The Saudi Arabian 10th Five-Year Development Plan from 2015-2020 Essay

The Saudi Arabian 10th Five-Year Development Plan from 2015-2020 - see ExampleFrom the report it is clear the tenth five years development plan mainly aims to confirm the economy and promote economic growth, competitiveness and stability. The plan also focuses on enhancing the institutional reforms and increases the productivity and the aptitude of the state agencies. The construction industry output is expected to increase by 10.98%. The problem or the challenges colligate to the increase in population is in all likelihood to overcome by developing the housing and infrastructure facilities of the bucolic or the nation. It also focuses on development and improvement of its tourism industry for decreasing its dependence on the oil sector for generating revenue in the economy.As the essay stresses the Gulf Cooperation Council aims to develop the cross parade trade and reducing the rapid population growth. The minister for Atomic and Renewable energy announced that the union i nstallation capacity is required to be increased by reducing the dependence on hydrocarbons and strengthen its relationship with China and other neighboring countries. An agreement was signed between the Chinese government and Saudi Arabia for increasing production and the peaceful utilization of the renewable and the nuclear energy. The railway master plan of Saudi Arabia focuses on the conceptual framework required for the long term development of the countrys passenger and improving the railway transport network. The investment in the tourism and travel sector of the country is likely to increase by more than 33.5 billion by the end of the year 2020.