Key takeaways from Vision 2030 annual report 2025

Saudi Arabia released on Saturday the Vision 2030 annual report 2025, which includes in-depth details on the progress and development of performance levels and achievements across various pillars and targets of Saudi Vision 2030, marking the transition into a new, third phase of the Vision.

The third phase, which came into effect in 2026, builds on the previous two phases. Its key features include strengthening achieved gains, building on past accomplishments, and intensifying implementation efforts to accelerate progress.

This phase will also place greater focus on sectors that deliver maximum impact in terms of social empowerment and economic diversification. This will be achieved by adapting and refining policy tools as needed, while maintaining a continuous commitment to evaluating the economic and social impact of fiscal policies and public spending.

Below are the key takeaways from the annual report:

King Salman says Kingdom is moving towards a better future

Custodian of the Two Holy Mosques King Salman bin Abdulaziz stated that Saudi Arabia is moving toward a better future, driven by the achievements of Saudi Vision 2030 over the past decade.

Crown Prince affirms that the Kingdom has provided an exceptional role model of transforming vision into reality.

Crown Prince Mohammed bin Salman emphasized that after a decade of comprehensive development under Vision 2030, the Kingdom has presented an exceptional model in turning vision into reality.

93% of indicators achieved or near targets; 935 initiatives completed:

Vision 2030 has continued advancing its programs and plans, supported by a mature institutional framework in its tenth year, achieving or nearing targets for 93% of its indicators and completing 935 initiatives.

GDP nearing SAR 5 trillion

Real GDP rose significantly from around SAR 3.73 trillion in 2016 to nearly SAR 5 trillion by 2025.

PIF expands assets and launches 103 companies:

The Public Investment Fund (PIF) increased its assets more than fourfold—from SAR 720 billion in 2016 to approximately SAR 3.41 trillion by the end of 2025—and has contributed to the establishment of 103 companies since 2021.

Unemployment among Saudis stabilizes near Vision 2030 target:

The unemployment rate among Saudi nationals declined to 7%, achieving the 2030 target and remaining close to that level.

Rising FDI and over 700 global companies attracted:

Foreign direct investment (FDI) inflows rose from SAR 27 billion in 2017 to about SAR 133 billion by the end of 2025, while the number of regional headquarters of global companies in the Kingdom exceeded the target, reaching over 700.

Non-oil exports at record highs:

Non-oil exports reached SAR 622.87 billion by the end of 2025, the highest level on record, while the number of factories rose to around 13,000.

Private sector contribution reaches 51%:

The private sector’s contribution to the economy increased to 51% by the end of 2025, reflecting its growing role in supporting economic and social development.

Mining sector sees rapid growth

Saudi Arabia’s mining sector is expanding quickly under Vision 2030, emerging as a key economic pillar, with mineral resources estimated at SAR 9.4 trillion.

Homeownership rises, real estate inflation eases

Homeownership among Saudis reached 66.24% by end-2025, while real estate inflation declined year-on-year for the first time in four years, signaling improved market balance.

Commercial registrations, key sectors grow

Commercial registrations increased from 1.6 million in 2024 to 1.8 million in 2025, led by gains in technology, entertainment, and financial activities.

Kingdom climbs global competitiveness rankings

Saudi Arabia advanced more than 20 places to rank 17th in the 2025 Global Competitiveness Report, supported by regulatory reforms and a stronger business environment.

Tourism, Umrah reach record levels

Total visitors rose to about 123 million in 2025, including 29.3 million inbound tourists, while Umrah pilgrims reached 18.03 million.

Economic growth outlook remains positive

The Ministry of Finance forecasts GDP growth of 5.6% in 2026, while the IMF projects 3.1% growth.

Credit strength reaffirmed

Global rating agencies reaffirmed Saudi Arabia’s creditworthiness, citing solid fiscal fundamentals and strong reserves.