Professor Jason Potts, Professor of Economics at Alfaisal University and a visiting researcher at the Massachusetts Institute of Technology (MIT), affirmed that Saudi Arabia's Vision 2030 presents a unique global model for economic transformation based on deep institutional reforms and digital technologies, rather than relying on traditional government spending alone.

This came during an academic lecture he recently delivered at the Amsterdam Institute for Law and Technology entitled 'Institutional Acceleration: Theory and Applications', in which he discussed the main ideas of his new book 'The Economics of Vision 2030'.

Potts explained that the success of the Saudi experience lies in transforming the economy from a rentier model to a competitive system based on innovation and entrepreneurship, through the development of the digital infrastructure of markets. He noted that national platforms such as 'Absher', 'Etimad', 'SADAD', and 'SIMAH' are now forming an advanced institutional foundation that contributes to reducing transaction costs and accelerating growth, embodying the concept of 'institutional acceleration', which enables the development of economic institutions at an unprecedented speed driven by technology.

The professor, who is considered one of the world's leading researchers in the economics of innovation and editor-in-chief of the Journal of Institutional Economics, added that the vision differs from traditional transformation programs by targeting the improvement of market mechanisms themselves and enhancing dynamic competitiveness to attract investments.

He pointed out that the Kingdom has a strategic opportunity to build national digital platforms in its vital sectors, which enhances the economic value of data and creates new markets that support long-term sustainability, making the Saudi experience a reference model that countries worldwide can benefit from.