The Five-Year Anniversary of the Start of Saudi Arabia’s Transformation

A little over five years ago, in 2015, Saudi Arabia laid out its vision for the next 15 years of changes in its economy and society under Vision 2030.

The Kingdom’s ambitious diversification and transformation programs have resulted in an accelerated growth that brings with it greater participation from U.S. companies in the country’s diverse business opportunities.

It is the sincere hope of all of us at the U.S.-Saudi Business Council (USSBC) that United States and Saudi Arabian businesses will continue to grow together – not only for mutually beneficial business ventures, but also to the strengthen long standing interpersonal ties that exist between the peoples of these great nations.

The opportunities for U.S. companies in the Saudi economy are diverse and plentiful, thanks to the country’s efforts to digitalize, modernize, and diversify their economy. The next iteration of Vision 2030 will focus on the expansion and creation of new economic sectors of the future by empowering the private sector to play a leading role in the country’s unprecedented development. It is the intent of the Saudi Public Investment Fund (PIF) to support long-term investments in localized industries and public-private partnerships.

For any U.S. company interested in expanding with a fast growing and modernizing economy, the best time to get involved in Saudi Arabia was five years ago – and the second-best time is right now.

Vision 2030 goes beyond economic plans; it is a vision of a bridge to the future of the Kingdom’s cultural and business society that takes the position of inclusion of the international community.

The U.S.-Saudi Business Council stands ready and well prepared to assist U.S. companies in becoming a part of that vision.