Economic Changes in Saudi Arabia and the Government 2030 Vision

The Saudi Arabia economy has for a long time completely depended on oil revenues. In the heydays, the price of oil per barrel was over US$120, but the price has dropped down to about US$56 a barrel. Such a drastic drop in the oil prices has led to the rapid slowdown of the Saudi economy hence becoming imperative for the government to come up with economic reforms and ways to diversify the economy. The government thus decided to develop the Saudi Arabias Vision 2030 to modernize and diversify its economy. One of the most important aspects of this Vision 2030 plan is technology since it is a key enabler of the various changes visualized in the initiative.

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One of the sectors that has a great role to play in the success of the Vision 2030 plan is the telecommunication sector. Telecommunication companies have to provide a resilient and highly developed infrastructure to facilitate industries to become globally competitive. Such a move will have both benefits and drawbacks to the telecommunication sector since the government may focus on the main telecom providers and neglect the small system integrators. In turn, the former may run out of business. Thus, though the vision 2030 is going to transform the Saudi Arabia economy, small players in some sectors such as the telecommunication industry may be negatively affected.

This thesis will focus on the impact of vision 2030 on the telecom market and the challenges that the government should address to allow the country to realize the digital transformation needed to sustain the economy. I will consult academic paper and journals to discover how the Vision 2030 project will impact the telecommunication industry and ways that the government can ensure successful realize their goals and objectives. Further, I will review the research to determine the options that will ensure the successful realization of the Vision 2030 that will have positive impacts on the telecommunication sector as well as other industries.

Problem Statement

Technology is an important issue in enhancing the lives of citizens as well as drive social and economic progress. Therefore, for the Saudi Arabias Vision 2030 to be successful, the government must align technological sectors, especially the telecommunication industry, with the Vision and its executive programs. However, the alignment may prove challenging for various organizations in the telecommunication industry. Therefore, there is need for a comprehensive review of the strategies that the government can use to achieve the goals and objectives of the Vision.

Research Questions

How will the Saudi Arabias Vision 2030 impact the telecommunication industry?

Why has the government focused on main telecom providers and neglected small players in the industry?

How can the government ensure that the small system integrators do not run out of business?

What strategies can the government use to ensure that they successfully enable and facilitate the transformations visualized by the Vision 2030?

Implications for Further Research

At the conclusion of this research, there are still some questions that will remain unanswered hence the need for further research. Some of these questions are:

How will the government ensure that the telecommunication industry aligns with national strategies of digitization so as to drive economic development?

What strategies will the government use to enhance the competencies and skills of personnel in the telecommunication industry so as to execute national digital strategies properly?