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Saudi Vision 2030: Progress Made and Opportunities Ahead in Tourism, IT and Construction

Saudi Market Outlook

29 May 2024

Maha Anwar

Saudi Arabia has made significant strides towards its economic diversification under Saudi Vision 2030. Sectors such as IT, Tourism and Construction are at the forefront of attracting investments into the Kingdom. Read more to find out how.

Since its launch in 2016, Saudi Arabia’s Vision 2030 has been catalyzing business expansion across different industries as the Kingdom focuses on bolstering a strong, diverse economy; one that does not only rely on a single source.

Amid the country's thriving business landscape, sectors like IT, construction, and tourism are witnessing a rapid pace of transformation, creating a surge of opportunities for international companies to expand their operations and capitalize on the market's bullish momentum.

87% of Planned Initiatives under Saudi Vision 2030 Either Met or on Track

Sectors like construction, IT, and tourism have been the cornerstones of the country’s Vision 2030, playing an important role in accelerating its grand objective to enforce the growth of its non-oil economy. In fact, the progress has already been felt across the country's economic landscape, with 87% of the planned initiatives under Vision 2030 either completed or on track. Of these, 360 are completed and 561 are on their way to completion.

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