Government accelerates private-sector participation

Saudi Arabia is continuing efforts to expand non-oil investment through new industrial, tourism, technology, and infrastructure initiatives aligned with Vision 2030. Authorities are encouraging greater private-sector participation and foreign direct investment to support long-term economic diversification and job creation.

Analysts expect sustained public investment and regulatory reforms to remain major drivers of growth in the Kingdom over the coming years.

Source

Reuters / Saudi Vision 2030 economic coverage – 7 August 2026