A Thriving Economy
Welcome to our vision for a thriving economy in Saudi Arabia.
We are creating an environment that supports economic growth and job creation for all Saudis by leveraging our unique location and potential, attracting top talent, and increasing global investment.
The future of our nation will be determined by our young people, and we are prioritizing them, their skills and their empowerment. We are building a culture that values determination and provides rewarding opportunities for growth while also creating diverse job opportunities for Saudis, while attracting the best global talent.
The Kingdom is open for business. To become a leading global economy, we are improving our business environment, restructuring our economic cities, creating special zones, and deregulating the energy market to make it more competitive. We are also investing for the future by unleashing promising new sectors and privatizing government services to diversify our economy and ensure its sustainability.
Located at the crossroads of three continents, we are leveraging our unique position to become a major hub for international trade and forming new partnerships to grow our economy and supporting our domestic companies in increasing exports.
With these efforts, Vision 2030 is creating a thriving economy that serves as the foundation for a vibrant society and an ambitious nation.
Progress & Achievements
Saudi Arabia is Training its Youth for the Global Labor Market
In the 2021 UNDP Technical and Vocational Training Index, the Kingdom ranked 9th globally.
Saudi Arabia has a Supportive Ecosystem for SMEs to Thrive
1.1+ million SMEs have registered since 2016, highlighting the Kingdom's support of innovation.
Saudi Arabia Ensures the Safety & Health of Workers
The number of entities meeting safety standards increased from 15% in 2015 to 69.4% in 2022.
Saudi Women are Joining the Labor Force at a Rapid Pace
The Saudi female labor participation has nearly doubled from 17% in 2017 to 36% in 2022.
