Here's how Saudi Vision 2030 aligns with the G20 agenda

Saudi Arabia, the 16th largest economy in the world, is an active G20 member, as Vision 2030 objectives align with G20 agenda, as they both promote economic resilience, improving sustainability and fighting corruption.

As the third largest oil producer in the world, the Kingdom’s role was vital to stabilizing the oil market. Saudi Arabia produces 13 percent of total crude production, third after USA and Russia.

The Kingdom aims to increase small and medium enterprise contributions to gross domestic product (GDP) to 35 percent from 20 percent, and raise private sector contribution to 65 percent from 40 percent.

Non-oil government revenues is targeted to reach SAR 1 trillion from SAR 163 billion, while the Kingdom aims to reduce unemployment to 7 percent from 11.6 percent.

As for sustainability, Saudi Arabia aims to produce 200 gigawatts of renewable energy by 2030, and to localize its renewable energy sector.

The Kingdom plans to increase women participation in the workforce to 30 percent from 22 percent, and aims to raise average life expectancy to 80 years from 74 years through developing the public health sector.

Being among the top 5 on the e-government survey index is among the Kingdom’s plans.

Also, Saudi Arabia aims to advance its ranking in the government effectiveness index to the 20th position from the 80th place.

It also plans to bring its legal and institutional framework to be in-line with up-to-date FATF recommendations through fundamental changes to its AML/CFT regime.