Macro highlights from the Saudi Vision 2030 The vision was largely along the lines communicated in the previous interview, namely focusing on i) increasing the role of the private sector in the economy, ii) a number of key sectors to boost investment and employment and iii) utilising state-owned assets to boost government’s income and independency of oil.   To that end, the vision outlined a number of target key performance indicators (KPIs): -  Increase private sector’s contribution in GDP to 65% from current 40% -  Raise the share of non-oil exports in non-oil GDP to 50% from 16% -  Reduce the unemployment rate to 7% from current 11.6% partially by increasing women’s participation rate in the workforce from 22% to 30% -  Increase SME contribution to GDP to 35% from current 20% partially by encouraging financial institutions to allocate up to 20% of overall funding to SMEs by 2030 The vision has identified a number of sectors which it deemed as providing the kingdom with a competitive advantage and opportunity to significantly create employment opportunities for nationals. The targeted sectors are: -  Tourism: The visions aims to increase capacity to welcome annual Umrah visitors from 8 million in 2015 to 30 million by 2030 with all required upgrades to accommodation, hospitality and visa application procedures. It also aims to build the largest Islamic museum in the world with an aim to increase household spending on cultural and entertainment activities inside the Kingdom from 2.9% to 6.0%. -  Retail: Provide one million job opportunities for Saudis by 2020 in a growing retail sector which will be developed to increase the share of modern and e-commerce to 80% from current 50% -  Mining: Increase contribution to GDP to SAR97 billion by 2020, creating 90,000 jobs -  Renewable energy: An initial target of 9.5 GW of renewably energy with the aim to localise a significant portion of the renewable energy value chain -  Military industry: Localising 50% of military equipment spending from the current 2% and making use of Saudi being the largest global spender on defense The document carried very limited details on the fiscal side: It only highlighted that the government intends to increase non-oil revenues to SAR1 trillion by 2030 from current SAR163 billion (likely through utilisation of the PIF and privatisation proceeds). Interestingly on subsidies, the vision highlighted that while free market prices will prevail in the long run, some sector will continue to enjoy varying degrees of subsidies depending on their ability to compete locally and internationally and their actually needs for subsidies. (Saudi Vision 2030, SPA, Mohamad Abou Basha)   Note: The vision has a dedicated website and a full 86 pages document outlining the key themes, goals and commitments.