<a href="https://www.vision2030.gov" target="_blank" href="https://www.vision2030.gov" target="_blank" href=“https://www.vision2030.gov” target=“_blank” href=“https://www.vision2030.gov” target=“_blankThe Kingdom's Vision 2030 in its eighth year is moving forward, illuminating a new path for the growth of the country and the citizen, and contributing to providing opportunities for success for future generations, based on three pillars that are its strengths, the first of which is that the Kingdom is the depth of the Arab and Islamic worlds, which gave it an authentic cultural status rooted in the depth of history, and the second pillar is its huge investment capabilities, which enables it to launch into new economic horizons by developing the economy and diversifying its sources of income In addition, the Kingdom is a hub that connects three continents and is crossed by sea routes that are among the most important in the world, which makes it characterized by a strategic geographical location and global status.

Building a prosperous and promising future

Since the launch of Kingdom Vision 2030 on April 25, 2016 under the guidance of the Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud and His Royal Highness Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Prime Minister, the Kingdom of Saudi Arabia is witnessing an unprecedented historical transformation and remarkable growth that supports the vision's goal of building a prosperous and promising future through economic growth and improved quality of life.
The Vision represents a journey towards a future full of opportunities for the Kingdom's ambitious and creative youth, and is the largest ambitious national plan for change, transforming dreams and hopes into a reality full of achievements and targets.
Coinciding with the eighth year of the launch of the Kingdom's ambitious vision, the Saudi Vision 2030 Annual Report for 2023 highlights the performance of the vision realization programs in 2023, where 87% of the 1,064 initiatives for 2023 are complete or on track, while the key performance indicators for 2023 are estimated at 243 indicators, 81% of the third level performance indicators have achieved their targets, while 105 indicators have exceeded their future targets for 2024/2025.

The Saudi Vision 2030 Annual Report for 2023 highlights the performance of the vision realization programs in 2023.

Historic increase in Umrah numbers

The Kingdom recorded a historic increase in the number of pilgrims from abroad, reaching 13.56 million pilgrims, exceeding the 2023 target of 10 million, compared to the baseline of 6.2 million pilgrims, and the overall target of the vision is 30 million pilgrims, while the number of volunteers to serve the pilgrims reached more than 131 thousand volunteers, exceeding the annual target of 110 thousand volunteers.

The number of volunteers to serve the pilgrims reached more than 131 thousand volunteers, exceeding the annual target of 110 thousand volunteers. The number of Saudi heritage sites listed with UNESCO reached 7 sites, exceeding the estimated target of 6 sites for the year, compared to the baseline of 4 sites, and close to the 2030 target of 8 sites, the last of these sites registered on the World Heritage List of the United Nations Educational, Scientific and Cultural Organization (UNESCO); ”Arouq Bani Maarid“ reserve.

Due to the Kingdom's regional and international standing and the unlimited support of the wise leadership, the Kingdom won the bid to host Expo 2030 in Riyadh, after the world chose it in competition with the cities of Busan in South Korea and Rome in Italy, with 119 votes representing the majority. In the field of tourism, the number of visitors to the Kingdom reached 106 million, including 27.4 million international visitors, ranking second in the growth rate of international tourists.
To achieve the goals of the Kingdom's vision to improve the quality of life, the actual value of the average life expectancy rate reached 78.10 years compared to the estimated baseline of 77.6 years, while the vision target is 80 years, and the percentage of population groups, including the periphery, covered by health services exceeded the 2023 target by 96.41%, where the target ratio reached 96%, compared to the estimated baseline of 84.13%. The visibility index is 99.5%.
For adults who are physically active for 150 minutes per week, their proportion of the overall visibility target of 64%, achieving an actual value of 62.3% and exceeding the 2023 target of 51%, the baseline was estimated at 49%.

Housing recovery

The housing sector achieved many figures aimed at enhancing the availability of housing options for different segments of society, as 66 thousand Saudi families received their homes, more than 24 thousand housing units were launched until the end of August, and the homeownership rate reached 63.74%, achieving the 2023 target of 63%, compared to the baseline of 47%, and the overall target of the vision is 70%.

More than 96,000 citizens benefited from housing support services for housing products, and the total financial support for those eligible for support was estimated at SAR 4.1 billion, while the percentage of beneficiaries of financial subsidies who are able to work and empowered exceeded the year's target of 32% with an actual value of 32.3% compared to the baseline of 1%, separating it from the vision target by 6%.

On the economic front, the global ranking in terms of the Kingdom's GDP recorded a value of SAR 2,959 billion, compared to a baseline of SAR 2,685 billion, the year's target of SAR 3,032 billion and the vision target of SAR 6,500 billion. The value of non-oil GDP reached SAR 1,889 billion, compared to the baseline of SAR 1,519 billion, the year's target of SAR 1,934 billion, and the overall vision target of SAR 4,970 billion, while the private sector's contribution to GDP reached 45%, achieving the year's target of 45%, compared to the baseline of 40.3%, and the overall vision target of 65%.
SME loans as a percentage of bank loans amounted to 8.3%, compared to the baseline of 2%, the year's target of 8.6% and the vision target of 20%, while the share of local content in the oil and gas sector amounted to 63%, compared to the baseline of 37%, exceeding the year's target of 59%, while the overall vision target is 75%.
The total cumulative export value of oil and gas-related industries amounted to SAR 605.43 billion, compared to the baseline of SAR 128.9 billion, exceeding the year's target of SAR 495.4 billion and the vision target of SAR 2,114 billion. The share of local content in non-oil sector expenditures reached 56.8% compared to the baseline of 52%, the year's target of 59% and the vision target of 75%.
Military Industries saw 10.4% of localization, compared to a baseline of 7.7%, exceeding the year's target of 9% and the vision target of 50%.
Total assets under management by the Public Investment Fund reached SAR 2.81 trillion, compared to a baseline of SAR 0.72 trillion, exceeding the year's target of SAR 2.7 trillion and the vision target of SAR 10 trillion.
93 companies were established in the PIF portfolio in 2023, compared to 71 in 2022, and the fund created 644,000 direct and indirect jobs, compared to 500,000 in 2022.
The share of non-oil exports in non-oil GDP reached 24.1%, compared to the baseline of 18%, the year's target of 36%, and the vision target of 50%, while the unemployment rate among Saudis reached 7.7%, compared to the baseline of 12.3%, exceeding the 2023 target of 8%, while the vision target is 7%.
Technical and vocational education graduates entering the labor market within 6 months of graduation recorded 45.8%, compared to the baseline of 13.9%, the year's target of 46.6%, and the vision target of 7%.6% and the vision target is 65%, while the percentage of university graduates entering the labor market within 6 months of graduation reached 41.2%, compared to the baseline of 13.3%, achieving the year's target of 41.2%, while the vision target is 75%.
The percentage of persons with disabilities who are able to work reached 12.6%, compared to the baseline of 7.7%, exceeding the year's target of 12.3%, while the vision target is 15%.
Because women are essential partners with their male counterparts in driving national development, the Kingdom's vision was keen to empower women and provide everything that would ensure that they play their developmental role, shielded by full rights and legislation by the wise leadership - may God support them - is a translation of what the Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud - may God protect him - emphasized in his annual address to the Shura Council, saying: “We will continue our efforts to empower Saudi women and raise their participation rates in the public and private sectors."

As a result of the support and empowerment of the Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud and His Highness the Crown Prince - may God protect them - the participation rate of women in the labor market reached 34%, compared to the baseline of 22.8%, and the vision target is 40%, while the participation rate of Saudi women in the labor force reached 35.5%.
The Economic Participation and Opportunity sub-index reached 0.637, compared to the baseline of 0.33, exceeding the overall target of 0.592, while the vision target is 0.736.
The Kingdom was able to record inflation rates among the lowest among the G20 economies, reaching 1.6% in the fourth quarter, compared to 3.1% in the same quarter of 2022, and the Kingdom recorded the highest historical level of contribution of non-oil activities at 50% of real GDP for 2023, and GDP growth for non-oil activities reached 4.7% in 2023.

The Saudi ICT market is the largest and fastest-growing in the Middle East and North Africa with growth of 10%, while its contribution to GDP rose to 3.8%.
Job localization expanded to include 14 occupations in the logistics sector, with ICT occupations recording a localization rate of 65%.
As part of the efforts to enable employment, the number of jobs in the ICT sector reached 354 thousand jobs, the culture sector included more than 216 thousand employees, the number of jobs in the tourism sector reached 913 thousand jobs, and more than 49 thousand job opportunities were made available to Saudi social security beneficiaries.
The indicator of the volume of sales of productive families supported by the Social Development Bank for the year 2023 was estimated at more than SAR 15 billion, exceeding its target of more than SAR 14 billion.
In the health field, as part of enhancing and raising the efficiency of health services to facilitate the beneficiaries' experience, more than 30 million beneficiaries benefited from the "My Health" application, the "Doctor per Family" service was launched to provide health care, prevention and treatment, where 20 million beneficiaries were linked to a medical team for each family, and the Nafis platform was launched, which benefited more than 14 million beneficiaries.

Nafis.

Providing an attractive investment environment

<The Kingdom has developed 50 industrial investment opportunities worth more than SAR 96 billion, and foreign and joint investments in the industrial sector accounted for 37% of the total sector investments until May 2023, worth more than SAR 542 billion, and more than 200 international companies have moved their regional headquarters to Riyadh.
Non-oil government revenues amounted to SAR 457 billion, compared to the baseline of SAR 166 billion and the vision target of SAR 1,000 billion, covering 35% of the total budget expenditures for 2023, estimated at SAR 1,293 billion.
The Kingdom ranked 31st in terms of its ranking in the United Nations e-Government Development Index, compared to the baseline in which the Kingdom ranked 36th, while the overall target of the vision was set at 5.
The Kingdom ranked 17th globally among the 64 most competitive countries, 2nd globally in the Cybersecurity Index, 3rd among G20 countries in terms of overall performance, 3rd among G20 countries in terms of overall performance, and 3rd among G20 countries. 5 in the Financial Market Index, 6 in Economic Performance, 11 in Government Efficiency, 13 in Business Efficiency, and 34 in Infrastructure.
In the logistics sector, the Kingdom achieved 17th place in the World Bank's Logistics Index and eighth in the LLOYD'S global ranking, and made progress in the international air connectivity index, ranking 13th.
To promote the culture of volunteering and spread it among the general community, the vision set targets to increase the number of volunteers in order to achieve the charitable purpose, as the number of volunteers reached 834 thousand volunteers, compared to the baseline of 22.9 thousand volunteers, exceeding the year's target of 670 thousand volunteers, and the vision target of one million volunteers, while the percentage of large companies that offer social responsibility programs reached 64.8%, compared to the baseline of 30%, exceeding the year's target of 57%, and the vision target of 90%.
2023 saw more than 53 million volunteer hours recorded through the National Platform for Volunteerism, provided more than 528,000 volunteer opportunities, and included more than one million volunteers registered on the platform, contributing in more than 30 volunteer fields.
The non-profit sector contributed 0.87% to GDP, compared to a baseline of 0.2%, exceeding the year's target of 0.51% and the vision target of 5%.
The proportion of workers in the non-profit sector in the total labor force was 0.55%, compared to the baseline of 0.13%, exceeding the year's target of 0.39% and the vision target of 3.1%.
In the environmental field and to combat climate change issues, and as part of the Green Saudi initiative, the Kingdom has made tangible progress in its sustainable environmental initiatives to be a successful launch towards a green era and a more sustainable tomorrow, including planting more than 49 million trees in various regions of the Kingdom, and more than 3 million wild seedlings, and rehabilitating more than 975 hectares of agricultural terraces in the southwest of the Kingdom, equipped with rainwater harvesting technologies, and the rehabilitated vegetation area index recorded 192. 4 thousand hectares, exceeding the target for the year of 0.39%, and the target of the vision is 3.1%.4,000 hectares, exceeding the year's target of 69,000 hectares, 1,660 endangered animals were resettled, 7 Arabian tiger cubs were born, 18.1% of land areas became nature reserves, and 6.49% of marine areas became nature reserves.

The Kingdom witnessed the birth of 7 Arabian tiger cubs, 18.1% of land areas became nature reserves, and 6.49% of marine areas became nature reserves.

Reducing carbon emissions

<To contribute to reducing carbon emissions, the Kingdom has exported commercial quantities of clean ammonia to Japan, South Korea, China, Thailand and Europe for power generation as part of their projects. In 2020, 40 tons of blue ammonia was shipped to Japan, in the first integrated value chain, and in 2021, 40 tons of blue ammonia was shipped to Japan. A contract for the installation of a desalination plant with a capacity of more than 2 GW was signed for Air Products in NEOM, while in 2022 the Kingdom and South Korea signed initial agreements to develop green hydrogen, and by 2030 the Kingdom is looking to be the largest provider of hydrogen in the world with an annual target of 4 million tons.
2,800 gigawatts of renewable energy have been connected to the national electricity grid, enough to power 520,000 homes.
Under the follow-up, guidance and direct supervision of His Royal Highness Prince Mohammed bin Salman bin Abdulaziz Al Saud, the Kingdom's Vision 2030 is moving forward in achieving achievement after achievement, with the Government Effectiveness Index reaching 70.8 degrees for the year 2023, compared to the baseline of 63 degrees, exceeding the target of 60.7 degrees, while the vision target is 91.5 degrees.

There is no doubt that these achievements in the eighth year of the vision would not have been possible without the success of God Almighty, followed by the guidance and diligent follow-up by the wise leadership, which comes as a translation of what His Highness the Crown Prince - may God protect him - said: "We have called this vision Vision 2030, but we will not wait until then, but we will immediately start implementing everything we have committed ourselves to, and with you, Saudi Arabia will be a great country that we will all be proud of - God willing."