Infrastructure and tourism investments continue expanding

Saudi Arabia is continuing to accelerate spending on major Vision 2030 projects, including NEOM, the Red Sea tourism developments, transportation infrastructure, and urban modernization initiatives. Government officials say the projects are designed to increase non-oil GDP, attract foreign investment, and create long-term employment opportunities.

Analysts expect continued public-sector investment to remain one of the strongest drivers of economic activity in the Kingdom through 2026 and 2027.

Source

Reuters / Saudi Vision 2030 economic coverage – 6 August 2026