Vision 2030 of The Saudi Arabian Economy dynamics and automation of operations for success.

        The Vision 2030 is a progressive and aggressive economic agenda. It is the brain child of Crown Prince Muhammad bin Salman. The Vision 2030 aims to reduce Saudi Arabia’s dependence on oil based economy and is aimed at growth & diversification. The main goals of the Vision 2030 include economic and investment activities which will ensure growth in the economy. All walks of life are being affected by the ambitious vision 2030 and it has landed a major responsibility on the financial sectors as they will not only be transforming themselves but also facilitate the economic and financial activities caused by the Vision 2030.

        The Vision 2030 aims to encompass more than financial growth and aims to position the society as vibrant and an ambitious nation who is not depended on one source of income. The Vision 2030 has many plans for the financial sector which will facilitate the growth of banking and financial sector. The aim of the plan is to develop and facilitate the financial sector and banking industry to ensure provision of more dynamic and effective financial management services that will be diversified. The Vision 2030 seeks to stimulate the financial sector to facilitate savings and investments in the banking sector.

        This makes Riyadh bank important as more than half the shares belong to the government of Kingdom of Saudi Arabia. This means Riyadh bank has the advantage of having the information and support of the government for growth. The Vision 2030 empowers the bank to facilitate and help the private sector so it can contribute positively to economy. The other plans for the banks in Vision 2030 include promotion and enabling of financial planning and development of advanced capital market. The ambitious Vision 2030 requires the Riyad bank to innovate and adapt modern methods which the bank is rightly doing so. The Vision 2030 has changed the dynamics of the Saudi Economy and the factors associated with it.