Socio-Economic Development - impetus

Socio-Economic Development

At Impetus Strategy, we believe that in the current global political and economic scenario, both development and economic growth must go hand in hand. Economic growth, defined as the increase in productivity and national income, is crucial for funding economic development initiatives such as education, healthcare, and welfare. Conversely, economic development ensures a well-educated and prepared workforce that can significantly contribute to economic growth.

We support our clients by understanding social and economic challenges through comprehensive field studies, collecting and analyzing data, and presenting it in command and control centers to share with decision-makers. We design incentives, sustainable development strategies, and implement environmental, social, and governance (ESG) indicators. Our services include cluster development, Monitoring, Evaluation, Accountability, and Learning (MEAL) frameworks, impact assessment, among other critical areas. Additionally, we aim to align our projects with the Sustainable Development Goals (SDGs) to help businesses and governmental bodies adopt the SDGs most relevant to their vision, mission, and operations.

Saudi Arabia’s Vision 2030 aims to diversify the economy, reduce dependence on oil, and develop public service sectors such as health, education, infrastructure, recreation, and tourism. At Impetus Strategy, we support this vision by fostering economic diversification, enhancing the quality of life, and promoting sustainable practices. Our strategies are tailored to meet the specific needs of Saudi Arabia, ensuring that socio-economic development is both achievable and sustainable.