Vision 2030

Accesso Technology Group has been selected to provide guest experience technology for Saudi Arabia's Qiddiya giga-project, part of the Saudi Vision 2030 initiative aimed at economic diversification. Accesso's Horizon solution will be deployed across attractions like Six Flags Qiddiya and Aquarabia, enhancing the visitor experience and positioning Accesso as a key player in the Middle Eastern entertainment industry. About Accesso...

Saudi Arabia has announced new water and sewerage projects worth $533 million in the Riyadh region to enhance public utility services. These initiatives are part of the Vision 2030 strategy to improve infrastructure and quality of life as the population grows. According to the National Water Co., 30 projects are underway, covering nearly 2,000 km in Riyadh and its surrounding...

Technological innovation is rapidly transforming the global digital economy, and Saudi Arabia is actively participating in this shift. The Kingdom's Vision 2030 is a strategic framework guiding its economic transformation and technological growth. Notably, Saudi Arabia ranks fourth in the 2024 United Nations E-Government Development Index, and it leads the Arab world in the Global AI Index, reflecting its swift...

Saudi Arabia's domestic tourism is booming during Eid Al-Fitr, significantly boosting the hospitality industry. The trend towards local travel is reshaping the market as residents seek to explore the country's tourism offerings. According to a recent report, domestic flight bookings increased by 45% in 2024, driven by expanded tourism options and affordable flights from low-cost carriers. This surge highlights a...

Saudi Arabia's Circular Carbon Economy Framework: A Global Model for Emissions Reduction Saudi Arabia's Circular Carbon Economy (CCE) Framework, introduced during its G20 presidency, is setting a global standard for reducing emissions, investing in renewable energy, and enhancing carbon capture. Endorsed by G20 leaders in 2020, the framework promotes a sustainable approach to climate change while ensuring clean energy access....

Saudi Arabia is actively working to reduce its reliance on oil by advancing its Vision 2030 strategy, which aims to expand the economy, create jobs, and attract more foreign investment. However, a leading ratings agency predicts that the country will face a larger budget deficit this year due to declining oil prices.

At the World Economic Forum 2025, Saudi Arabia emphasized the necessity for global cooperation to address the world's fragmentation. Prince Faisal bin Farhan, Foreign Affairs Minister, underscored the importance of prioritizing collective interests to find solutions that benefit everyone. Economy and Planning Minister Faisal F. Alibrahim advocated for economic diversification, suggesting the private sector's dynamic growth as a strategy to...

Saudi Arabia is ambitiously targeting 70 million tourists annually by 2030, striving to become one of the world's top seven tourist destinations, according to Tourism Minister Ahmed Al Khateeb. During a panel at the World Economic Forum in Davos, Al Khateeb highlighted that the country attracted nearly 30 million international tourists last year, marking a record achievement. The minister credited...

Saudi Arabia's strategic vision for future growth was a focal point at the World Economic Forum in Davos. Economy and Planning Minister Faisal F. Alibrahim emphasized the Kingdom's commitment to its long-term development strategy, Saudi Vision 2030, during a session on growth. He described it as an example of confident and optimistic leadership balanced with careful management. In another session,...

The World Economic Forum (WEF) Annual Meeting 2025 in Davos showcased Saudi Arabia's strategic growth plans, as outlined by the Minister of Economy and Planning, Faisal F. Alibrahim. He emphasized the Kingdom's ambitious Saudi Vision 2030, describing it as an embodiment of bold leadership and strategic foresight. In a session on regional diplomacy, Foreign Affairs Minister Prince Faisal bin Farhan...

Saudi Arabia is investing over $500 billion in sustainable and innovative tourism projects, as highlighted by Tourism Minister Ahmed Al-Khateeb at the World Economic Forum in Davos. These efforts are part of the Kingdom's Vision 2030, aiming to enhance economic growth and cultural exchange through eco-friendly tourism development. Al-Khateeb emphasized the importance of sustainability in projects like AlUla and The...

Saudi Arabia's Economic Diversification Surpasses Expectations at World Economic Forum Saudi Arabia's finance minister, Mohammed Al-Jadaan, addressed the World Economic Forum, highlighting the Kingdom's economic resilience despite the IMF's recent GDP growth downgrade. Al-Jadaan emphasized the importance of focusing on non-oil GDP growth as part of the Vision 2030 initiative. The IMF adjusted its 2025 GDP growth forecast for Saudi...

Saudi Arabia's Public Investment Fund (PIF) is actively pursuing strategies to finance its Vision 2030 initiative. This includes issuing US dollar-denominated bonds, acquiring a substantial share in Saudi Reinsurance Company, and divesting from Thiqah Business Services Company.

Saudi Arabia is emerging as a leader in the global gaming and esports arena, driven by strategic investments and a focus on integrating gaming into society. This sector is a key part of the Kingdom's Vision 2030, with projections estimating a $13.3 billion market by 2030. The National Gaming and Esports Strategy (NGES) introduced in 2022 aims to generate 39,000...

Saudi Economy Minister Discusses Global Growth and Vision 2030 At the World Economic Forum in Davos, Saudi Arabia's Minister of Economy and Planning, Faisal Alibrahim, addressed the Kingdom's approach to evolving US economic policies and their potential impact on global trade. In response to questions about US President Donald Trump's focus on maximizing oil and gas production, Alibrahim emphasized Saudi...

Saudi Arabia's Economic Strength and Vision 2030 Faisal Al-Ibrahim, the Minister of Economy and Planning, emphasized Saudi Arabia's success in leveraging its human and natural resources. He credited Vision 2030 for transforming the Kingdom into a global investment powerhouse. Vision 2030 has laid a robust foundation for growth, invigorating both new and traditional sectors. This initiative attracts capital focused on...

Saudi Arabia is poised to boost its GDP by SAR 50 billion over the next decade by expanding its esports industry. A report by PwC and the Saudi Esports Federation highlights the nation's potential to become a global esports hub. Esports has surged in popularity and revenue, especially during the pandemic. PwC forecasts the global market will grow from $2.06...

Saudi Arabia's General Authority of Civil Aviation plans to unveil over $100 billion in investment opportunities at the World Economic Forum in Davos. This initiative is part of the Kingdom's strategy to become a global aviation hub. The Saudi House Pavilion will highlight key projects in aviation, including airports, airlines, and logistics. The plan includes $50 billion for airport expansion...

Saudi Arabia is actively engaging in the World Economic Forum to promote global efforts in enhancing the digital economy, innovation, and artificial intelligence. This was highlighted by a senior official emphasizing the Kingdom's strategic role as the world shifts from digitalization to AI. Communications and Information Technology Minister Abdullah Al-Swaha stated that Saudi Arabia's involvement aligns with its National Strategy...

SEALSQ Corp, a prominent entity in semiconductors and post-quantum technology, is expanding into Saudi Arabia. In partnership with WISeKey International Holding and the Juffali Group, SEALSQ aims to bolster the Kingdom's Vision 2030 by enhancing digital transformation and cybersecurity. The collaboration, which includes the WISeKey Arabia joint venture established in 2019, will introduce advanced technologies to support Saudi Arabia's ambitious...

Starting January 14, Indian workers applying for a Saudi Arabian work visa must complete a pre-verification of their professional and academic qualifications. This change affects a significant group, as Indians represent the second-largest expatriate community in Saudi Arabia, numbering over 2.4 million. Across the Gulf region, more than two million Indians are employed in countries like Saudi Arabia, the UAE,...

Newlab, a company from New York City specializing in launching and funding startups in industrial sectors, is expanding to Riyadh, Saudi Arabia. The new hub will initially target the mining industry, with plans to later focus on energy, logistics, and advanced manufacturing. Newlab's larger hubs typically require substantial funding commitments from governments and large corporations. The Riyadh hub underscores Saudi...

Saudi Arabia's General Entertainment Authority has announced 29 new investment opportunities targeting six sectors within the entertainment industry. This initiative, in partnership with the Ministry of Investment, aims to expand the Kingdom's entertainment offerings and encourage private sector involvement, aligning with the goals of Vision 2030. The sectors targeted include facilities, destinations, water parks, adventure parks, virtual reality parks, and...

The Saudi-Japanese Joint Business Council recently convened in Riyadh, with notable attendees including Saudi Minister of Investment Khalid Al-Falih and Japan’s Minister of Economy, Trade and Industry Muto Yoji. The meeting attracted over 80 representatives from various companies and institutions from both nations. The Japanese delegation featured members from industrial, commercial, and financial sectors, focusing on modern technologies and the...

BRANDVOICE is a commercially supported content program. The recent COP29 in Baku highlighted the challenges of the global energy transition. Despite ambitious goals, developing countries struggle to secure the necessary $1.3 trillion annually for their decarbonization and development plans, far exceeding the debated $300 billion climate finance agreement. A McKinsey report reveals a gap between climate targets and action, with...

Lenovo has announced a significant partnership with Saudi Arabia's Alat to establish a sustainable manufacturing facility, aligning with the Kingdom's Vision 2030. This $2 billion deal marks Lenovo's strategic expansion into the Middle East and Africa. Lenovo's Strategic Move The collaboration with Alat, known for its eco-friendly practices, underscores Lenovo's commitment to sustainability. The investment involves zero-coupon convertible bonds and...

Lucid Motors Joins 'Made in Saudi' Initiative Lucid Motors, a leading electric vehicle manufacturer, is the first global automotive company to join Saudi Arabia's "Made in Saudi" program. This achievement allows Lucid to display the "Saudi Made" label, highlighting the country's emphasis on quality and innovation. The initiative is part of Saudi Arabia's strategy to enhance its industrial sector, aiming...

Saudi Arabia's Vision 2030 gained momentum in 2024 through strategic partnerships across various industries, boosting its global economic stature. These alliances aim to diversify the economy and reduce oil dependency. Key agreements were made in education, tourism, IT, finance, manufacturing, and renewable energy, highlighting Saudi Arabia's commitment to economic transformation. According to Yaseen Ghulam of Al-Yamamah University, these efforts are...

UN Trade and Development's Empretec program is enhancing support for Saudi entrepreneurs through two new initiatives: FintechHub and LogiHub. These projects aim to equip entrepreneurs with necessary skills and knowledge in the rapidly growing sectors of financial technology and logistics. These initiatives are part of Saudi Arabia's ambitious "Vision 2030" plan, which seeks to diversify its economy by focusing on...

Riyadh – During the French President Emmanuel Macron's visit to Saudi Arabia, a significant energy agreement was signed. TotalEnergies and Aljomaih Energy and Water Company (AEW) have entered into a 25-year Power Purchase Agreement (PPA) with the Saudi Power Procurement Company (SPPC) for the Rabigh 2 solar power project, which will generate 300 MW. This initiative is part of the...