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Private sector expansion shapes Saudi Arabia's future growth
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Saudi Arabia is entering a new phase of its Vision 2030 agenda, with greater emphasis on consolidating and maximising the impact of economic reforms introduced over the past decade. Since the launch of Vision 2030 in 2016, the Kingdom has pursued an ambitious agenda aimed at diversifying away from hydrocarbons, expanding private sector activity across the economy and positioning the Kingdom as a globally…

Overview

Increased private investment reshapes Saudi Arabia's global trade role
OBG
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Saudi Arabia’s transport and logistics industry continues to experience robust expansion and is a pillar of Vision 2030, the national blueprint for economic diversification. Sector growth is driven by the roadmap’s aims to position the Kingdom as a global logistics, aviation and trading centre. Giga-projects, including port and airport upgrades and the construction of large-scale new cities, coupled…

Overview

Real estate mega-projects drive growth in Saudi Arabia's housing developments
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Saudi Arabia’s Vision 2030, a national roadmap for economic diversification, remains the backbone of the country’s construction and real estate sectors. Under Vision 2030, ongoing giga-projects involve the building of entire new cities, large-scale residential housing developments, luxury resorts and restored heritage sites, ensuring a substantial pipeline of construction activity and real estate…

Overview

New higher education facilities improve Saudi Arabia's competitiveness
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The education and training sectors plays a vital role in building a future workforce equipped to succeed in a knowledge-based, digital economy as the Kingdom pursues Vision 2030, the national programme for economic diversification. With the government’s strong focus on expanding access to quality education from early childhood to adult learning, Saudi Arabia is expected to build on gains made on…

Overview

Vision 2030 drives expansion for banking lenders in Saudi Arabia
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The banking sector sits at the core of Vision 2030. Saudi banks are playing a growing role in supplying credit for giga-projects while also rapidly expanding their support for small and medium-sized enterprises (SMEs), which are important vehicles for Saudi Arabia’s economic diversification and bring more women into the labour market. Thanks to well-organised roadmaps, most notably the Financial…

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Record listings in Saudi Arabia's capital markets signal transformative phase
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With initial public offerings (IPOs), bond and sukuk (Islamic bond) issuances surging and further buildout by the Kingdom’s non-oil economy, Saudi Arabia’s capital markets are currently going through an expansionary period. This change is a key pillar in the Kingdom’s long-term development plan, Vision 2030, which seeks to make the country a regional and international financial centre as part…

Overview

Regulatory reform underpins transformation in Saudi Arabia's health care sector
OBG
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Health care in Saudi Arabia is undergoing a period of rapid transformation, driven by demographic shifts and the ambitions of the Saudi Vision 2030 national development strategy. Government spending has risen to modernise infrastructure, diversify services and improve quality, while a comprehensive health care reform programme is expanding access across the country and introducing international standards.…

Overview

Increased visitor demand supports tourism growth in Saudi Arabia
OBG
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The tourism sector in Saudi Arabia has undergone a significant transformation since the launch of the government’s Vision 2030 national development strategy. Updated policies and higher investment in tourist infrastructure have driven the increase in visitor numbers. Meanwhile, the diversification of Saudi Arabia’s tourism sector through the development of strong business, resort and sports tourism…

Overview

Reforms in 2026 will reshape Saudi Arabia's insurance sector
OBG
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In recent years, Saudi Arabia’s insurance sector has shown strong premium, revenue, asset and equity growth. With a new insurance law on the way as of January 2026, the sector continues to both widen and deepen, while hosting two of the Middle East’s largest insurers: Bupa Arabia and Tawuniya. At the same time, Saudi Arabia is home to the world’s largest sharia-compliant insurance, or takaful…

Overview

Strengthened governance positions GCC's non-profit sectors as significant economic contributors
OBG
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Philanthropy has been a long-standing tradition in Saudi culture, and a wide range of non-profit organisations have emerged across the Kingdom. Traditionally, the approach to giving was informal and fragmented, both in terms of voluntary time and monetary donations. However, since the government included the non-profit sector in its Vision 2030 national development strategy, the sector has become gradually…