Saudi Arabia has entered an advanced stage of implementing 'Vision 2030', achieving 93% of its performance indicators, either meeting or exceeding targets. This reflects a rapid progression towards the final phase of the vision.
The latest annual report revealed that 309 out of 390 indicators have met or surpassed their interim targets, while 935 initiatives out of 1290 have been completed, with 225 initiatives on the right track. The report also noted that 90% of the initiatives are either completed or on track, alongside the implementation of over 1200 reforms to support the modernization of systems and regulations.
Event Details
The Kingdom has advanced 32 ranks in the e-participation index since 2016, reaching 7th place globally. Additionally, 8 Saudi sites have been included in UNESCO's World Heritage list, and the number of volunteers has increased more than 75 times to reach 1.7 million volunteers.
In terms of public health, figures show that 59.1% of adults engage in physical activity weekly, while the average life expectancy has reached 79.7 years, nearing the 2030 target. The number of pilgrims from abroad has exceeded 18 million, and the percentage of Saudi households owning homes has risen to 66.24%, with healthcare coverage reaching 97.5% of the population.
Background & Context
Vision 2030 aims to diversify the national economy and reduce dependence on oil by enhancing non-oil sectors. The figures indicate that non-oil activities contribute over 55% to the GDP, with non-oil output growing by 4.9%, bringing the GDP to 4.9 trillion riyals.
Moreover, non-oil exports have risen to 622 billion riyals, and foreign investment has doubled to 133 billion riyals compared to 28 billion in 2017. These achievements reflect the Kingdom's efforts to attract investments and boost economic growth.
Impact & Consequences
The effects of Vision 2030 extend beyond the economy, contributing to women's empowerment, with their participation in the labor market reaching 35%, and 48% of commercial registrations owned by women. Additionally, loans for small enterprises have increased to 11.3% of total loans, reflecting government support for the private sector.
In education, 22 Saudi universities have been ranked in the QS World Rankings, and the Kingdom has received 25 international awards in science and engineering, showcasing progress in research and development.
Regional Significance
Vision 2030 serves as a model in the region, with many Arab countries seeking to implement similar reform plans to enhance growth and development. Furthermore, Saudi achievements contribute to boosting tourism, with the number of tourists rising to 123 million, alongside record tourist spending of 304 billion riyals.
The Kingdom is also striving for environmental sustainability by doubling water production and planting over 151 million trees, reflecting its commitment to environmental conservation.
These figures reveal the Kingdom's transition from the planning phase to actual harvesting, where the indicators of a 'vibrant society', 'thriving economy', and 'ambitious nation' integrate into a single tableau, reflecting an unprecedented structural transformation that positions Saudi Arabia confidently towards achieving its major targets by 2030.