Business · Economy · 12 hrs ago
Saudi Arabia’s Vision 2030 expands non-oil growth and private investment
Saudi Arabia is using Vision 2030 to build a more diverse economy alongside its established oil sector.
The plan aims to expand private business and develop new industries, drawing on the country’s natural resources and investment capacity.
In 2025, the economy grew 4.5%, and non-oil activities grew 4.9%.
The private sector’s share of the economy rose from 44% when the plan began to 51% in 2025.
The Public Investment Fund is helping finance new businesses and industries, including Ceer, an electric-car company launched in 2022 with Foxconn.
The changes also involve workers: unemployment among Saudi citizens fell to 7.2% in the fourth quarter of 2025, while women’s participation in the workforce rose to about 35%.
The figures point to a broader effort to create lasting production and jobs, but no next steps are specified.
Saudi Arabia’s Vision 2030 is expanding non-oil activity and the private sector’s role in the economy, according to Al Eqtisadiah.
Real GDP grew by 4.5% in 2025, while non-oil activities grew by 4.9%.
The private sector’s share of GDP rose from 44% when the vision was launched to 51% in 2025.
The Public Investment Fund reported 3.4 trillion riyals in assets under management in 2025 and has backed investment in new sectors.
Labor-market indicators also shifted, with Saudi unemployment at 7.2% in the fourth quarter of 2025 and women’s labor-force participation reaching about 35%.
- Who
- Saudi Arabia and its Vision 2030 program.
- What
- The country is diversifying its economy, expanding non-oil activity and increasing private-sector participation.
- When
- The article reports figures through 2025, with research and development figures for 2024.
- Where
- Saudi Arabia.
- Why
- To build a more diverse, competitive economy and develop new sectors, production and investment.
This story does not have two clearly opposing sides.
Saudi unemployment was 12.3%.
The Public Investment Fund’s cumulative domestic investments reached about 750 billion riyals.
The Public Investment Fund launched Ceer, a Saudi electric-car brand, in partnership with Foxconn and using licensed BMW technology.
Spending on research and development rose 30.4% to about 29.48 billion riyals.
Real GDP grew 4.5%, non-oil activities grew 4.9%, and the private sector’s share of GDP reached 51%.
- Real GDP growth
- 4.5% in 2025
- Non-oil activity growth
- 4.9% in 2025
- Private-sector GDP share
- 51% in 2025, up from 44% when Vision 2030 launched
- Public Investment Fund assets
- About 3.4 trillion riyals under management in 2025
- Saudi unemployment
- 7.2% in the fourth quarter of 2025
- Women’s labor-force participation
- About 35%
Sources
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