Saudi Vision 2030

I. The economic impact of Saudi Arabia deviation from exportation of oil as the primary source of income

A. Over the years, the growth and development of Saudi Arabia have been facilitated by the oil industry which has proved to be lucrative. However, oil is a limited resource which will run out in future. This realization has been acknowledged by the Chairman of the Council of Economic and Development Affairs in Saudi Arabia. This has led to the research of new economic activities in the country which are incorporated in the vision 2030 of the state.

B. This research seeks to analyze the impact of the Vision 2030 on the economy of Saudi Arabia. Particularly, the research focuses on the economic influence of shifting from the oil industry as the primary source of income in Saudi Arabia.

II. The influence of the oil industry to the development of the economy of Saudi Arabia

A. In the research, various concepts will be discussed. Firstly, the influence of the oil industry to the development of the economy of Saudi Arabia will be discussed. The advancement realized from the oil industry will provide insight on the key role of the oil industry in the development of the state.

B. Additionally, the challenges facing the oil industry will be outlined. This will provide a clear picture of the need for diversified sources of income.

III. Vision 2030 of Saudi Arabia

A. In the research paper, the second concept to be discussed will be the Vision 2030 of the country. This would provide information concerning the economic transformation in Saudi Arabia.

B. The Vision 2030 would also highlight the strategies intended to facilitate the economic transformation in Saudi Arabia.

IV. Analysis of the economic transition factors in Saudi Arabia

A. The third part of the research paper would involve the evaluation of the intended economic transition factors. Also, the viability of the projects will be discussed and challenges of each strategy outlined.

B. In the assessment, the influence of the intended transformation strategies will be discussed concerning the country's economy. Moreover, an analysis of the progress report will provide information concerning the effectiveness of the implementation of the Vision 2030 in Saudi Arabia.

V. Conclusion

A. Conclusively, the research seeks to provide a logical approach to the economic assessment of Saudi Arabia. The research will provide an insight on the impact of the oil industry on the economic development of Saudi Arabia. Moreover, the research will highlight the unsustainable nature of the oil industry as the primary economic practice in Saudi Arabia. By analysis of the Vision 2030, it will be possible to determine strategies formulated for diversified economic practices.

B. Decisively, the research will outline the economic impact of Saudi Arabia deviating from the oil industry as the only source of income in the country. This will involve the highlighting of the various economic strategies currently being implemented in Saudi Arabia.