Five years to 2030: Saudi Arabia’s grand bet is paying off

Five years to 2030: Saudi Arabia’s grand bet is paying off

When Saudi Arabia first announced Vision 2030 in 2016, many around the world underestimated the scale, seriousness and speed of what was to come. Today, with just five years remaining, it is increasingly clear that this transformation is not only real — it is unprecedented on a global scale. The story of Vision 2030 is not just about Saudi Arabia, it is about what is possible

Riyadh - Mubasher: Saudi Arabia recorded a record performance...

Saudi Arabia announced this Friday that the assets managed by its Public Investment Fund (FIP), one of the largest sovereign funds in the world, have tripled since it launched its Vision2030 in 2017, to a value of 3.53 billion rials (813 billion dollars).In an annual report on the implementation of its initiatives and projects contained in Vision2030, the kingdom indicated that 85% of those initiatives "have been completed or are well targeted",…

The annual report of Saudi Vision 2030 revealed outstanding economic results in 2024, including progress in unemployment, non-oil growth and foreign investment indicators, while maintaining stable inflation. Real non-oil GDP grew by 3.9%, thanks to the expansion of investment in non-oil sectors, while the growth of non-oil activities was 4.3%. In an early achievement, the unemployment rate among Saudis has declined to 7%, achieving the 2030 targ…

Open source AI driving Saudi Arabia's vision 2030 digital transformation

As the world watches Saudi Arabia’s transformation under Vision 2030, few developments are as striking-or as full of promise-as the Kingdom’s embrace of artificial intelligence (AI). This ambitious national initiative, launched in 2016, aims to diversify the Saudi economy away from oil dependence, improve the quality of life for its citizens, and position the country as a global leader in innovation and technology. While AI has become a critical…