Vision 2030 Momentum: Entering the Third Phase of Transformation
- j. awan capital
- 1 day ago
- 2 min read
As the Kingdom of Saudi Arabia officially moves into the third phase of Vision 2030 in 2026, the progress achieved throughout 2025 provides a strong foundation for long-term sustainability and resilience.
Recent performance reports highlight a successful transition from institution-building to a diversified growth model. With 93% of Vision 2030 indicators on track or exceeding targets, Saudi Arabia continues to position itself as a leading global example of effective resource management and comprehensive development.
Economic Resilience and Non-Oil Growth
The Saudi economy has surpassed the $1 trillion milestone, with real GDP expanding by 4.5% in 2025.
Non-oil sectors now account for 55% of real GDP, supported by a 170% increase in non-oil government revenues since 2016.
The private sector continues to play a central role, contributing 76% of total investment in the Kingdom.
Key indicators for 2025 include:
Saudi unemployment declined to 7.2%, approaching the 2030 target of 7% ahead of schedule
Public Investment Fund (PIF) AUM reached approximately $909 billion, driving growth across emerging sectors
Foreign Direct Investment (FDI) stock reached $293.3 billion, supported by 1,000+ regulatory reforms enhancing the investment environment
Vibrant Society and Quality of Life
The “Vibrant Society” pillar continues to deliver measurable improvements in quality of life:
Homeownership increased to 66.24%, exceeding annual targets
Life expectancy rose to 79.7 years
Primary healthcare coverage expanded to 97.5% of the population
Tourism and cultural development also recorded strong momentum:
Umrah visitors from abroad reached 18.03 million, surpassing targets
Saudi Arabia maintained eight UNESCO World Heritage Sites, achieving its 2030 target ahead of schedule
Non-Oil Export Growth: Global Reach
Saudi Arabia’s non-oil export strategy continues to expand globally.
In 2025, Saudi date exports to Japan increased by 67% year-on-year, driven by targeted export initiatives covering 15 international markets and more than 1,500 retail outlets worldwide.
This growth reinforces the global positioning of Saudi agricultural exports and contributed to approximately $166 million in non-oil export value during the year.
Digital Leadership and Institutional Trust
The Kingdom’s digital transformation continues to receive global recognition:
As Saudi Arabia advances through the next phase of Vision 2030, the focus remains on sustaining delivery and strengthening resilience in the face of global economic shifts.
From ALAT’s expansion in advanced manufacturing to the Esports World Cup, Vision 2030’s third phase is defined by delivery at scale. The indicators show a programme that has moved well beyond aspiration.
Sources
Saudi Vision 2030 Annual Report 2025
National Center for Palms and Dates (via Sabq), April 26, 2026
