an essential part of income, then came Vision 2030 in order to achieve the greatest ambition for a stronger economy and a better life for Saudis, by strengthening the economy with funds and investments that will form a future support for the economy. In addition to stimulating the private sector to be a main supporter of the goals of the vision, he revealed discussions with 30 Saudi companies within the “partner” program.

He stressed that it is “in my interest for the Saudi nation to grow and for the citizen to be satisfied” in the face of the achievements of the ambitious vision programs in various sectors.

The Public Investment Fund aims to grow into a huge fund

He revealed that the Public Investment Fund (the sovereign fund) aims to grow into a huge fund, and therefore its profits will not be transferred at the present time to the state budget, and it will aim to increase the growth of the fund’s size by more than 200% in the next five years, and in the future the expenditures from this fund will not exceed the percentage 2.5%, and it will be a new oil for the Kingdom to other sources of income from the diversification of the economy, from the various other investment strategies of the Kingdom, including oil.

Investment Fund projects outside Saudi Arabia

In this context, he also revealed that the investment fund’s projects outside Saudi Arabia target a return of more than 10%, describing the Kingdom’s foreign policy as being based on Saudi Arabia’s interests, and the fund’s reputation and influence attracted investments. For example, Uber is the one that sought the investments of the fund that chooses its investments carefully according to The interests of the Kingdom, in a manner that does not conflict with international laws and the laws of other countries.

The goal of establishing “Roshen” company

He explained that the establishment of the investment fund for “Roshen” company aims to provide one million housing units in the Kingdom, out of 4 million targeted housing units.

Development of housing policies

The Crown Prince explained details related to the vision launched by the Kingdom in 2016, including developing housing policies, developing legislation, and ensuring an increase in the private sector’s contribution to the Kingdom’s economy, reviewing influential economic figures, most notably the escalation of the Saudi Stock Market Index (Tadawul), from levels 6 and 7. Thousands of points to more than 10,000 points at the present time, in addition to raising the percentage of Saudis’ ownership of homes to 60%, compared to 47% before the vision.

The unemployment

In the interview conducted by the journalist Abdullah Al-Mudayfer, the Crown Prince confirmed that unemployment before the vision was 14% and we aim to reduce it to 11% this year, then continue to reduce it to the natural rate between 7% to 4%, explaining that the tourism sector targets include 3 million new jobs. Until 2030.

Education

With regard to the level of education in the Kingdom, the Crown Prince considered that education in Saudi Arabia today is not bad, and “the vision aims to have 3 universities out of the 200 most important universities in the world,” indicating that educational resources have become open and the focus will be on skills development plans.

the health

Regarding health, Prince Mohammed bin Salman said that the transformation program in the health sector will make a major change in the level of services.

Riyadh city

And he considered that Riyadh was well planned by King Salman, and it is one of the best cities with infrastructure, compared to global cities with a population of more than 5 million, stressing that the focus will not be on Riyadh alone, but on the various cities of the Kingdom.

The Green Saudi Initiative and the Green Middle East

Regarding the Green Saudi Initiative and the Green Middle East, Prince Mohammed bin Salman said that vegetation cover in Saudi Arabia has increased over the past four years by 40%, explaining that concern for the environment has a direct impact on tourism and attracting capital.

Legal aspects

In the third part of the interview, Prince Muhammad bin Salman addressed the Sharia aspects, reiterating that our constitution is the Qur’an and the Basic Law of Governance stipulates that, making a comparison between the frequent hadiths and the hadiths of the Sundays, and he said that in the laws of the Kingdom, there is no punishment except with a clear Qur’an text or In the mutawater hadith. “

Relationship with the United States

Regarding the relationship with America, the Saudi crown prince said that the United States is an important partner for the Kingdom, and there is a Saudi consensus with the Biden administration by 90%.

Iran

He described Iran as “in the end a neighboring country, and we want a normal relationship with it, and for it to have interests with us, but our problem with Iran is negative behavior such as its nuclear program or support for outlaw militias and the ballistic missile program, and we are working with our partners to deal with these challenges.” .

Saudi Arabia will not accept the presence of an outlaw militia on its borders

He said that Saudi Arabia will not accept the existence of an outlaw militia on its borders, stressing the continuation of the Saudi initiative, to ensure the stability of the region, to which it is hoped that the Houthi militia, who still has a strong relationship with the Iranian regime, should return to the interest of Yemen and respond to the legitimacy of his country. .

Exceptional achievements

Prince Muhammad bin Salman bin Abdulaziz, Crown Prince of Saudi Arabia, Deputy Prime Minister and Chairman of the Council of Economic and Development Affairs, confirmed at a recent meeting of the Council of Economic Affairs that the programs to achieve the Kingdom’s Vision 2030 were able to achieve exceptional achievements and addressed structural challenges within only five years.

Appreciation for the efforts of all government agencies

The Saudi Crown Prince expressed his appreciation for the efforts of all government agencies that have overcome many challenges during the past period, praising the invaluable experience gained, which strengthened confidence in achieving the goals of the vision, stressing that there is still much to be done on various levels, To continue work to achieve the goals of the Kingdom’s Vision 2030 as hoped and desired.

The interests of the kingdom

The Crown Prince said that Saudi Arabia’s foreign policy is based on the kingdom’s interests.

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