News
Latest News
news bulletin
Breaking Headlines
Israel-Gaza War Updates
Variety and Tech
Sports News
Middle East News
World News
Lebanon News
Press Highlights
Lebanon Economy
News Bulletin Reports
Other News
Breaking Headlines
Israel-Gaza War Updates
Variety and Tech
Sports News
Middle East News
World News
Lebanon News
Press Highlights
Lebanon Economy
News Bulletin Reports
Beirut
22
o
Mount Lebanon
23
o
Metn
24
o
Keserwan
24
o
North
24
o
South
23
o
Bekaa
24
o
Live
Video
Audio
Schedule
shows
العربية
watching now
Video Clips
SUBSCRIBE
Home
Notification
Live
Video
Audio
shows
Beirut
22
o
Mount Lebanon
23
o
Metn
24
o
Keserwan
24
o
North
24
o
South
23
o
Bekaa
24
o
News
Programs
The News
Breaking Headlines
Israel-Gaza War Updates
Variety and Tech
Sports News
Middle East News
World News
Lebanon News
Press Highlights
Lebanon Economy
News Bulletin Reports
Programs
Documentaries
Lebanon’s Centennial
News Bulletin
The Untold History
Talk Show
Series
Sports
Variety
Other
Comedy
Oldies
Breaking News
Latest News
Highlighted News
Most Read
Videos
العربية
Watch the latest programs and the latest developments on your favorite screen
Shows
Join millions of followers
Who We Are
Contact Us
Advertise With Us
Careers
Channel frequencies
Privacy Policy
Terms and Conditions
Saudi Arabia's Vision 2030: NEOM project and sports investments fuel economic growth
News Bulletin Reports
2023-09-21 | 11:45
High views
Share
Share
3
min
Saudi Arabia's Vision 2030: NEOM project and sports investments fuel economic growth
In a recent interview with Fox News, Saudi Arabia's Crown Prince, Mohammed bin Salman, showcased the scenic beauty of an island within the "NEOM" project, one of the kingdom's significant initiatives in diversifying its economy away from oil dependency.
While the island he stood on was indeed beautiful and part of the developments within the "NEOM" project, the choice of location also served as a marketing tool for this ambitious endeavor, situated in the northwestern region of the Kingdom of Saudi Arabia in the Red Sea.
This project is a cornerstone of Saudi Arabia's Vision 2030, a comprehensive plan to diversify the nation's income sources beyond its heavy reliance on oil revenues.
Saudi Arabia's diversification efforts have already yielded significant results.
In 2022, the country emerged as the fastest-growing economy among the G20 nations, which includes major players like China, Russia, the United States, and Canada. Saudi Arabia now ranks 15th among G20 nations in terms of GDP, significantly improving from its 20th-place ranking in 2016.
One main aspect of Saudi Arabia's economic diversification strategy is its investment in the sports sector. Despite representing only 0.4 percent of the GDP in the past, sports now account for 1.5 percent.
However, critics have accused Crown Prince Mohammed bin Salman of using sports investments to improve his image. Still, he argues that it is an economic decision rather than a political one.
"If sports washing will increase my GDP by one percent, then I will continue doing sports washing," he stated.
Sports and tourism go hand in hand in the kingdom's efforts to boost its economy.
Crown Prince Mohammed bin Salman highlighted the success of Saudi Arabia in attracting international visitors, saying, "In 2022, we ranked 10th in global visits, and we are aiming to reach one million visits by 2030."
These numbers underline the significant transformations occurring across various facets of the Kingdom of Saudi Arabia.
To those concerned about Saudi Arabia's past, Crown Prince Mohammed bin Salman conveyed a message: "The greatest story in the 21st century is Saudi Arabia. Do you want to miss it or not? That is your call."
News Bulletin Reports
Middle East News
Saudi Arabia
Vision 2030
NEOM
Project
Sports
Investments
Fuel
Economic
Growth
Next
From Block 9 to solar panels: Lebanon's diverse energy landscape takes center stage
Lebanon's Solar Power Surge: Citizens and Private Sector Lead the Way
Previous
Related Articles
d-none hideMe
0
World News
2024-04-06
China, US agree to hold talks on 'balanced economic growth'
World News
2024-04-06
China, US agree to hold talks on 'balanced economic growth'
0
Variety and Tech
2024-02-05
Global economic outlook: OECD forecasts growth and inflation trends
Variety and Tech
2024-02-05
Global economic outlook: OECD forecasts growth and inflation trends
0
World News
08:34
Saudi Aramco and China's Rongsheng in talks on joint petrochemical project
World News
08:34
Saudi Aramco and China's Rongsheng in talks on joint petrochemical project
0
Lebanon Economy
2024-04-26
Fuel prices decrease in Lebanon
Lebanon Economy
2024-04-26
Fuel prices decrease in Lebanon
Recommended For You
d-none hideMe
0
News Bulletin Reports
12:25
Cabinet Session: A President, a Virtual Leader, and Fruit…What's the Story?
News Bulletin Reports
12:25
Cabinet Session: A President, a Virtual Leader, and Fruit…What's the Story?
0
News Bulletin Reports
12:22
Negotiations and Internal Disputes Escalate Between Gaza and Lebanon Fronts in Israel
News Bulletin Reports
12:22
Negotiations and Internal Disputes Escalate Between Gaza and Lebanon Fronts in Israel
0
News Bulletin Reports
12:17
French Foreign Minister Visits Beirut to Advance Diplomatic Efforts
News Bulletin Reports
12:17
French Foreign Minister Visits Beirut to Advance Diplomatic Efforts
0
News Bulletin Reports
12:10
Gaps in Attendance Overshadow Lebanese Forces Opposition Meeting in Maarab
News Bulletin Reports
12:10
Gaps in Attendance Overshadow Lebanese Forces Opposition Meeting in Maarab
Subscribe to our VOD
SUBSCRIBE
Our visitors readings
d-none hideMe
0
Middle East News
2024-01-23
Famed Palestinian photographer Motaz Azaiza evacuates Gaza, ‘soon will come back and build Gaza again’
Middle East News
2024-01-23
Famed Palestinian photographer Motaz Azaiza evacuates Gaza, ‘soon will come back and build Gaza again’
0
Variety and Tech
2024-02-08
IAA Lebanon Hall of Fame: 17 advertising personalities inducted
Variety and Tech
2024-02-08
IAA Lebanon Hall of Fame: 17 advertising personalities inducted
0
Middle East News
2023-10-10
Israeli Army: We took control of all of Gaza envelope area
Middle East News
2023-10-10
Israeli Army: We took control of all of Gaza envelope area
0
Lebanon News
04:09
French FM: We will push proposals to prevent war between Hezbollah and Israel
Lebanon News
04:09
French FM: We will push proposals to prevent war between Hezbollah and Israel
Videos
d-none hideMe
0
Lebanon News
2023-12-11
Breaking: Israel launches raid north of Litani on Monday (Video)
Lebanon News
2023-12-11
Breaking: Israel launches raid north of Litani on Monday (Video)
0
Lebanon News
2023-11-02
Exclusive to LBCI: U.S. State Department's Wooster Stresses Lebanon Must Avoid War, Sees Renewed Push for Two-State Solution
Lebanon News
2023-11-02
Exclusive to LBCI: U.S. State Department's Wooster Stresses Lebanon Must Avoid War, Sees Renewed Push for Two-State Solution
0
Lebanon News
2023-10-18
Protests Erupt near US Embassy in Awkar Against Israeli Attacks on Al-Maamadani Hospital in Gaza
Lebanon News
2023-10-18
Protests Erupt near US Embassy in Awkar Against Israeli Attacks on Al-Maamadani Hospital in Gaza
0
Lebanon News
2023-10-05
ATFL's Ambassador Edward Gabriel on Navigating Through Economic, Political, and Refugee Crises
Lebanon News
2023-10-05
ATFL's Ambassador Edward Gabriel on Navigating Through Economic, Political, and Refugee Crises
0
Sports News
2023-08-31
Amir Saoud Powers Lebanon to Victory Over Cote d'Ivoire: A Deep Dive Into The Numbers
Sports News
2023-08-31
Amir Saoud Powers Lebanon to Victory Over Cote d'Ivoire: A Deep Dive Into The Numbers
0
Sports News
2023-08-29
France Edges Past Lebanon in a Nail-Biter at FIBA World Cup 2023: A Statistical Deep Dive
Sports News
2023-08-29
France Edges Past Lebanon in a Nail-Biter at FIBA World Cup 2023: A Statistical Deep Dive
0
Lebanon News
2019-02-28
Pierre el-Daher, the man who defeated the Lebanese Forces
Lebanon News
2019-02-28
Pierre el-Daher, the man who defeated the Lebanese Forces
Most read
d-none hideMe
24 hours
7 days
Month
1
Lebanon News
08:09
Qassem: Any expansion of Israeli aggression will be met with a firm response from Hezbollah
Lebanon News
08:09
Qassem: Any expansion of Israeli aggression will be met with a firm response from Hezbollah
2
Israel-Gaza War Updates
00:15
US officials say Israel may be violating international law in Gaza, Reuters source reports
Israel-Gaza War Updates
00:15
US officials say Israel may be violating international law in Gaza, Reuters source reports
3
Lebanon News
00:25
French foreign minister aims to prevent Israel-Hezbollah conflict escalation in Lebanon visit
Lebanon News
00:25
French foreign minister aims to prevent Israel-Hezbollah conflict escalation in Lebanon visit
4
News Bulletin Reports
12:22
Negotiations and Internal Disputes Escalate Between Gaza and Lebanon Fronts in Israel
News Bulletin Reports
12:22
Negotiations and Internal Disputes Escalate Between Gaza and Lebanon Fronts in Israel
5
Lebanon News
04:09
French FM: We will push proposals to prevent war between Hezbollah and Israel
Lebanon News
04:09
French FM: We will push proposals to prevent war between Hezbollah and Israel
6
Israel-Gaza War Updates
05:15
Palestinian President: Only US can prevent Israeli attack on Rafah
Israel-Gaza War Updates
05:15
Palestinian President: Only US can prevent Israeli attack on Rafah
7
News Bulletin Reports
12:17
French Foreign Minister Visits Beirut to Advance Diplomatic Efforts
News Bulletin Reports
12:17
French Foreign Minister Visits Beirut to Advance Diplomatic Efforts
8
News Bulletin Reports
12:10
Gaps in Attendance Overshadow Lebanese Forces Opposition Meeting in Maarab
News Bulletin Reports
12:10
Gaps in Attendance Overshadow Lebanese Forces Opposition Meeting in Maarab
Download now the LBCI mobile app
To see the latest news, the latest daily programs in Lebanon and the world
Google Play
App Store
We use
cookies
We use
cookies
to make
your experience on this
website better.
Accept
Learn More