GCC Vision Alignment Strategy
EPS Support GCC Vision
As the Gulf Cooperation Council (GCC) nations embark on ambitious national transformation programs, EPS Support Services is strategically positioned to assist organizations in aligning with and capitalizing on these visionary frameworks.
Our consultancy services are meticulously designed to guide clients through the evolving regulatory landscapes, localization requirements, and economic diversification initiatives that define these national visions.
Understanding GCC National Visions
Each GCC country has outlined strategic visions aimed at economic diversification, sustainable development, and enhanced global competitiveness. These national initiatives serve as blueprints for modernization, fostering a dynamic business environment that welcomes both local and foreign investment.
Saudi Vision 2030
Saudi Arabia’s Vision 2030, launched in 2016, aims to reduce the kingdom’s dependence on oil while expanding its economy through investments in tourism, entertainment, renewable energy, and technology. The initiative includes mega-projects such as:
- NEOM: A $500 billion futuristic smart city.
- The Red Sea Project: Covering 32,200 square kilometers, aimed at luxury tourism.
- Qiddiya: A world-class entertainment and cultural hub.
- Saudi Green Initiative: A commitment to environmental sustainability and renewable energy projects.
UAE Vision 2021 & Projects of the 50
The UAE Vision 2021 set the foundation for a competitive knowledge-based economy, focusing on innovation, sustainability, and world-class infrastructure. The Projects of the 50 now build on this foundation, emphasizing:
- Digital transformation and AI adoption across industries.
- Renewable energy expansion, including the world’s largest single-site solar power plant.
- Investment in space exploration, including the Mars Mission and Moon Rover project.
- Strengthening global trade partnerships through economic free zones and initiatives like the Comprehensive Economic Partnership Agreement (CEPA).
Qatar National Vision 2030
Qatar’s vision focuses on achieving sustainable development through four key pillars:
- Economic diversification: Transitioning from a hydrocarbon-based economy.
- Human development: Enhancing education, healthcare, and innovation.
- Social development: Promoting cultural heritage and national identity.
- Environmental management: Ensuring sustainable urban and industrial expansion.
Bahrain Economic Vision 2030
Bahrain’s Economic Vision 2030 prioritizes:
- A globally competitive business environment supported by regulatory reforms.
- Sustainable economic growth through investment in financial services, ICT, and logistics.
- Infrastructure expansion, including the Bahrain International Airport modernization and Gulf Railway integration.
- Workforce development: focusing on upskilling local talent and enhancing Saudization efforts.
Oman Vision 2040
Oman’s Vision 2040 seeks to modernize its economy through targeted investments in: Manufacturing, logistics, and fisheries, positioning Oman as a global trade hub.
- Tourism industry growth, leveraging its natural and cultural heritage.
- Renewable energy projects, particularly solar and wind initiatives.
- Workforce development and localization, with strong incentives for Omani employment.
Kuwait Vision 2035 - ‘New Kuwait’
Kuwait’s Vision 2035, known as ‘New Kuwait,’ focuses on:
- Transforming Kuwait into a regional financial and trade center.
- Developing the Silk City and Five Islands Project, enhancing trade links between Asia and the Middle East.
- Expanding the country’s renewable energy capacity.
- Modernizing infrastructure, including Kuwait International Airport and metro rail projects.
