RIYADH: Saudi Arabia’s Vision 2030 program is progressing steadily, with 85 percent of the targets outlined in the initiative completed or on track for completion by the end of 2024, according to the country’s investment minister.
Speaking at the Fortune Global Forum Conference in Riyadh, Khalid Al-Falih said that the non-oil sector’s contribution to Saudi Arabia’s gross domestic product currently stands at 56 percent, up from 40 percent before the launch of Vision 2030.
The minister added that the Kingdom’s economy has doubled in size from $650 billion to about $1.3 trillion since the launch of Vision 2030 program.
Launched in 2016, Saudi Arabia’s Vision 2030 program aims to transform the Kingdom both economically and socially. Strengthening the non-oil sector is one of the crucial goals outlined in this initiative, as the Kingdom currently pursues broader economic diversification efforts to reduce its reliance on crude revenues.
“We (Saudi Arabia) have made remarkable progress in transforming our economy and society. As of the end of 2025, 85 percent of our initiatives were completed or on track with most targets met or exceeded,” said Al-Falih.
