Eight years since its launch, Saudi Vision 2030 is already well ahead of schedule

RIYADH: Saudi Arabia’s transformation has involved many authors: The government, Saudi citizens, the private sector, and international partners. Their combined efforts have meant that by 2023 — the Vision 2030 midpoint — the plan was already ahead of schedule.

Eight years since its launch, the social reform and economic diversification blueprint’s promise is quickly being realized, with 87 percent of its 1,064 initiatives deemed completed or on track.

At its core, Vision 2030 is built upon three pillars: Building “a vibrant society,” “a thriving economy,” and “an ambitious nation,” rolled out with a phased approach, allowing the Kingdom to adapt, evolve, and become more agile.

As Saudi Arabia approaches the end of phase two — and the start of the 2025 implementation phase — the economic strategy, which was not without its doubters early on, is no longer a mere idea but a genuine transformation.

By the end of 2023, some 197 of Vision 2030’s 243 key performance indicators had been fully achieved. Of those, 176 exceeded their targets.

A similar trend is evident across various socio-economic domains, prompting the nation to reconsider and set higher ambitions and targets for 2030.