Kingdom of Saudi Arabia's Vision 2030 Riyadh 14| MENAFN.COM

Wednesday, 17 August 2022 08:32 GMT

Kingdom of Saudi Arabia's Vision 2030 Riyadh 14

(MENAFN- Saudi Press Agency)
2 A Thriving Economy
2.1 A thriving economy.. rewarding opportunities
The skills and competencies of our children are one of the most important and cherished assets. To make the most of their potential we will build a culture that rewards determination provides opportunities for all and helps everyone acquire the necessary skills to achieve their personal goals. To this end we will reinforce the ability of our economy to generate diverse job opportunities and institute a new paradigm in attracting global talents and qualifications.
2.1.1 Learning for working
We will continue investing in education and training so that our young men and women are equipped for the jobs of the future. We want Saudi children wherever they live to enjoy higher quality multi-faceted education. We will invest particularly in developing early childhood education refining our national curriculum and training our teachers and educational leaders.
We will also redouble efforts to ensure that the outcomes of our education system are in line with market needs. We have launched the National Labor Gateway (TAQAT) and we plan to establish sector councils that will precisely determine the skills and knowledge required by each socio-economic sector. We will also expand vocational training in order to drive forward economic development. Our scholarship opportunities will be steered towards prestigious international universities and be awarded in the fields that serve our national priorities. We will also focus on innovation in advanced technologies and entrepreneurship.
2.1.2 Boosting our small businesses and productive families
Small and medium-sized enterprises (SMEs) are among the most important agents of economic growth; they create jobs support innovation and boost exports. SMEs in the Kingdom are not yet major contributors to our GDP especially when compared to advanced economies. Therefore we will strive to create suitable job opportunities for our citizens by supporting SME entrepreneurship privatization and investments in new industries. To help us achieve this goal we have established the SME Authority and we will continue encouraging our young entrepreneurs with business-friendly regulations easier access to funding international partnerships and a greater share of national procurement and government bids. Our productive families now enjoy vast marketing opportunities through social media and digital platforms. We will facilitate access to these channels enable microfinance and motivate the non-profit sector to build the capabilities of our productive families and fund their initiatives.
19:46 LOCAL TIME 16:46 GMT

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