The 95th National Day of the Kingdom of Saudi Arabia comes this year loaded with unprecedented historical achievements in various sectors, especially the housing sector and the national economy, as these achievements reflect the fruits of Kingdom Vision 2030, which put the citizen at the center of development and made the Saudi economy a global model for diversity, innovation and sustainability.
This national occasion represents an opportunity to take pride in what has been achieved on the ground in terms of major projects, ambitious policies and a strategic vision that places the Kingdom in the ranks of major economies globally. This national occasion represents an opportunity to celebrate the major projects, ambitious policies, and strategic vision that put the Kingdom in the ranks of major economies globally.
This national occasion represents an opportunity to take pride in what has been achieved on the ground in terms of major projects, ambitious policies, and a strategic vision that places the Kingdom in the ranks of major economies worldwide. 95th National Day for the Kingdom of Saudi Arabia is an illuminating platform to review the national gains achieved within the framework of Vision 2030, which is moving at an accelerated pace towards building a prosperous economy, a vibrant society and an ambitious homeland.
This national occasion represents an opportunity to take pride in what has been achieved in reality in terms of major projects, ambitious policies and a strategic vision that places the Kingdom among the major economies globally. <Thanks to the Kingdom's human and natural resources, investment capabilities, economic strength, and strategic geographical location, it was able to achieve record numbers in the percentage of completed initiatives of the vision. The Vision 2030 Annual Report for 2024 revealed that 85% of active initiatives are on track, with 93% of interim indicators exceeding their annual targets or achieving them early, including strategic indicators in tourism, economy, and human development.
With its human and natural resources, investment capabilities, economic strength, and strategic geographical location, the Kingdom has been able to achieve record numbers in the percentage of completed Vision 2030 initiatives.
A quantum leap in housing
In the housing sector - one of the quality of life pillars of Vision 2030 - Saudi households" home ownership rate rose to 65.4% by the end of 2024 from 47% in 2016, exceeding the 2025 target, and more than 850,000 Saudi families benefited from subsidized ownership programs, reflecting the success of housing policies in promoting family and social stability and translating the state's commitment to providing a decent life for citizens.
Diversified and sustainable economy
The Saudi economy also continued to achieve unprecedented achievements in diversifying sources of income, as non-oil activities reached 56% of GDP, exceeding four and a half trillion riyals, and the attractive investment environment contributed to attracting 660 international companies to take the Kingdom as their regional headquarters, strengthening its position as a global economic center.The assets of the Public Investment Fund more than tripled to reach 3.53 trillion riyals, and the contribution of the private sector to GDP rose to 47%, exceeding the 2024 targets, a clear indication of the growing role of the private sector in driving development.
Also, the attractive investment environment contributed to attracting 60 international companies to locate in the Kingdom, strengthening its position as a global economic center.
Sectoral achievements that support the national economy
The Kingdom has also achieved qualitative leaps in multiple sectors, including the registration of 8 Saudi sites on the UNESCO World Heritage List, the increase in the participation rate of women in the labor market to 33.5%, exceeding the 2030 target, and the number of employees in small and medium enterprises increased to 7.86 million employees, which boosts the national economy and generates new job opportunities for citizens.The number of employees in small and medium enterprises increased to 7.86 million employees, which boosts the national economy and creates new job opportunities for citizens.
National Identity and Global Economy
In the context of promoting the national identity and the Saudi Riyal as a global economic symbol, 2025 saw the adoption of the Saudi Riyal currency symbol in a move aimed at highlighting the Kingdom's position among major economies and enhancing confidence in the national currency, at a time when the Kingdom leads the global indicators in innovation and entrepreneurship, as it was selected as the "Country of the Year 2025" according to the StartupBlink global report, and Riyadh topped the list of the fastest growing cities in the innovation and entrepreneurship system globally.
