The Council of Ministers has approved Vision 2030, and the salient features are as follows:

• To raise the non-profit sector’s contribution to GDP from less than 1% to 5%
• To increase household savings from 6% to 10% of total household income
• To raise ranking on the E-Government Survey Index to be among the top 5 nations
• To raise ranking in the Government Effectiveness Index, from 80 to 20
• To increase non-oil government revenue from SR163 billion to SR1 trillion
• To raise the share of non-oil exports in non-oil GDP from 16% to 50%
• To raise global ranking in the Logistics Performance Index from 49 to 25 and ensure the Kingdom is a regional leader
• To increase the private sector’s contribution from 40% to 65% of GDP
• To increase foreign direct investment from 3.8% to the international level of 5.7% of GDP
• To rise from the current position to the top 10 countries on the Global Competitiveness Index
• To increase the Public Investment Fund’s assets, from SR600 billion to over SR7 trillion
• To increase the localization of oil and gas sectors from 40% to 75%
• To move from the current position as the 19th largest economy in the world into the top 15
• To increase women’s participation in the workforce from 22% to 30%
• To increase SME contribution to GDP from 20% to 35%
• To lower the rate of unemployment from 11.6% to 7%
• · To have three Saudi cities be recognized in the top-ranked 100 cities in the world