A report from Saudi Vision 2030 for 2025 indicates that the Kingdom has made remarkable progress in the mining sector, ranking among the top 10 countries globally according to the mining investment index published by the Fraser Institute of Canada. This achievement reflects an improvement in the investment environment within this strategic sector, enhancing the Kingdom's position as a primary destination for investments in mining.
The Kingdom has also recorded a significant increase in the estimated value of mineral wealth, which has risen by 90% to approximately 9.4 trillion riyals, compared to 4.9 trillion riyals previously. This growth indicates the increasing untapped potential beneath Saudi soil, opening new horizons for investment and development.
Event Details
In a related context, the industrial sector has witnessed substantial expansion, with the number of factories in Saudi Arabia rising from 7,206 to over 12,900 by the end of 2025. The volume of industrial investments has reached around 1.2 trillion riyals, reflecting the acceleration of local manufacturing and the enhancement of value chains within the national economy.
In the logistics sector, the number of activated logistics centers has increased to 24, alongside significant improvements in customs procedures. The average customs clearance time has decreased from 9 hours to less than 2 hours, contributing to faster trade movement and reduced supply chain costs.
Background & Context
Saudi Vision 2030 is an ambitious plan aimed at diversifying the Saudi economy and reducing dependence on oil. By enhancing sectors such as mining, industry, and logistics, the Kingdom seeks to achieve sustainable growth and increase its global competitiveness.
The number of licensed deposit areas has also increased from 6 to 21, reinforcing the Kingdom's position as a regional logistics hub. These developments align with government efforts to improve the business environment and attract foreign investments.
Impact & Consequences
These indicators confirm that the economic transformation under Saudi Vision 2030 is no longer limited to quantitative growth but has extended to reshaping the structure of the Saudi economy. By enhancing mining, industry, logistics, and digital transformation, the Kingdom is emerging as a rising economic, industrial, and technological power on the global stage.
Moreover, the Kingdom has strengthened its position in the global digital economy, achieving top rankings in several international indices, such as the Communications and Technology Development Index, the Digital Readiness Index, and the Cybersecurity Index. These achievements reflect the success of the digital transformation strategy in building an advanced and resilient technological infrastructure.
Regional Significance
This progress in the mining, industry, and logistics sectors serves as a model for other Arab countries, as these strategies can contribute to enhancing economic development and achieving stability in the region. The Kingdom's success in attracting investments may encourage other nations to adopt similar policies.
In conclusion, Saudi Arabia stands out as a growing economic power, with these achievements reflecting its commitment to realizing Vision 2030 and enhancing its position in the global economic arena.