The Council of Ministers has approved Vision 2030, the ambitious plan to transform the Saudi economy away from its dependence on oil, Custodian of the Two Holy Mosques King Salman announced on Monday.
King Salman made the announcement while chairing the weekly Cabinet meeting that focused specifically on the plan proposed by the Council of Economic Affairs and Development led by Deputy Crown Prince Mohammed bin Salman, second deputy premier and defense minister, the Saudi Press Agency reported.
The Cabinet stated the council should “set up the necessary mechanisms and arrangements to implement this vision and follow it up.” In addition, all ministries and government agencies must implement each part of the plan set aside for them.
In a speech, King Salman said that the Kingdom was established based on the Holy Qur’an and the Sunnah of Prophet Muhammad (peace be upon him), and that the government would stick to this mandate in all its decisions. “It is the cradle of the message and the Revelation, and was honored by Allah Almighty to provide a service to the two holy mosques and their visitors.”
King Salman said that he has had the task of ensuring the “comprehensive development” of the country based on Islamic principles since he ascended to the throne. The main aim was to make sure the country maximizes its potential and capabilities, he said.
The government was committed to ensuring benefits accrue from the country’s strategic location and natural resources “to achieve a better future” for citizens. This must be done by adhering to “our pure religion” and the nation’s cultural and traditional values, said the king.
The monarch said this was the basis on which the Cabinet has made its decision to approve the economic transformation plan, which he hoped would be “a model for the world at all levels.”
He thanked the council for the plan, and urged “our sons and daughters, male and female citizens, to work together to achieve this ambitious vision, praying to Allah Almighty for success.” He hoped that it would provide considerable blessings and “progress and prosperity for our dear homeland.
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