Saudi economy

In most key performance areas, targets are being met, but there is still work to do over the next few years to move the Saudi economy away from oil toward a more sustainable future.

Balanced fiscal management, targeted deficit reduction, and strategic growth initiatives underpin this year's budget, with a strong emphasis on citizen partnership

The country has several landmark achievements already under its belt and is set to host the FIFA World Cup in 2034, proving grand ambition pays off when it's followed by hard work

Like Saudi Arabia, Gulf states should update their investment laws to help incentivise FDI, which is crucial to developing key sectors in their economies

Another deficit is likely, but it will be in line with EU standards, say Saudi ministers keen to keep investing in the Kingdom's economic diversification away from oil and towards Vision 2030

As those representing capital fly into Riyadh for the Future Investment Initiative, there are renewed opportunities in a diversifying and more sustainable Saudi economy

The PIF has been the primary driver for meeting the needs of Vision 2030, attracting foreign investments, and enhancing local content by increasing the private sector's contribution to its portfolio…

Saudi Arabia heads into 2025 with recalibrated yet sharpened ambitions, enhanced credibility, and greater capacity to manage crises, not least those erupting on its doorstep.

At a time of global turbulence, the Kingdom's reputation for stability and determination to build on the success of its Vision 2030 plans will help it attract global business talent and entrepreneurs 

There has been a steady flow of companies applying to set up offices in the country since the rule introduced three years ago went into effect at the start of 2024