Riyadh, Saudi Arabia – April 25, 2024 – The Kingdom of Saudi Arabia today released its annual progress report on Vision 2030, marking eight years since the launch of this ambitious plan to reshape the nation’s future. The report reveals significant advancements in economic diversification, quality of life improvements, and Saudi Arabia’s growing global influence.
About Saudi Vision 2030:
Saudi Vision 2030 is a transformative roadmap aimed at diversifying the economy, improving the quality of life, empowering Saudi citizens, and strengthening the Kingdom’s global position. Launched in 2016, the plan rests on three pillars: a vibrant society, a thriving economy, and an ambitious nation
Key Highlights from the Report:
Tourism Boom: Record-breaking numbers of domestic and international tourists visited Saudi Arabia in 2023. Umrah pilgrimage numbers skyrocketed, vastly exceeding targets.
Cultural Renaissance: Continued expansion of UNESCO World Heritage sites and the landmark win to host Expo 2030 in Riyadh cements Saudi Arabia’s position as a cultural force.
Improved Quality of Life: Increased life expectancy, expanded health services, and a rise in physical activity demonstrate a commitment to citizen well-being.
Economic Growth and Diversification: Steady GDP growth, a thriving non-oil sector, and increased local content signify successful diversification efforts.
PIF Powerhouse: The Public Investment Fund continues exponential asset growth, driving job creation and fostering economic development.
Empowered Workforce: Decreases in unemployment, particularly among women, and improved employment outcomes for technical and vocational graduates.
Global Stage: Improved logistics and connectivity, coupled with rising global competitiveness rankings, position Saudi Arabia as a key international player.
Visionary Leadership Drives Success
The report credits the Kingdom’s leadership, under the guidance of HRH Crown Prince Mohammed bin Salman, for the remarkable progress achieved. The government’s unwavering commitment to Vision 2030, coupled with strategic planning and efficient execution, are identified as core drivers of success.
Looking Towards the Future
While celebrating the successes, the report acknowledges ongoing challenges, including those related to government efficiency and environmental sustainability. However, Saudi Arabia has consistently demonstrated its ability to tackle obstacles, leading to optimism for the continued success of Vision 2030.
The full annual report for the year 2023 is available at: https://www.vision2030.gov.sa/en/
