[chartist kao]

Saudi Arabia has been actively working to diversify its economy away from its historical reliance on oil exports. This effort is motivated by a desire to reduce the country's vulnerability to fluctuations in global oil prices and to create new sources of growth and job creation.

To this end, Saudi Arabia has launched a series of ambitious economic reform programs, including the Saudi Vision 2030 initiative, which aims to transform the country's economy and society through a range of measures, including privatization, investment in non-oil sectors such as tourism and technology, and increased participation of women in the workforce.

Some specific steps that Saudi Arabia has taken to diversify its economy include:

Investment in infrastructure: The government has invested heavily in infrastructure projects such as transportation, energy, and water, with the goal of improving the country's business environment and attracting foreign investment.

Privatization: The government has announced plans to privatize a range of state-owned assets, including the national airline, the stock exchange, and parts of the oil and gas sector.

Non-oil sectors: The government is actively promoting the growth of non-oil sectors, such as tourism, entertainment, and technology. For example, the government has launched a major tourism development program that includes the construction of new hotels and resorts, as well as the promotion of historical and cultural sites.

Investment in human capital: The government is investing in education and workforce development programs to help prepare the Saudi workforce for jobs in non-oil sectors.

Overall, Saudi Arabia's efforts to diversify its economy are still ongoing and face challenges, but the government's commitment to economic reform and modernization suggests that it will continue to pursue these goals in the years ahead.

https://global.chinadaily.com.cn/a/20220...52938.html