Davos 2023: Saudi Arabia taps unconventional sectors for jobs – minister

like entertainment and esports to create jobs, boost the quality of life, and lure talent.

Saudi Arabia launched “Vision 2030” in 2016, an economic agenda to cut oil dependence and build new industries while investing in existing ones including energy and petrochemicals. The kingdom’s de facto ruler, Crown Prince Mohammed bin Salman, has pushed social reforms alongside the economic agenda to help modernize the kingdom, in recent years allowing women to drive, music concerts, and cinemas for the first time.

“In the past, these were seen as hopeful by-products of an economic transformation. Today, they are seen as master ingredients for an optimum economic transformation,” the minister, Faisal al-Ibrahim, told Reuters on the sidelines of the

They want to compete and reduce the number of Saudis going to Dubai for this sector.

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