Urgent: Unprecedented achievements.. Saudi Arabia is a global model in economic transformation and development
Nearly ten years after the launch of Saudi Vision 2030, the Kingdom of Saudi Arabia enters in 2026 to become a global model in Economic transformation and comprehensive development.
Saudi Vision 2030 launched by The last Davos conference as "Nebras" For stability and economic growth globally, despite the challenges and turmoil witnessed by the global economy, which has strengthened its position as a reliable investment destination.
The size of the Saudi economy
The size of the Kingdom’s economy by the end of 2024 reached about 4.7 trillion riyals ($1.25 trillion), compared to $660 billion ten years ago, making it among the 20 largest economies in the world.
Non-oil activities also contributed 56% of the gross domestic product, for the first time in The history of the Kingdom is a clear indication of the success of economic diversification policies.
This growth has led to the creation of nearly 800,000 new jobs since 2016, bringing the number of Saudis working in the private sector to 2.48 million employees by the end of 2025, with average wages rising by more than 45%.
Women’s participation in the labor market rose to 34% compared to less than 20% before the launch of the vision, reflecting the success of women’s empowerment programs. Economically.
The non-oil economy
The total fixed capital formation reached 1.44 trillion riyals in 2024, representing 30% of the size of the total economy and 40% of the non-oil economy, levels that are comparable to the fastest growing global economies such as China and India.
Private investment also constituted more than 75% of the total investments, while the contribution of government investment did not exceed And the Public Investment Fund 25%, with private sector investments growing by more than 10% annually since 2019.
Preliminary estimates for 2025 indicate that the volume of investments has exceeded 1.5 trillion riyals for the first time, that is, more than 120% compared to 2017 levels.
While the number of Saudi investors has increased to 1.86 million active commercial records by the end of 2025, the majority of which are small and medium enterprises, which It reflects the expansion of the entrepreneurship base in the Kingdom.
Global investment stocks
Foreign direct investment has also grown at a rate of 20% in recent years, reaching 119 billion riyals in 2024, and the cumulative balance reached nearly one trillion riyals, which places the Kingdom among the 10 largest countries in the world in global investment stocks.
While the number of licensed foreign companies exceeded 62 thousand companies compared to only 6 thousand in 2016, in an indication On the radical improvement in the investment environment.
The Kingdom has succeeded in attracting more than 700 regional headquarters of international companies in the last five years, exceeding the Vision 2030 target of 500 headquarters.
It has also invested in establishing the King Salman International Complex for Maritime Industries and Services with investments exceeding $6 billion, to become the largest integrated marine complex in the world, with strategic partnerships with major international companies, and the localization of strategic industries in the field of steel and engines. Marine.
NEOM Green Hydrogen Project
In the same context, the NEOM Green Hydrogen Project, with an investment of $8.4 billion, represents the largest facility in the world to produce green hydrogen with a production capacity of up to 600 tons per day, and a contribution to reducing 5 million tons of carbon emissions annually.
The Public Investment Fund’s investments also contributed to the launch of pioneering national companies such as Humane for Artificial Intelligence and Machines. For advanced industries, and a process for the electric car industry, to build new strategic sectors.
While the Kingdom restructured the investment empowerment system through the establishment of the Ministry of Investment, and the formulation of the National Investment Strategy, which included 41 initiatives to enhance investment opportunities, improve the investor journey, facilitate financing, and raise the competitiveness of the investment environment.
The Kingdom actually began working on the post-Vision 2030 phase, by directing investments towards sectors with the highest economic impact, led by artificial intelligence, advanced industries, And localization of knowledge.
The Kingdom seeks to move from the stage of facilitating procedures to the stage of empowering the specialized investor, through qualitative support programs that ensure sustainability, expansion, and raising the efficiency of doing business.
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