Economic Vision 2030
The Economic Vision 2030 provides a long-term strategy on economic striving and diversification, based on the principles of sustainability, fairness and competitiveness. It notably suggests a reduction of the country's dependence on fossil fuels, with a focus on the financial, manufacturing and tourism sectors. The Vision explicitly calls for implementing energy-efficiency regulations (art. 3.5), directing investments to technologies that reduce carbon emissions and promote sustainable energy.
The Kingdom's Economic Development Board (EDB) initiated a programme of economic and institutional reform following the publication of the Vision. This programme functions as a coordinated effort between ministries to establish a National Economic Strategy accordingly.