RIYADH — Custodian of the Two Holy Mosques King Salman bin Abdulaziz said Saudi Arabia is continuing its journey toward a brighter future after a decade of major achievements under Saudi Vision 2030.In remarks published in the Vision 2030 Annual Report 2025 on Saturday, King Salman said the Kingdom has become a leading example of how to effectively harness its capabilities and resources to drive comprehensive development, with the results reflected in a better quality of life for citizens.“Our country continues its journey toward a brighter future, building on a decade of remarkable progress achieved under Vision 2030,” the King said.He added that the Kingdom has emerged as a model for using its strengths and resources to advance broad development goals.The annual report said Saudi Arabia has entered the third and final phase of Vision 2030 from a position of stronger institutional maturity, broader economic diversification and sustained implementation momentum.According to the report, 93% of Vision 2030 key performance indicators met or exceeded annual targets in 2025, while 90% of initiatives were completed or on track. A total of 935 initiatives were completed and 225 were progressing as planned out of 1,290 initiatives.The report said real GDP reached $1.31 trillion in 2025, while non-oil activities contributed 55% of GDP, underlining the growing strength of economic diversification efforts. Non-oil GDP grew 4.9% compared with 2024.Tourism remained one of the standout sectors, with the Kingdom recording 123 million tourists in 2025. Foreign direct investment inflows also reached $35.5 billion, while more than 700 global companies had established regional headquarters in Saudi Arabia.The report said Phase 3 of Vision 2030 will focus on accelerating delivery, maximizing impact and sustaining long-term progress, while expanding private sector participation and strengthening Saudi Arabia’s global partnerships. In 2016, Saudi Arabia launched Vision 2030 as a long-term national transformation strategy aimed at diversifying the economy, empowering citizens and reducing dependence on oil revenues.
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