Saudi Aramco unequivocally supports Saudi Vision 2030 approved by the Cabinet chaired by The Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud. On Saudi Vision 2030 and Saudi Aramco role, the Chairman of Saudi Aramco Engineer Khalid bin Abdulaziz Al-Falih, said: "Saudi Vision 2030 is a pioneering and game-changing plan that will enable sustained economic growth, diversification and job creation to benefit the Kingdom and its citizens for generations to come. Saudi Aramco will continue its commitment and remain fully engaged as a champion of transformation, ensuring that our significant contributions to the overall social and economic development of the Kingdom of Saudi Arabia generate even greater positive impact in the future." On the urgent need to shift the Kingdom from an oil-based economy: "There needs to be a fundamental shift in our economic landscape if we are to reduce our unsustainable over-reliance on oil. Therefore, accelerating reforms across key economic sectors, privatization of key industries and the creation of a globally competitive Small and Medium-sized Enterprise sector are essential to delivering Saudi Vision 2030." On opportunities for foreign investors: "The message is clear: The Kingdom of Saudi Arabia is opening itself for further investment by those already in the Kingdom, as well as openly inviting potential future investors. Investment and export opportunities exist for global companies which want to take advantage of the Kingdom of Saudi Arabia's ready access to infrastructure and abundant supply of energy. The Kingdom of Saudi Arabia provides unrivalled competitive advantages and investment opportunities as a manufacturing and trading base to reach global markets. The Government will continue to ease regulations to make the Kingdom one of the most attractive locations in the world to do business." --More
