Taking strides forward with Vision 2030
Vision 2030 has seen further sign of progress with the inauguration of a high-level manufacturing institute at King Saud University. The institution has received wide acclaim during its opening in the Kingdom’s latest move strengthen its economy through diversification of non-traditional sectors.
The Advanced Manufacturing Institute (AMI), will stimulate the process of innovation production for youth and entrepreneurs increasingly involved in private sector ventures. As an addition to the university’s existing manufacturing programs, the Advanced Manufacturing Institute is set to become a regional leader in technological expertise for sectors linked to product design and engineering.
“The KSU has responded to the strategic national requirements and placed industrial research and development among its top priorities in KSU’s Strategic Plan 2030,” said a statement released by the university.
The AMI will gather top experts in engineering and business to provide an environment that engages employees in a creative, collaborative work process. Advanced computer systems will guide the institute’s strategic capabilities with the ultimate aim of harmonizing the industrial sector with the knowledge-based economy of Saudi Arabia.
Industry, Manufacturing, Sustainability: Elements of Vision 2030
Under the Vision 2030 plan, the Kingdom has pledged to localize renewable energy and industrial equipment sectors, creating job opportunities for Saudi nationals while reducing dependence on foreign production.
By promoting direct investment in these sectors, Saudi officials will strengthen partnerships with leading companies in the manufacturing and production fields. All stages of production—from maintenance, repair, research, development, and training—will be centralized within Saudi Arabia.
With a focus on sustainable practices in the business sector, Vision 2030 will increase collaboration between governmental ministries, consumers, and producers to reduce waste in the manufacturing sector. In recognition of the Kingdom’s efforts to promote nationwide conservation of natural resources, the plan combines corporate social responsibility with the expansion of job opportunities for youth to shape a better future to benefit all citizens and residents.
Ambassadors Praise Saudi Vision 2030
Meanwhile, Ambassadors to the Kingdom from Germany, Turkey, South Korea and India have praised the launch of the Vision 2030 plan. German Ambassador Dieter W. Haller stated, “Vision 2030 is a dynamic program toward changing the overall face of the country. With this change taking place, every country is looking toward the Kingdom with hope and optimism as it is undergoing a fundamental change from an oil driven economy to an industrial economy.”
“It is a very important and strategic vision document and pointed that it will be very helpful in sustainable economic development,” added Yunus Demirer, Ambassador of Turkey to Saudi Arabia.
“Vision 2030 is comprehensive and ambitious master plan and will very positively affect the Saudi society, increase job opportunities through investment and expansion work by promising industries, will improve citizens living conditions with economic diversification,” said South Korean Ambassador Pyung-oh Kwon.
“Vision 2030 is a very clear and determined path toward a new stage of economic and social development. We are looking at it as a total transformation program,” stated Indian Ambassador Ahmad Javed.