Vision 2030 is a transformative economic and social plan launched by the Saudi government in 2016. Its primary goal is to diversify the economy and reduce the country’s dependence on oil. The plan includes investments in infrastructure, tourism, and technology, as well as initiatives to promote entrepreneurship, innovation, and female empowerment.
We at MarketX Ventures are excited about the opportunities presented by this changing landscape. We believe that Saudi Arabia has immense potential for growth and innovation and remain committed to supporting the country’s transformation through our investments in deep tech, fintech, vertical SaaS, and next-gen transportation.
Under Vision 2030, Saudi Arabia has also made significant progress in promoting women’s participation in the workforce. Women can now drive, attend sporting events, and work in previously male-dominated industries such as aviation and hospitality. The government has also launched initiatives to increase the number of women in leadership positions and support female entrepreneurs.
Last week, our team had the pleasure of Princess Reema bint Bandar AIM Summit London, and we were inspired by her ongoing dedication to female empowerment and expanding opportunities for women in Saudi Arabia. As a female-founded and -led firm, we believe that promoting diversity and inclusivity in the industry can help drive progress and growth for all.
As Princess Reema emphasized at the FII Priority Summit in Miami, Vision 2030 has also facilitated educational pathways and job opportunities in various fields, with over $100 million spent on creating more than three million jobs. The shift in young people’s aspirations from secure government jobs to entrepreneurship is also encouraging, as it shows that the system is supporting and driving the aspirations of young Saudis.
Vision 2030 is driving innovation and creating opportunities for growth and prosperity in Saudi Arabia. As a global venture capital fund and fintech platform, MarketX Ventures will continue to support this transformation and encourage diversity and inclusivity within the industry. The possibilities presented by this ever-evolving landscape fill us with great anticipation, as we eagerly await the chance to play a part in Saudi Arabia’s journey toward a more innovative and prosperous future.
