Saudi Arabia’s Vision 2030 Enters Final Phase with Strong Performance and Global Confidence

RIYADH – April 27, 2025
Saudi Arabia’s Vision 2030 has officially entered its final phase, backed by a remarkable 93% achievement rate across its Key Performance Indicators (KPIs). With over 250 targets exceeded, the Kingdom is now delivering results at scale—redefining economic diversification, social progress, and international leadership.

A Thriving Non-Oil Economy

Diversification Efforts Bear Fruit

• Non-oil GDP grew by 3.9% in 2024, as sectors such as logistics, tourism, and ICT led the charge.
• Private sector growth hit 4.3%, driven by regulatory reforms and record investments.
• Unemployment fell to 7%, achieving a major Vision 2030 milestone six years ahead of schedule.
• Saudi Arabia rose to 16th in the IMD World Competitiveness Index, up from 36th in 2017.

These indicators reflect growing investor confidence and a maturing, resilient economy.

Social Progress and Cultural Expansion

Empowering Citizens and Expanding Access

• Female workforce participation rose to 33.5%, exceeding Vision 2030 goals.
• A record-breaking 16.92 million Umrah pilgrims visited the Kingdom in 2024.
• Saudi Arabia now ranks 6th globally in the UN E-Government Development Index, signaling rapid digital transformation.

Vision 2030 has unleashed a wave of reforms across entertainment, education, and quality of life—empowering a new generation of Saudis.

Megaprojects Become Reality

From Concepts to Landmarks

• NEOM is actively under development with completed infrastructure and early residential zones.
• The Mukaab, the future centerpiece of Riyadh’s New Murabba, has broken ground and is set to become the world’s largest cuboid building.
• The Red Sea Project will launch its first 16 luxury resorts in 2025, with a brand-new international airport enabling global access.
• Amaala and Soudah Peaks are progressing toward opening, expanding the Kingdom’s luxury and mountain tourism offerings.

Each of these developments reflects Vision 2030’s ambition to create a globally competitive, experience-rich nation.

Saudi Green Leadership

Sustainability Front and Center

• The Kingdom aims for 50% renewable energy by 2030.
• Solar energy projects are rapidly expanding across industrial and residential sectors.
• A strategic partnership between Aramco and BYD supports a goal of 30% electric vehicle adoption within five years.

Saudi Arabia is not only keeping pace with global climate goals—it’s helping set them.

Looking Ahead: A Future Built with Purpose

Remaining Challenges Met with Strategy

• While oil price fluctuations and a projected $26.8B budget deficit present challenges, the government remains committed to smart financial planning.
• Strategic project prioritization and funding reforms are being implemented to ensure long-term delivery without compromising momentum.

The Kingdom’s Vision Becomes Global Benchmark

Saudi Arabia’s Vision 2030 is no longer an idea—it is a transformation in motion.
With bold reform, clear results, and an empowered population, the Kingdom is showing the world what’s possible when vision meets execution.