The Saudi Vision 2030 was announced in April 2016 and represents Saudi Arabia’s roadmap to diversify its economy and address the challenges brought by low global energy prices. In June 2016 the National Transformation Program 2020 (“NTP”) was launched by the Saudi Government as part of the implementation of the Saudi Vision 2030 with the aim of meeting interim targets by 2020 through various strategic initiatives across 24 Saudi governmental bodies. 