Vision 2030 Archives

Saudi Arabia raises Saudization goals again, targets now as high as 80% in some sectors | World News

Private firms with five-plus employees in pharmacy and engineering roles, and three in dentistry, must meet new Saudization rates/Representative Image TL;DR: From July 27, 2025, Saudization rates rise across pharmacy (35–65%), dentistry (starts at 45%), and technical engineering (30%) sectors in Saudi Arabia. Updated quotas apply to private-sector establishments with specified company sizes and minimum […]

Saudi Arabia’s Q2 2025 budget: Non-oil revenues jump 7%, now nearly half of all government income | World News

The non-oil revenue growth helped soften the blow of a 29% drop in oil income, easing pressure on Saudi Arabia’s Q2 2025 budget deficit/ Image: Saudi Arabia Ministry of Finance In a significant financial development for Saudi Arabia, non-oil revenues in the second quarter of 2025 rose sharply by 7 percent, reaching SR149.861 billion ($39.9 […]

Saudi Arabia in June issues 83 new industrial licenses and opens 58 factories worth SR2.85 bn | World News

June saw Saudi Arabia add more than 3,000 new industrial jobs through factory openings and newly issued licenses/ Representative Image In a robust signal of Saudi Arabia’s accelerating industrial transformation, the Ministry of Industry and Mineral Resources announced the issuance of 83 new industrial licenses in June, amounting to over SR950 million ($253.3 million) in […]

Saudi Arabia’s unemployment falls to 2.8%: Here’s what’s changing in the job market | World News

The kingdom’s unemployment rate drops to a new low amid Vision 2030 reforms/Representative Image TL;DR: Saudi Arabia’s overall unemployment rate including nationals and expatriates dropped to just 2.8% in Q1 2025, down from 3.5% in Q4 2024. Saudi nationals’ unemployment reached a historic low of 6.3%, ahead of the Vision 2030 target of 7%, prompting […]

Saudi Arabia’s Vision 2030: Five years left, how much progress has been made and will it succeed? | World News

Saudi Arabia is reshaping its future with Vision 2030, a plan built on people, progress, and purpose/ Image: File TL;DR Vision 2030 is Saudi Arabia’s national plan to reduce its dependence on oil and reshape its economy and society. It focuses on three core goals: a vibrant society, a thriving economy, and an ambitious government. […]

Why Saudi Arabia imports sand from Australia despite its endless deserts | World News

Construction-grade sand imported from Australia and other nations meets Saudi Arabia’s demand for coarse, angular aggregates that local desert sands cannot provide/Image: NatGeo TL;DR: Saudi Arabia imports sand from nations such as China and Australia to meet construction standards for mega projects. Desert sand is unsuitable for concrete due to its fine, rounded texture. The […]

UAE: Air Arabia wins bid to launch Saudi low-cost airline in Dammam, boosting Vision 2030 goals | World News

Air Arabia-led alliance to launch new low-cost Saudi airline from Dammam under Vision 2030/ Representative Image TL;DR Air Arabia, based in the UAE, will lead a new Saudi low-cost airline. The airline will be based in Dammam and fly to 81 destinations. It’s part of Saudi Arabia’s wider aviation push under Vision 2030. On July […]

From 17% to 36%: Female employment in Saudi Arabia surges past Vision 2030 target | World News

Saudi Arabia’s labour reforms under Vision 2030 have lifted women’s workforce participation from 17% in 2017 to over 35% in 2024 and counting/Representative Image TL;DR: Female labour-force participation jumped from ~17% in 2015 to 36.2% in Q3 2024, well above Vision 2030’s initial 30% target . “Mada” digital payments saw e-commerce sales grow 25.8% to […]

UAE and GCC residents can now invest directly in Saudi Arabia’s main stock market, Tadawul | World News

GCC residents can now buy and sell shares directly on Tadawul, replacing indirect access and boosting regional investment opportunities/ Image: (File) Saudi Arabia now allows GCC residents to directly invest in its main stock market, Tadawul. Previously, Gulf investors could only access the main market via indirect swap agreements. New rules let former residents of […]

Why Saudis are travelling more than ever and how Vision 2030 is behind the shift | World News

Saudi travellers are embracing new destinations and digital booking trends as tourism becomes a core pillar of the Kingdom’s Vision 2030 transformation/Image: Wikipedia TL;DR: Saudis are travelling more within the Kingdom and beyond, with digital-first behaviour and flexible travel habits gaining ground. This rise reflects not just seasonal patterns, but deeper economic shifts tied to […]