These excerpts from the Al Riyadh newspaper, dated March 26, 2025, primarily celebrate the eighth anniversary of Crown Prince Mohammed bin Salman’s pledge of allegiance. The articles highlight the Kingdom’s remarkable progress and development across various sectors under his leadership, aligning with Vision 2030. Several pieces also cover Saudi Arabia’s growing international role in economic, political, and diplomatic spheres, including energy markets and peace initiatives. Additionally, the newspaper reports on local developments and initiatives such as infrastructure projects, cultural events, and community services across different regions of the Kingdom.

Vision 2030: A Comprehensive Study Guide

Quiz

Answer the following questions in 2-3 sentences each.

What are some key aspects of the transformative changes brought about by Vision 2030 in Saudi Arabia?
How has Saudi Arabia, under the leadership mentioned, emphasized the importance of education and training?
What are the “Saudi Green Initiative” and “Middle East Green Initiative,” and what do they aim to achieve?
In what ways has the foreign policy of Saudi Arabia shifted since the appointment of the Crown Prince in 2017?
How does Vision 2030 aim to diversify the Saudi Arabian economy away from its reliance on oil?
What role does Vision 2030 envision for the tourism sector in the Kingdom’s future economy?
Describe some of the “giga-projects” associated with Vision 2030 and their intended impact.
How has Vision 2030 contributed to the empowerment of women in Saudi Arabia?
What efforts have been undertaken in Saudi Arabia, as highlighted in the text, to combat corruption?
How does Vision 2030 aim to enhance the quality of life for citizens and residents in Saudi Arabia?

Answer Key

Vision 2030 encompasses a wide range of transformations, including smart cities, investments in clean energy, environmental conservation, and efforts to elevate the Kingdom’s international standing. It aims for comprehensive development across various aspects of life, moving beyond the historical reliance on oil.
The leadership has focused on the critical role of education and training by establishing educational and vocational systems designed to prepare Saudi youth to be at the heart of global development. This initiative seeks to equip the next generation with the skills needed for a modern, competitive workforce.
The “Saudi Green Initiative” and “Middle East Green Initiative” are key environmental programs focused on reducing carbon emissions, protecting the planet, increasing reliance on renewable energy, and planting billions of trees. These initiatives underscore the Kingdom’s commitment to environmental sustainability and combating climate change.
Since 2017, Saudi foreign policy has adopted a more active and influential role in regional and international affairs. The Kingdom has worked to strengthen relationships with various global powers and has taken a leading stance on regional issues, including counter-terrorism efforts.
Vision 2030 seeks to diversify the Saudi economy by promoting the development of non-oil sectors such as tourism, technology, and manufacturing. This includes investing in large-scale projects and creating a free market environment to reduce dependence on traditional oil revenues and foster a more sustainable economic future.
Vision 2030 places a significant emphasis on developing the tourism sector as a key source of national income and economic growth. By investing in infrastructure, cultural and entertainment events, and streamlining visa processes, the Kingdom aims to become a leading global tourist destination.
“Giga-projects” like NEOM, Al Qiddiya, and the Red Sea Project are ambitious developments aimed at creating new hubs for business, tourism, and innovation. These projects are intended to diversify the economy, attract foreign investment, and enhance Saudi Arabia’s global image.
Vision 2030 has actively worked to empower women by granting them new rights and opening opportunities for participation in various sectors of the workforce and society. This includes leadership roles and aims to improve the overall quality of life and foster a more inclusive society.
Saudi Arabia has undertaken significant efforts to combat corruption through legislative reforms, the establishment of anti-corruption bodies like “Nazaha,” and the implementation of transparent governance practices. These campaigns have involved holding high-profile figures accountable and aim to create a healthier institutional environment.
Vision 2030 includes initiatives focused on improving the quality of life through the development of infrastructure, enhanced public services (including education and healthcare), and the promotion of cultural and recreational activities. The development of smart cities and sustainable infrastructure are also key components of this goal.

Essay Format Questions

Analyze the key pillars of Vision 2030 and discuss the extent to which the source material suggests progress towards achieving these goals.
Evaluate the significance of Saudi Arabia’s shift in foreign policy under the current leadership, as portrayed in the excerpts, and its implications for regional stability and international relations.
Discuss the strategies outlined in Vision 2030 for economic diversification, critically assessing the potential challenges and opportunities associated with moving away from oil dependence.
Examine the social reforms and initiatives highlighted in the source material that are aimed at enhancing the quality of life for Saudi citizens and residents, and discuss their broader impact on Saudi society.
Analyze the anti-corruption efforts described in the text and their role in the broader context of Vision 2030’s objectives for national development and international credibility.

Glossary of Key Terms

Vision 2030: A strategic framework launched by Saudi Arabia with the goal of diversifying its economy, developing public service sectors such as health, education, infrastructure, recreation, and tourism, and strengthening governance.
Clean Energy: Energy generated from renewable sources that do not produce greenhouse gases or pollutants, such as solar, wind, and hydroelectric power.
Environmental Conservation: The practice of protecting and preserving natural resources and the environment.
Giga-projects: Large-scale, ambitious development projects initiated as part of Vision 2030, such as NEOM and the Red Sea Project.
Economic Diversification: The process of shifting an economy away from a single income source towards a wider variety of sectors to ensure stability and growth.
Sustainable Development: Development that meets the needs of the present without compromising the ability of future generations to meet their own needs, encompassing environmental, social, and economic aspects.
Foreign Policy: A government’s strategy in dealing with other nations, involving diplomacy, trade, defense, and other interactions.
Empowerment of Women: The process of increasing the social, economic, and political strength of women.
Anti-Corruption: Measures taken to prevent and combat bribery, fraud, and other illegal or unethical practices, especially by government officials or in business dealings.
Quality of Life: The general well-being of individuals and societies, encompassing health, happiness, comfort, and security.
Saudi Green Initiative: A national initiative focused on environmental sustainability, including reducing emissions and planting trees.
Middle East Green Initiative: A broader regional initiative aiming to coordinate efforts across the Middle East to address climate change and environmental challenges.
NEOM: A planned smart city in northwestern Saudi Arabia, envisioned as a hub for innovation, technology, and sustainable living.
Al Qiddiya: An entertainment city under development in Saudi Arabia, focusing on culture, sports, and leisure activities.
Red Sea Project: A luxury tourism development on Saudi Arabia’s Red Sea coast, emphasizing environmental sustainability.
Nazaha: The National Anti-Corruption Commission in Saudi Arabia, responsible for promoting integrity and combating corruption.
Public Investment Fund (PIF): Saudi Arabia’s sovereign wealth fund, playing a key role in funding Vision 2030 projects and diversifying the economy through strategic investments.

Briefing Document: Saudi Arabia’s Vision 2030 and the Eighth Anniversary of the Crown Prince’s Allegiance

Sources: Excerpts from “20724.pdf” (likely an Arabic newspaper or publication).

Overview:

This briefing document synthesizes the main themes and important ideas presented in the provided Arabic source, which focuses on the eighth anniversary of the allegiance ( البيعة الثامنة ) to His Royal Highness Prince Mohammed bin Salman as Crown Prince of Saudi Arabia. The excerpts overwhelmingly celebrate the achievements and ambitious goals of Vision 2030 under his leadership, highlighting progress across various sectors, including economic diversification, social reforms, environmental sustainability, and international relations. The document portrays the Crown Prince as a visionary and inspirational leader driving unprecedented development and positioning Saudi Arabia as a key global player.

Main Themes and Important Ideas:

Commemoration and Renewal of Allegiance:

The anniversary is seen as a significant occasion to reaffirm loyalty and appreciation for the Crown Prince’s leadership.
It’s a time to reflect on the progress achieved under Vision 2030 and to renew commitment towards its future goals.
The source emphasizes the deep-rooted allegiance to a leader who is dedicated to a bright future for the nation and its people: ” (Celebrating the eighth anniversary of the allegiance to His Highness the Crown Prince is a deep celebration and recollection of the national ambition, a redefinition of the Kingdom’s standing, and a confirmation of its path on the international stage, with its renewal every year of loyalty and fidelity to a leader who pledges a bright future for his country and his people).

Vision 2030 as a Catalyst for Comprehensive Transformation:

Vision 2030 is presented as a comprehensive and ambitious roadmap for the Kingdom’s future, encompassing all aspects of life.
It is credited with initiating a new era of development and modernization, moving away from dependence on oil.
The vision is described as a “great strategic vision” and a “brilliant and ambitious roadmap” reaching for the heights ).
It’s a “developmental journey” ) marked by “unprecedented economic renaissance” ).

Economic Diversification and Growth:

A key focus of Vision 2030 is diversifying the Saudi economy away from its reliance on oil revenues.
The establishment of mega-projects like NEOM, Al Qiddiya, and the Red Sea Project are highlighted as drivers of this diversification, aiming to attract investments and boost the Kingdom’s global standing.
The Public Investment Fund (PIF) is playing a crucial role in managing strategic investments to enhance income sources and reduce oil dependence.
The development of the tourism sector is specifically mentioned as a major avenue for economic diversification and revenue generation.

Social Reforms and Quality of Life Enhancements:

The excerpts emphasize improvements in the quality of life for citizens and residents through various initiatives.
Developments in education, healthcare, and entertainment are noted.
The empowerment of youth and the increasing role of women in society are highlighted as significant achievements.
The “Quality of Life Program” is mentioned as aiming to improve living standards by developing infrastructure and services.

Environmental Sustainability:

The importance of environmental preservation and addressing climate change is a prominent theme.
The Crown Prince is portrayed as one of the first leaders to recognize the significance of environmental change for humanity’s future.
Initiatives like the “Saudi Green Initiative” and the “Middle East Green Initiative,” as well as investments in clean and renewable energy projects, are showcased.
The goal of planting 10 billion trees across the Kingdom and protecting 30% of land and sea areas by 2030 is mentioned.

Strengthening International Relations and Global Role:

Saudi Arabia, under the Crown Prince’s leadership, is actively working to strengthen its relations with various global powers in both the West and the East.
The Kingdom is playing a more pivotal role in addressing regional and international issues, aiming to enhance its global standing and expand its alliances.
The Saudi foreign policy under Vision 2030 is described as one of continuous engagement with challenges and a focus on regional stability.
The Kingdom’s role in counter-terrorism and the formation of military alliances for regional stability are mentioned.

Combating Corruption and Promoting Transparency:

A significant aspect of the reforms under the Crown Prince is the strong campaign against corruption.
This is portrayed as a crucial step towards improving government performance, ensuring the proper use of public resources, and building trust between the citizens and the government.
The establishment of the National Anti-Corruption Authority (“Nazaha”) and legislative reforms aimed at strengthening accountability are highlighted.
The Crown Prince’s decisive leadership in holding even high-ranking individuals accountable for corruption is emphasized.

Developing Human Capital through Education and Training:

The importance of education and training is underscored as essential for building a generation capable of contributing to global development.
The Kingdom is becoming a destination for ambitious youth striving to achieve their goals.
The Ministry of Education’s efforts to instill values of moderation, tolerance, and national belonging in students are highlighted.
The development of curricula and various educational programs and initiatives aimed at fostering critical thinking and combating extremism are mentioned.

Hosting Global Events:

Saudi Arabia’s preparation to host major international events like “Expo 2030” in Riyadh and the “FIFA World Cup 2034” is presented as a testament to the Kingdom’s rising global prominence.
These events are expected to further enhance the Kingdom’s position as a cultural and commercial destination.

Philanthropic and Humanitarian Efforts:

The Crown Prince’s initiatives in charitable and humanitarian work, both domestically and internationally, are acknowledged.
The establishment of the Mohammed bin Salman “Misk Al Khairia” Foundation and the support for charitable organizations are mentioned as contributing to social welfare and development.
King Salman Humanitarian Aid and Relief Centre is highlighted for its role in international humanitarian efforts.

Embracing Modernization and Technology:

The excerpts indicate a strong push towards embracing modern technologies, including artificial intelligence, in various sectors.
The development of smart cities and the use of technology to enhance government services and monitor financial activities are mentioned.

Quotes Highlighting Key Aspects:

(Visionary Leadership): “” (The present is being implemented by an inspiring and exceptional leader who is never satisfied with his dreams.)
(Education and Youth Empowerment): ” (He has worked to direct attention towards the importance of education and training, and established an educational and professional system that prepares a generation of Saudi youth to become at the heart of global development; hence, we find that under his leadership, the Kingdom has become a destination for ambitious youth who continue their pursuit of achieving aspirations for the future, whose seeds were sown by Vision 2030.)
(Environmental Focus): “” (The Kingdom was keen to make its role pivotal in preserving the environment and invested in projects of clean and renewable energy to reduce harmful emissions and protect planet Earth…)
(Global Standing): “” (In less than a decade, he has become a rising sun, and with him, a new pivotal force for the Kingdom in the world, a bright sun carrying within it ambitions…)
(Foreign Policy Transformation): ” (Since the allegiance of Crown Prince Prince Mohammed bin Salman in 2017, Saudi foreign policy has entered a new stage, shifting from a reactive role to a pivotal role in various regional and international issues.)
(Economic Diversification Goal): ” (…as he seeks to move the Kingdom away from dependence on the traditional oil economy to a free market-related trading economy.)
(Tourism as a Driver): “” (Also, Saudi Vision 2030 focuses significantly on developing the tourism sector as a primary source, thereby reducing dependence on oil revenue.)
(Mega-Projects’ Impact): ..” (Saudi Vision 2030 includes a set of ambitious projects aimed at achieving a comprehensive transformation in the Kingdom, among the most prominent of these projects: NEOM, a futuristic city based on technology and innovation, aiming to be a global center for business and tourism…)
(Combating Corruption as Strategic Goal): (Combating corruption was not just a security campaign, but part of a strategic vision aimed at improving government performance and ensuring that the Kingdom’s wealth and resources are directed towards achieving the interests of the people and developing the Kingdom in various fields.)
(Vision 2030’s Pillars): “” (The vision represents a plan for the life of citizens, it is a system of interconnected programs, and the vision of the Crown Prince relies on (3) axes to achieve the vision’s path: the vibrant society, the thriving economy, and the ambitious nation…)
(Youth as Real Wealth): “(…the largest segment of society, and the plans of His Royal Highness Prince Mohammed bin Salman aligned with the aspirations and dreams of the youth, the Kingdom’s true wealth.)
(Global Peacemaker Role): “” (Towards His Highness the Crown Prince, asking him – may God protect him – to mediate between them to resolve their political differences, and desiring his intervention to end the ongoing armed conflicts that have drained their societies and spilled their blood, and asking how to stop the wars and conflicts, given his wise opinion and sound judgment.)

Conclusion:

The provided excerpts paint a picture of a Saudi Arabia undergoing rapid and comprehensive transformation under the leadership of Crown Prince Mohammed bin Salman. Vision 2030 is portrayed as a resounding success, driving progress across various critical sectors. The eighth anniversary of the Crown Prince’s allegiance is celebrated as a testament to his visionary leadership, the strong national will to achieve ambitious goals, and the Kingdom’s growing prominence on the global stage. The document reflects a sense of optimism and confidence in Saudi Arabia’s future trajectory towards a diversified, sustainable, and influential global role.

Saudi Vision 2030: Core Objectives and Strategies

Frequently Asked Questions on the Provided Sources

1. What is the central objective of Saudi Arabia’s Vision 2030, as highlighted in these sources?

Vision 2030 aims for a comprehensive transformation of Saudi Arabia, encompassing economic diversification to reduce reliance on oil, modernization across various sectors like technology, tourism, and renewable energy, and an enhanced global standing. It emphasizes improving the quality of life for citizens and residents, fostering a vibrant society rooted in Islamic values and national heritage, and establishing the Kingdom as a leading global force in economics, politics, and culture.

2. How does Vision 2030 intend to diversify the Saudi Arabian economy away from its dependence on oil?

The vision seeks to diversify the economy through strategic investments in non-oil sectors such as tourism, technology, renewable energy, manufacturing, and the development of mega-projects like NEOM, the Red Sea Project, and Al Qiddiya. It focuses on attracting foreign investment, fostering entrepreneurship among Saudi youth, developing a robust free-market economy, and increasing the contribution of non-oil revenues to the national income.

3. What role does the development of mega-projects play in achieving the goals of Vision 2030?

Mega-projects like NEOM, the Red Sea Project, Al Qiddiya, and others are integral to Vision 2030 as they are designed to attract significant investments, create new job opportunities, drive economic growth in non-traditional sectors, and position Saudi Arabia as a global hub for business, tourism, and innovation. These projects aim to redefine urban living, promote sustainable development, and showcase the Kingdom’s ambition and potential.

4. How has Saudi Arabia’s foreign policy evolved under the leadership mentioned in the sources, in alignment with Vision 2030?

Saudi Arabia’s foreign policy has become more proactive and multi-faceted, aiming to strengthen its regional and international alliances, enhance its influence on global issues, and promote stability in the Middle East. It emphasizes building partnerships with various countries, playing a key role in regional mediation and conflict resolution (such as efforts towards stability in Syria and fostering unity among GCC nations), and actively combating terrorism and extremism. The foreign policy also supports the goals of Vision 2030 by attracting international collaborations and investments.

5. What emphasis is placed on education and youth empowerment within the framework of Vision 2030?

Education and youth empowerment are critical pillars of Vision 2030. The vision aims to create a modern and efficient education system that prepares Saudi youth to compete globally, meet the demands of the future job market, and contribute to the Kingdom’s development. Various initiatives focus on enhancing curricula, promoting critical thinking, fostering innovation, and providing opportunities for skills development and leadership roles for the younger generation in diverse sectors.

6. How does Vision 2030 address the importance of sustainability and environmental conservation?

Sustainability and environmental conservation are significant aspects of Vision 2030. The Kingdom has launched initiatives like the “Saudi Green Initiative” and the “Middle East Green Initiative” to reduce carbon emissions, increase reliance on clean energy sources, protect natural resources and biodiversity, and combat desertification. These efforts demonstrate a commitment to preserving the planet for future generations and align with global efforts to address climate change.

7. What reforms and initiatives have been undertaken in Saudi Arabia to promote social development and improve the quality of life under Vision 2030?

Significant social reforms have been implemented, including the empowerment of women through expanded rights and opportunities, development of the cultural and entertainment sectors, and initiatives to enhance healthcare, infrastructure, and public services. The “Quality of Life Program” specifically aims to improve the living standards of citizens and residents by providing better amenities, cultural experiences, and recreational activities, making Saudi Arabia a more attractive place to live and work.

8. How has the fight against corruption been prioritized and addressed as part of Saudi Arabia’s Vision 2030?

Combating corruption is a high priority within Vision 2030, viewed as essential for building a transparent, accountable, and prosperous nation. Significant efforts have been made to strengthen regulatory bodies (like “Nazaha”), implement legal reforms to deter and punish corruption, enhance transparency in government operations, and hold individuals accountable, regardless of their status. These measures aim to ensure that public resources are used effectively for national development and to build trust between the government and its citizens and investors.

Saudi Arabia’s Vision 2030: A Kingdom’s Transformation

Vision 2030 is presented in the sources as a comprehensive and ambitious strategic plan launched by Crown Prince Mohammed bin Salman. It is described as a roadmap for the Kingdom’s future development across various sectors.

Key Objectives and Principles of Vision 2030:

Economic Diversification: A central goal is to reduce reliance on oil as the primary source of income and to develop diverse sources of revenue. This includes developing new sectors such as tourism, industry, technology, and renewable energy. The vision aims to create a knowledge-based economy.
Improving Quality of Life: Vision 2030 seeks to enhance the quality of life for citizens and residents. This involves initiatives to improve healthcare, education, recreation, culture, sports, and urban development.
Achieving Sustainable Development: The vision emphasizes sustainability in various aspects, including environmental protection and economic stability. Initiatives like the Saudi Green Initiative and the Middle East Green Initiative aim to combat desertification, plant billions of trees, and increase the contribution of renewable energy.
Enhancing the Kingdom’s Global Standing: Vision 2030 aims to strengthen the Kingdom’s position as a global leader. This includes attracting foreign investment, becoming a global hub for logistics and trade, and playing a key role in international diplomacy and conflict resolution. The Kingdom also aims to be a leading destination for international conferences.
Empowering Citizens: The vision focuses on empowering youth and women. It seeks to increase female participation in the workforce and provide opportunities for young Saudis in various fields.
Strengthening National Identity and Values: While embracing modernization, Vision 2030 emphasizes the importance of preserving the Kingdom’s religious and cultural heritage. It highlights the Kingdom’s role in serving Islam and Muslims worldwide. The vision also promotes values of moderation, tolerance, and coexistence.
Improving Governance and Efficiency: The plan includes efforts to enhance government performance, promote transparency and accountability, and combat corruption. The digital transformation is a key aspect of improving efficiency and delivering advanced services.

Key Initiatives and Projects under Vision 2030:

NEOM: A futuristic city embodying innovation and sustainability.
Al Qiddiya: A global entertainment, sports, and cultural destination.
Red Sea Project: A luxury tourism destination focused on sustainability.
Saudi Green Initiative and Middle East Green Initiative: Ambitious environmental programs focused on afforestation, reducing emissions, and increasing reliance on renewable energy.
National Investment Strategy: Aims to increase the volume of domestic and foreign investment.
Fintech Sector Development: Efforts to transform the Kingdom into a leading financial technology hub.
Developing the Non-Profit Sector: Initiatives to empower and enhance the impact of charitable organizations.

Progress and Impact:

The sources indicate that Vision 2030 has already led to significant transformations and achievements across various sectors. These include:

Economic growth and diversification, with an increase in non-oil GDP.
Attraction of foreign investment and the establishment of regional headquarters for international companies.
Advancements in digital transformation, ranking highly in digital competitiveness.
Increased participation of women in the workforce.
Development of the tourism sector and the launch of mega-tourism projects.
Significant progress in the sports sector, including hosting major international events and increasing the value of the Saudi football league.
Improvements in healthcare and education.
Enhanced environmental awareness and the initiation of green projects.
Increased trust in the government.

Leadership and Vision:

The sources consistently highlight the pivotal role of Crown Prince Mohammed bin Salman in conceiving, launching, and driving the implementation of Vision 2030. His visionary leadership, determination, and continuous follow-up are credited with the progress achieved. The Crown Prince’s belief that “ambition knows no limit” and the “zeal has no end” is emphasized.

Overall Significance:

Vision 2030 is portrayed as more than just an economic plan; it is a national document that reflects the Kingdom’s commitment to a brighter and more prosperous future for its citizens and the world. It is a continuous journey of work that extends beyond 2030. The vision aims to transform the Kingdom into a global model of development and progress.

Mohammed bin Salman: Vision 2030 and Saudi Arabia’s Transformation

Based on the sources and our previous discussion, Crown Prince Mohammed bin Salman is a central figure in the transformation and development of the Kingdom of Saudi Arabia. He is consistently presented as the driving force behind Vision 2030, the ambitious strategic plan for the Kingdom’s future.

Key Aspects of the Crown Prince’s Role and Vision:

Architect of Vision 2030: He is widely recognized as the initiator and the “real driving force” behind Vision 2030. The vision itself is described as his roadmap for transforming the Kingdom into a global model across various fields. His “bright thought and strong determination” are highlighted in the context of these reforms.
Economic Transformation: The Crown Prince has led the Kingdom in an “exceptional transformation journey”, marked by significant leaps in various sectors. A primary focus is on diversifying the economy and reducing reliance on oil through the development of sectors like tourism, technology, and renewable energy. Initiatives such as NEOM, Al Qiddiya, and the Red Sea Project are flagship projects reflecting this vision for a more diverse and sustainable economy. The launch of companies like the Public Transport Company for the manufacturing of machinery and equipment also aligns with this industrial diversification. His leadership aims to create a competitive business environment and attract investments.
Improving Quality of Life: The Crown Prince’s vision aims to improve the lives of citizens and residents by enhancing healthcare and education services, providing world-class entertainment and cultural options, and empowering youth through education and job creation. Projects focusing on urban beautification and improving the environment, such as those undertaken by the Al Muthnib Governorate Municipality, also contribute to this goal of enhancing the local scene and achieving quality of life.
Promoting Moderation and Combating Extremism: The Crown Prince is credited with spearheading efforts to promote moderation, coexistence, and tolerance while combating extremism and terrorism. He has emphasized the need to fight extremism to build stability and achieve economic development in the region. Measures taken include issuing clear legislation to define terrorist acts and intensifying penalties, as well as purging pulpits and platforms of extremist elements. Initiatives like the King Abdullah bin Abdulaziz International Centre for Interreligious and Intercultural Dialogue (KAICIID), established during his tenure as Crown Prince, demonstrate the Kingdom’s commitment to fostering dialogue and respecting diversity.
Enhancing Global Standing and International Relations: The Crown Prince has actively worked to strengthen the Kingdom’s international relations through diplomatic visits and strategic partnerships with major global powers like the United States and China. He has also led efforts to combat terrorism in cooperation with other nations. The Kingdom, under his leadership, has played a pivotal role in regional and international issues, striving to resolve conflicts and promote peace. The Crown Prince’s efforts in mediating between Russia and Ukraine have been recognized internationally. His vision aims to position the Kingdom as an influential political and economic power on the global stage.
Combating Corruption and Promoting Transparency: The Crown Prince has launched anti-corruption campaigns aimed at increasing transparency and accountability within the government. The government has taken serious measures to hold those involved in corruption accountable, sending a strong message to both the public and private sectors.
Specific Initiatives: Beyond the mega-projects, the Crown Prince has overseen the launch of numerous initiatives across various sectors, including the development of the fintech sector, the Saudi Green Initiative for environmental sustainability, and programs to support the non-profit sector and address social issues. The establishment of the Mohammed bin Salman Foundation “Misk” to empower youth and the Non-Profit City in Riyadh “Misk City” are examples of his focus on human capital development and innovation.
Leadership Style and Connection with Citizens: The sources suggest a leadership style characterized by closeness and direct interaction with citizens. This approach is seen as fostering national unity and trust between the leadership and the people.
International Recognition: The Crown Prince’s efforts in promoting peace and development have garnered international attention and praise, with some even suggesting him as a potential candidate for the Nobel Peace Prize. His role in facilitating talks and de-escalating conflicts has been acknowledged by global leaders.

In conclusion, Crown Prince Mohammed bin Salman is depicted as a transformational leader with a clear and ambitious vision for the Kingdom of Saudi Arabia. His leadership is characterized by a focus on economic diversification, improving the quality of life, promoting moderation, enhancing the Kingdom’s global role, and driving large-scale development projects, all under the umbrella of Vision 2030.

Saudi Arabia’s Economic Growth and Vision 2030

Based on the sources and our previous discussion, the Kingdom of Saudi Arabia has witnessed significant economic growth and is actively pursuing a path of sustainable and diversified economic development.

The Saudi economy recorded strong growth in the past year, with the non-oil GDP showing a notable increase of 3.5% in the third quarter. This growth was supported by higher oil prices and improved performance in non-oil sectors such as industry and technology. The Kingdom has successfully achieved a balance between traditional and modern sectors, contributing to the stability and resilience of the national economy in the face of global changes.

Vision 2030 is explicitly identified as the driving force behind this economic transformation and the pursuit of a thriving economy. A key objective of the vision is economic diversification and reducing reliance on oil by developing sectors like tourism, technology, and renewable energy.

The Kingdom has seen great success in attracting foreign direct investment in the past year, registering a 15% increase compared to the previous year. This improvement reflects the encouraging investment environment provided by the Kingdom through legal amendments and streamlined procedures to attract international investors, positioning the Kingdom as a promising destination. The National Investment Strategy focuses on increasing the volume and efficiency of both domestic and foreign investments, leveraging national strengths and prioritizing the private sector. The goal is to increase the contribution of small and medium-sized enterprises (SMEs) to 35% by 2030.

Specific sectors are experiencing notable growth:

The tourism sector has witnessed a remarkable surge, with a 73% increase in the number of international tourists and a 207% rise in international tourism revenues in the first seven months of the past year compared to the same period in 2019. The Kingdom aims to increase the tourism sector’s contribution to the GDP to 10% by 2030, representing around 600 to 700 billion riyals. Saudi Arabia achieved its highest number of inbound tourists at approximately 30 million in the past year, with a target of 70 million by 2030.
The communications and technology market has reached a volume of 166 billion riyals, with a compound annual growth rate of 8% over the past six years. The Kingdom has also achieved the second rank among the G20 countries in the United Nations’ TII index for telecommunications infrastructure. The ICT market in the Kingdom is the largest and fastest-growing in the Middle East, North Africa, and Central Asia region.
The fintech sector has experienced tremendous development in recent years, with investments exceeding one billion dollars. This growth is supported by specialized investment funds like the “Fintech Fund” and the Public Investment Fund. The sector encompasses a wide range of financial services, including payment systems and transfers.

The Public Investment Fund (PIF) is identified as the primary driver for achieving Vision 2030’s objectives. It has become one of the largest sovereign wealth funds globally in the field of non-oil investments. The PIF has established 79 local companies and created 500,000 direct and indirect jobs. Its strategic investments, including in Aramco, generate significant returns that are reinvested in domestic infrastructure and to support citizens.

The Kingdom’s unique strategic location connecting three continents and its wealth in natural resources are being leveraged to localize industries, logistics services, and the energy sector. The “Developing National Industries and Logistics Services” program aims to localize 70% of the oil and gas sector and 30% of the pharmaceutical industries.

The stable “+A” credit rating with a “stable” future outlook by Standard & Poor’s (S&P) reflects the strength of the Saudi economy and supports its development plans, attracting investments and reducing financing costs, thereby enhancing the achievement of Vision 2030’s targets. Furthermore, the Edelman Trust Barometer 2025 indicates that the Kingdom has the highest trust globally in the government sector at 87%, surpassing many developed nations. The Kingdom is also the most optimistic country globally about the future at 69%.

The Kingdom boasts the highest rate of global productivity growth despite its later entry into the G20. This strong economic performance is supported by a robust financial policy aligned with Vision 2030, ensuring transparency and sustainability. The preliminary forecasts for 2025 indicate a 4.6% real GDP growth, driven by an increase in non-oil activities.

The concept of sustainable development is a fundamental pillar for achieving the Kingdom’s future aspirations. Projects like NEOM are envisioned as global models for smart and sustainable cities relying entirely on renewable energy and advanced technologies like artificial intelligence and robotics. The Red Sea Project is another major initiative reflecting the vision for a leading sustainable tourism sector, adhering to environmental protection standards while contributing to economic diversification and job creation. The Saudi Green Initiative further underscores the Kingdom’s commitment to environmental sustainability by implementing numerous initiatives focused on mitigating climate change.

In conclusion, the sources portray a Kingdom actively engaged in robust economic growth, driven by the ambitious goals of Vision 2030 and the strategic leadership of the Crown Prince. The focus on diversification, attracting investment, developing key sectors, and promoting sustainability indicates a commitment to long-term economic prosperity and a reduced reliance on traditional oil revenues.

Saudi Arabia: A Central Actor in Global Affairs

Based on the sources and our conversation history, Saudi Arabia under the leadership of the Crown Prince actively engages in robust international relations across various fronts. The Kingdom is portrayed as a pivotal player in regional and international affairs, seeking to strengthen alliances, mediate conflicts, promote peace, and foster cooperation on global issues.

Key aspects of Saudi Arabia’s international relations highlighted in the sources:

Strengthening Strategic Alliances: Saudi Arabia actively works to strengthen its relationships with major global powers such as the United States, China, and Russia. This involves diplomatic visits and establishing strategic partnerships aimed at attracting investments and fostering economic cooperation. The Kingdom’s cooperation with major powers is seen as enhancing its position as a supporter of economic and security stability in the world.
Regional Leadership and Mediation: Saudi Arabia plays a central role in addressing regional issues. It has been actively involved in mediation efforts to resolve conflicts and promote stability in the Middle East and beyond. The Kingdom’s decision to remain neutral regarding the war in Ukraine, for instance, positioned it as a suitable venue for negotiations between various parties. The sources highlight the Crown Prince’s efforts in mediating prisoner exchanges between Russia and Ukraine and fostering dialogue to prevent further escalation of the conflict.
Combating Terrorism and Extremism: The Kingdom is at the forefront of efforts to combat terrorism and extremist ideologies. It has announced numerous initiatives aimed at drying up the sources of intellectual and terrorist extremism and promoting tolerance among peoples. This includes the establishment of centers like the King Abdullah bin Abdulaziz International Centre for Interreligious and Intercultural Dialogue (KAICIID). Saudi Arabia cooperates with other nations in the fight against terrorism.
Promoting Coexistence and Interfaith Dialogue: Saudi Arabia emphasizes the importance of peaceful coexistence among peoples and highlights its significant role in serving Islam and Muslims worldwide. The Kingdom places a great responsibility on itself to uphold the teachings of Islam based on moderation and fights extremist ideas in religion. It actively works to promote a culture of respect for diversity and dialogue among followers of different religions and cultures.
Support for the Palestinian Cause: Saudi Arabia strongly advocates for the rights of the Palestinian people and the establishment of an independent Palestinian state. The Kingdom has condemned Israeli aggression and continues to urge the international community to recognize the State of Palestine. It has also launched international alliances to implement the two-state solution.
Global Humanitarian Efforts: Saudi Arabia, under the guidance of the Crown Prince, provides significant humanitarian aid to numerous countries in need across different continents. The King Salman Humanitarian Aid and Relief Centre coordinates these efforts, assisting countries like Yemen, Syria, Palestine, Sudan, and Ukraine, among many others. These humanitarian policies reflect the Kingdom’s commitment to human dignity and alleviating suffering, regardless of religion, language, or ethnicity.
International Environmental Initiatives: Saudi Arabia is actively involved in global efforts to combat climate change and promote environmental sustainability. Initiatives like the Saudi Green Initiative demonstrate the Kingdom’s commitment to reducing carbon emissions, increasing reliance on renewable energy, and planting trees. The Kingdom aims to be a leader in environmental sustainability at the regional and international levels.
Hosting International Conferences and Forums: Riyadh has become an important global center for international conferences, including political and economic summits like the G20 summit. This reflects the Kingdom’s growing international prominence and its role in facilitating global dialogue and cooperation.
Crown Prince as a Global Peacemaker: The Crown Prince is increasingly being seen as a key figure in global peace efforts. His endeavors to promote regional and international peace and security have garnered international recognition, with some viewing him as a leader capable of achieving lasting geopolitical stability.

In conclusion, the sources depict Saudi Arabia as an active and influential participant in international relations under the leadership of the Crown Prince. The Kingdom pursues a multifaceted foreign policy focused on strengthening alliances, resolving conflicts, promoting moderation and tolerance, championing key global causes, and playing a significant role in the international arena.

Saudi Arabia: The Digital Transformation Under Vision 2030

Based on the sources and our conversation history, digital transformation is a central pillar of Saudi Arabia’s Vision 2030 and is receiving significant attention and investment under the leadership of the Crown Prince. The Kingdom is making rapid strides in leveraging digital technologies to diversify its economy, enhance public services, and improve the overall quality of life.

Here are the key aspects of digital transformation in Saudi Arabia as highlighted in the sources:

Government Focus and Vision 2030: The digital transformation is a key objective of Vision 2030, aiming to establish Saudi Arabia as a technologically advanced nation and a leading digital economy. This vision drives numerous initiatives and investments in the digital sector.
Advancements in Digital Infrastructure: The Kingdom has made considerable progress in developing its digital infrastructure, achieving the second rank among the G20 countries in the United Nations’ TII index for telecommunications infrastructure [7, and our conversation history]. This robust infrastructure is a foundation for further digital advancements.
Growth of the ICT Market: Saudi Arabia’s information and communication technology (ICT) market is the largest and fastest-growing in the Middle East, North Africa, and Central Asia region, reaching a substantial volume with a significant compound annual growth rate [7, and our conversation history]. This growth indicates a strong demand and potential for digital services.
Flourishing Fintech Sector: The financial technology (Fintech) sector has witnessed tremendous development in recent years, attracting over one billion dollars in investments. This growth is supported by dedicated investment funds and encompasses various areas such as:
Payment Systems and Transfers: Including the widespread adoption of electronic wallets like STC Pay, Apple Pay, and mada Pay, as well as innovative payment solutions for merchants.
Digital Banking: With banks increasingly offering digital services, eliminating the need for branch visits, and utilizing AI-powered chatbots to assist customers.
Digital Lending and E-lending: The emergence of direct lending platforms facilitates access to finance for SMEs, and AI is used for risk analysis and personalized loan offerings.
E-investment and Trading: Financial applications enable easy investment, and crowdfunding is growing as a way to support small projects.
Digital Insurance (Insurtech): Companies offer instant and digital insurance purchase and renewal online.
Blockchain Technology: Being explored for secure and transparent financial transactions, smart contracts, and proof of ownership, with the potential for a Saudi digital currency.
Emphasis on Emerging Technologies: The Kingdom is actively investing in modern technologies such as artificial intelligence (AI), cloud computing, and the Internet of Things (IoT). These technologies are seen as crucial for developing smart cities and enhancing various sectors.
Digital Transformation Across Sectors: Digital transformation is impacting various sectors beyond finance:
Government Services: The promotion of electronic services is a key aspect.
Education and Health: These sectors have seen improvements through curriculum development, research advancement, and investment in health technologies.
Cybersecurity and Data Protection: Recognizing the importance of a robust digital ecosystem, the Kingdom is focused on enhancing cybersecurity to protect customer data from breaches.
Smart City Initiatives: Projects like NEOM are envisioned as smart and sustainable future cities that heavily rely on advanced digital technologies.
National Recognition: Saudi Arabia is now recognized as a global model in digital transformation, holding a leading position in international digital competitiveness indices.
Challenges in the Fintech Sector: Despite significant progress, the Fintech sector still faces challenges such as lengthy processes for obtaining licenses, trust and awareness among individuals, increasing competition, and the need for strong cybersecurity measures.
Ongoing Development and Integration: Efforts are underway to further develop digital financial services for SMEs and to foster greater integration between traditional banks and Fintech companies to offer more advanced digital services.

In conclusion, Saudi Arabia is undergoing a comprehensive digital transformation driven by the goals of Vision 2030 and strong government support. The rapid advancements in digital infrastructure, the thriving Fintech sector, and the focus on emerging technologies are positioning the Kingdom as a significant player in the global digital economy.

A pledge renewed with great gains and eternal achievements

Today, Wednesday, Ramadan 26, 1446 AH, corresponding to March 26, 2025 AD, marks the eighth anniversary of the pledge of allegiance to the Crown Prince, His Royal Highness Prince Mohammed bin Salman bin Abdulaziz Al Saud – may God protect him – and the Kingdom is enjoying an era of goodness, growth, and giving in the land of peace and glory. Eight prosperous years have passed, replete with great development. The trust bestowed by the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz – may God protect him – enabled the vision’s sponsor to set out with confidence and passion to build great glory and prosperity in development and the economy, transforming the Kingdom into a strategic economic, political, and military power at the regional and international levels, and implementing numerous reforms that shortened time and achieved numerous accomplishments within a short period. The personality of His Highness the Crown Prince emerged powerfully in the eyes of the world through his accomplishments and his diverse and innovative positions. This is not surprising when we realize that he was raised in the care of the man of wisdom and knowledge, King Salman bin Abdulaziz, from whom he derived leadership, determination, and far-sightedness in every matter. The anniversary of the pledge of allegiance to His Highness the Crown Prince comes in light of a large number of qualitative achievements accomplished by the Kingdom, in which the Crown Prince played a fundamental role, foremost among which is the launch of the Kingdom’s Vision 2030, with its pioneering initiatives and qualitative projects, the fruits of which the Kingdom has begun to reap in terms of strengthening the capacity of the national economy and diversifying its resources. The Kingdom is witnessing significant development in various areas, full of achievements on various educational, cultural, social, health, and economic levels. These years have witnessed qualitative transformations that have confirmed that His Highness the Crown Prince won the bet when he relied on the people of this nation to achieve the goals of his comprehensive vision, which has brought great good to the Kingdom’s sky in the darkest circumstances that the countries of the world are experiencing. Vision 2030 was not just a multi-faceted economic proposal, but rather an official national document in which His Highness the Crown Prince pledged to achieve progress for the nation. Upon launching the vision on April 25, 2016, His Highness said: “We pledge to you that we will be among the best countries in the world in effective government performance to serve citizens. Together, we will complete the building of our country so that it will be as we all hope for it: prosperous and strong, built on the shoulders of its sons and daughters, and benefiting from its capabilities, without being dependent on the value of a commodity or the movement of foreign markets.” The Kingdom is witnessing significant development in various areas, full of achievements on various educational, cultural, social, health, and economic levels. These years have witnessed qualitative transformations that have confirmed that His Highness the Crown Prince won the bet when he relied on the sons of this nation to achieve the goals of his comprehensive vision, which has brought great good to the Kingdom’s sky in the darkest circumstances that the countries of the world are experiencing, from wars and epidemics. After the pledge of allegiance to His Highness the Crown Prince, the development process began to unfold in the Kingdom, with the drawing up of a roadmap for economic transformation in Vision 2030 and the National Transformation Program 2020, led by the Council of Economic and Development Affairs, chaired by His Highness. This has contributed to the Kingdom maintaining its advanced position among nations and competing with major powers in many economic, scientific, and cultural fields. The Kingdom has become a destination for senior leaders, politicians, businessmen, economists, and cultural and artistic giants. The Kingdom has prepared an infrastructure to become one of the largest economic, cultural, and tourism centers in the world, with giant projects transforming it from dependence on oil to diversifying sources of income, and opening up broad horizons of… Work and employment for the citizens of the country

Our country, thanks be to God, has taken steps that cannot be described, but they are extraordinary by the standards of time and place. No other country in the world could have achieved the change that has taken place in our country, with all this brilliant achievement that was not limited to construction and development and huge projects, despite their importance. Rather, it was the people of this country who changed to levels that they had never expected to reach under any circumstances. This would not have happened had God Almighty not granted us our wise leadership, with the wisdom of the Custodian of the Two Holy Mosques and the ambitious vision of His Highness the Crown Prince, who the Saudi people in all cities, villages and regions of the Kingdom are celebrating the eighth anniversary of His Highness’s assumption of the position of Crown Prince of our dear Kingdom and the launch of Vision 2030, which is A platform for launching our national project, the fruits of which we have begun to reap even before the scheduled date for achieving its declared goals. The ambition of His Highness the Crown Prince is limitless and his passion is beyond imagination. His Highness announced that achieving the goals of Vision 2030 will not be the end of the ambition, but rather the continuation of tireless, uninterrupted work until our country becomes the focus of the world’s attention even more than it is now. The world knows that Vision 2030 and the impressive results it has achieved are only the beginning, and the coming days will bring the miraculous achievement that will, God willing and by His power, be the talk of the world. Our country possesses many economic and investment assets other than oil, and it has religious constants. The cultural, heritage, and societal origins have made it a permanent destination for people from around the world. All of this and more was achieved thanks to God Almighty, then thanks to our leadership, may God protect and guide its steps, and thanks to the unique vision of His Highness the Crown Prince, who taught us that ambition has no limits, that passion has no end, and that loving one’s country and working for its elevation and eminence is a duty that can only be carried out in the most perfect manner.

Eight years of transformation and renewed ambition

History remains a witness to the pivotal moments that change the course of nations, and great leaders of every decade acquire the ability to make decisive decisions. Here we see the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al Saud – may God protect him – as a unique and wise leader who led the country to achieve accomplishments everywhere. One of his most important decisions was the selection of an exceptional figure who would shoulder the aspirations and dreams of the Saudi people. He is His Royal Highness Prince Mohammed bin Salman bin Abdulaziz, Crown Prince and Prime Minister – may God support him – who has become a model of an inspiring leader who possesses the vision to fulfill the hopes of future generations and contribute to shaping the future. He carries the leadership genes of great leaders who led the Kingdom in successive eras. Prince Mohammed bin Salman was not just a political leader, but a true architect of the renaissance, creative in realizing Vision 2030, which brought major transformations to the Kingdom at all levels. Through this insightful vision, he opened new horizons for the Kingdom, placing it at the forefront of countries embarking on the path of progress and sustainable growth, with an ambitious vision that outlined the future, transforming the Kingdom into a leading regional power and enhancing its international presence. From building future cities to investing in renewable energy, from promoting environmental sustainability to strengthening global partnerships, the foundations of the modern Kingdom have been laid, especially with the announcement of the Kingdom hosting Expo 2030 and the 2034 World Cup. It has become clear that the Kingdom will never stop keeping pace with the future and achieving dreams. His smile has encompassed all aspects of life, starting with building smart cities, investing in clean energy, and preserving the environment, all the way to highlighting the Kingdom in all international forums. We find that the Kingdom has placed itself firmly on the world map, thanks to Vision 2030, which was and remains a legend of the modern era, implemented by an inspiring and unique leader who never gets tired of his dreams. Celebrating the eighth anniversary of the pledge of allegiance to His Royal Highness the Crown Prince is a celebration of the journey of national ambition, a redefinition of the Kingdom’s position on the international stage, and a reminder of the profound allegiance renewed with each passing year. It also reaffirms the deep-rooted loyalty and devotion to a leader who pledges a bright future for his country and his people, and indeed for the region as a whole. On the eighth anniversary of the pledge of allegiance to His Royal Highness Prince Mohammed bin Salman bin Abdulaziz, Crown Prince and Prime Minister – may God support him – a scene of the ambitious vision that transformed the Kingdom’s features and placed it on the map of progress and the future in a changing world is embodied. Since assuming the position of Crown Prince, the young prince has become a symbol of wise and brilliant leadership that moves every wheel toward transformation and innovation, instilling in the nation a new spirit of pride and inspiration, and renewing hope for a prosperous future, not only for the Kingdom but for the entire world.

Vision 2030 knows no impossible.
Vision 2030, launched by Prince Mohammed bin Salman, was not just an ambitious plan. Rather, it was a unique roadmap that charted the path for the Kingdom’s development in all political, economic, and social fields. With his creativity and wise leadership, he was able to translate this vision into reality. His most notable achievements were the launch of mega-projects such as NEOM, the futuristic city that is shaping the future of the world, as well as Qiddiya, a city that represents a model for entertainment and innovation. The vision was not limited to building cities only, but also included developing a national economy based on diversity, as the prince is working to reduce dependence on oil, and expand sectors such as technology, renewable energy, tourism, and entertainment, in addition to localizing qualitative industries in all fields, attracting global investments, and even making the capital, Riyadh, the regional headquarters for more than 200 giant companies. An influential leader and strategic planner, Prince Mohammed bin Salman has become a symbol of strategic intellect and thought that looks far ahead. He has played a pivotal role in strengthening the Kingdom’s position in international politics through his prominent role in regional and international issues. He has ensured that the Kingdom is at the forefront of influential positions on major world issues, such as the Yemeni crisis, the Lebanese crisis, and the Russian-Ukrainian crisis. He has also played a pivotal role in establishing the foundations of global peace, and the Middle East in particular. On the economic front, it has become a leader of the economic revolution in the Kingdom. Through the “National Energy Program” and “Sustainable Investment,” it seeks to make the Kingdom a global center for renewable energy, represented by solar energy and hydrogen energy projects, such as “green hydrogen,” which is considered one of the most promising environmental projects in the world. Through these projects, the Kingdom contributes to creating sustainable environmental solutions and once again proves its ability to be a pioneer in confronting global challenges.

Humanity and Social Change
Prince Mohammed bin Salman’s humanitarian side was and remains one of the most prominent features of his leadership personality. Through his commitment to empowering Saudi women and providing them with opportunities in work and politics, as well as developing education and society, he has become an inspiring leader for the young generation of Saudis, who now see him as a model of excellence and ambition. His Highness launched initiatives in this regard, such as the “National Empowerment Program,” which has facilitated women’s participation in economic and social life in an unprecedented manner. He worked to draw attention to the importance of education and training, and established an educational and vocational system that prepares a generation of Saudi youth to become at the heart of global development. Therefore, we find that the Kingdom, under his leadership, has become a destination for young people looking to the future, continuing to strive to achieve the ambitions sown by Vision 2030. Preserving the Planet: One of Prince Mohammed bin Salman’s most important concerns is the environment. He was one of the first leaders to realize the importance of environmental change for the human future. The Kingdom was keen to make its role pivotal in preserving the Earth’s environment, investing in renewable and clean energy projects to reduce harmful emissions and protect the planet. The “Green Saudi Arabia” and “Middle East” projects are considered… “Green” is one of the initiatives that embody His Highness’s interest in creating a sustainable future. The launch of “Green Hydrogen” embodies his ability to combine modern technology with environmental protection. The Kingdom’s International Image: His Highness’s role was not limited to the domestic arena, but rather brought about a transformation in the Kingdom’s international image. He demonstrated an exceptional ability to leverage the Kingdom’s soft power, making it a pivotal player in resolving many international crises, whether in the fields of politics or the economy. The significant role played by the Prince in strengthening the Kingdom’s diplomatic relations cannot be denied. The Kingdom has assumed an influential position at the regional and international levels, believing that a policy of dialogue and understanding is the path towards building a more stable world.

Pledge Day: Loyalty and Commitment
Celebrating the anniversary of the pledge of allegiance is not limited to ceremonies alone. Rather, it is a day of renewal and loyalty, where the Saudi people express their deep belonging to their country and leadership. It is a moment to renew the pledge of allegiance and covenant with a leader who inspires hope and confidently moves toward the future. On this day, citizens express their pride and appreciation for the achievements made under His Highness’s leadership, affirming their support for the leadership on the path of change and development. The pledge of allegiance is not just a word, but a sincere expression of deep confidence in the leadership’s ability to achieve ambitious visions and reach the global goals it seeks to achieve. His Highness’s vision for the future outlines the Kingdom’s features in the coming years, as the Kingdom prepares to host two important global events: Expo 2030 in Riyadh and the 2034 World Cup. These two events will enhance the Kingdom’s position on the global stage, as the Kingdom will be at the center of the world’s attention, because organizing such events reflects the Kingdom’s economic strength and its transformation into a global cultural and commercial destination. A Leader for the Future with a Global Vision
On the eighth anniversary of the pledge of allegiance, we can only emphasize that His Royal Highness Prince Mohammed bin Salman, Crown Prince and Prime Minister – may God support him – is an exceptional leader, not only because he works to strengthen the economy and politics, but also because he is a leader with a far-reaching vision and a desire to shape the future in an unconventional way. In less than a decade, he has become a pivotal force in the Kingdom and the world, and with him a new sun rises for the Kingdom, a bright sun that carries within it great ambitions and a hope for a better tomorrow.

Today, as every day, all Saudis feel great gratitude on the occasion of the eighth anniversary of the pledge of allegiance to His Royal Highness Prince Mohammed bin Salman, Crown Prince – may God protect him. This is a valuable opportunity to express our appreciation for the profound transformations the Kingdom has witnessed under his leadership, especially in areas of foreign policy, which have been one of his most prominent concerns. Since Prince Mohammed bin Salman assumed the position of Crown Prince, Saudi foreign policy has witnessed radical changes, manifested in the adoption of a more dynamic and ambitious approach. Under his leadership, the Kingdom has sought to strengthen its international standing and deepen its relations with major countries, as well as developing its strategic alliances with friendly countries. These transformations were not limited to bilateral relations alone, but also to the Kingdom’s active role in many regional and international issues. This transformation was clearly embodied in the Kingdom’s policy toward the Arab region and the Islamic world. The Kingdom has demonstrated strong and effective leadership in confronting the security and political challenges facing the region, such as the conflict in Yemen and tensions with Iran. Saudi diplomacy, under the leadership of the Crown Prince, has been adept at resolving many conflicts and seeking peaceful solutions that ensure the stability and security of the region.

Saudi diplomacy: settling disputes peacefully

Riyadh – Jana Al-Anzi

Foreign policy achievements were not limited to the region alone, but extended beyond it to include cooperation strategies with major powers such as the United States, Russia, and China, which strengthened the Kingdom’s position as a major supporter of economic and security stability in the world. Riyadh also succeeded in diversifying its economic partnerships by activating cooperation with Asian and African countries, which added new depth to Saudi policy. In addition, the Crown Prince played a crucial role in transforming the Kingdom into a global destination for international conferences. Riyadh has become an important center for economic and political conferences, such as the G20 Summit, reflecting the Kingdom’s evolving role on the global stage. The profound impact of Saudi Vision 2030 on foreign policy cannot be overlooked. This vision has contributed to restructuring many economic and political relations, and achieving a shift in the Kingdom’s strategy in line with future ambitions aimed at building a strong and diversified economy. The Kingdom has succeeded in attracting huge investments from around the world, reflecting international confidence in the Saudi leadership.
Diplomatic Influences and Political Issues After the Pledge of Allegiance to the Crown Prince
Since the pledge of allegiance to Crown Prince Mohammed bin Salman in 2017, Saudi foreign policy has entered a new phase of major transformations, with the Kingdom assuming a pivotal role in various regional and international issues.
Under the leadership of Prince Mohammed bin Salman, the Kingdom has worked to strengthen its relations with major powers, both in the West and the East, gaining it increasing influence on the global stage. Saudi Arabia’s primary goal through this policy was to enhance its global standing and expand its circle of strategic alliances. This was largely achieved through strengthening cooperation with the United States in the areas of security and defense, while simultaneously seeking to open diplomatic channels with countries such as Russia and China, giving the Kingdom the ability to balance among the major global powers. However, Saudi policy was not limited to bilateral relations alone, but extended to complex regional issues that defined the Kingdom’s political orientations. The Yemen war was one of the most prominent challenges facing the Kingdom in recent years. By leading the Arab coalition, the Kingdom sought to support the legitimate Yemeni government in confronting the Iranian-backed Houthis. However, this war was not without costs, as it affected the Kingdom’s domestic and foreign policy and raised questions about its humanitarian and political repercussions. At the same time, tensions with Iran were increasing, especially after attacks on the Kingdom’s oil facilities. However, the Kingdom, under the leadership of the Crown Prince, adopted a policy of caution and appeasement with Tehran, attempting to maintain regional stability while simultaneously seeking to improve its borders and protect its interests. In the Islamic diplomatic arena, the Kingdom maintained its position as a leader of the Islamic world. It continued to provide political and humanitarian support to Islamic countries, while strengthening its relationship with international organizations concerned with the Islamic world. Under the leadership of Prince Mohammed bin Salman, the Kingdom has sought to address some important domestic issues, such as strengthening the economic and social rights of Saudi women, which has positioned Saudi Arabia as a more modern nation on the global stage. Despite what some see as challenges in this area, the Kingdom has been able to witness a qualitative shift in the development of the national economy through “Saudi Vision 2030,” which aims to reduce dependence on oil and achieve economic diversification through mega-projects such as NEOM, which reflects a new vision for the Saudi future.

On the security front, Saudi foreign policy has been characterized by continuous interaction with the security challenges facing the region. The Kingdom has played a prominent role in combating terrorism and has played a pivotal role in military alliances to combat extremist organizations. Saudi Arabia has also sought to further strengthen its military strength within a defensive framework that ensures regional stability and secures its interests. There is no doubt that Saudi foreign policy under Prince Mohammed bin Salman represents a radical shift that reflects the Kingdom’s great ambitions on the international stage. In addition to achieving its political and strategic goals, the Kingdom seeks to be an influential force in the fields of economy, security, and humanity, reflecting the new directions of its leadership in achieving development and progress in a changing world. Ayman Al-Saqir, a banker at the Embassy of Uruguay, explained how Saudi Vision 2030 has contributed to transforming the Saudi economy from dependence on oil to a free market economy. He said, “The Kingdom of Saudi Arabia’s transition from a quarterly or annual economy to a market economy comes within the framework of a strategic vision aimed at enhancing the development of major projects such as NEOM, the New Square, and Al-Ula, which serves the Kingdom in diversifying sources of national income. This step represents an essential part of the transformation sought by Prince Mohammed bin Salman, as he seeks to move the Kingdom from its dependence on the traditional oil economy to a commercial economy linked to the free market. In this context, the idea of establishing a global free market under the Public Investment Fund was adopted, a step that was recently announced, which enhances the Kingdom’s role as a center Global economic. Saudi Vision 2030 also focuses heavily on developing the tourism sector and relying on it as a major source of income, thus reducing dependence on oil and avoiding the impact of fluctuations in global oil prices.

The ambassador continued, speaking about the most prominent foreign policy issues, saying, “US-Saudi relations witnessed differences between the terms of Democratic presidents such as Obama and Biden and the Trump era. During the Obama-Biden era, US policy was characterized by a focus on human rights and political issues, while restricting some aspects of military and economic cooperation. During the Trump era, relations developed significantly, as he had a close relationship with Prince Mohammed bin Salman, and military and economic cooperation was at the forefront of the priorities of this relationship, resulting in the signing of military and investment agreements worth $200 billion. In the same context, the Kingdom strengthened its relations with Russia.” “The Kingdom has developed its military and economic capabilities in line with its regional and international standing and power, as major investments have been made in various fields, including oil, energy, and technology. Furthermore, the Kingdom has witnessed huge investments from global companies and investment funds, exceeding one trillion dollars in value, reflecting the Kingdom’s strategic importance in the regional and international arenas.” Saudi Foreign Policy and the Goals of Vision 2030
Under the auspices of Vision 2030, the Kingdom of Saudi Arabia seeks to redefine its international standing through a multi-dimensional diplomatic strategy aimed at engaging unconventionally with the challenges of the era, thus changing the rules of the foreign policy game.
The Kingdom is transcending traditional frameworks to become an engine of geopolitical transformation in the Middle East and beyond. Saudi Arabia’s policy is based on the concept of sustainable economic sovereignty, moving beyond the idea of unilateral influence to build strategic partnerships that push toward technological and economic integration with major and emerging global powers. This makes innovation one of the pillars of foreign policy. The Kingdom seeks to become a global center for future technology, capitalizing on its investments in artificial intelligence and renewable energy, including new sectors such as space and smart cities.

Fahd Al-Tuwairiqi, in his Houston attaché, reported on the contribution of foreign policy to achieving the goals of Vision 2030. He said, “Under Vision 2030, the Kingdom of Saudi Arabia played a pivotal role in attracting the best international companies, as they opened regional headquarters in the Kingdom to serve as a regional headquarters in the Middle East. The Kingdom also aimed to attract investors from countries such as China, Korea, the United States, and Japan, in order to strengthen economic relations and diversify investment sources. In addition, an investment bank was established in cooperation with Japan is the largest reserve bank supporting the Saudi sovereign fund, which enhances the Kingdom’s ability to attract investments and support its major projects. He then continued and said about the future of Saudi relations with major powers such as the United States and China that Chinese relations with Saudi Arabia have become very noticeable recently, as there are currently more than 24 Chinese companies operating in the country. In the Kingdom. Regarding the United States of America, an agreement was reached on investment projects worth $500 billion, with significant support in the military and investment sectors. As for relations with Russia, they are characterized by mutual exchange within OPEC, as Russian President Putin stated: “We are with Saudi Arabia regarding oil, and our decision depends on their decision. We trust the King of the Kingdom and the Crown Prince regarding OPEC.” Regional Changes and the Kingdom’s Strategies in the Middle East The Middle East has witnessed major changes, prompting Saudi Arabia to develop new strategies to enhance its regional and international standing. The Kingdom is focusing on strategic independence and building flexible partnerships with countries such as the UAE, Egypt, and Turkey, while strengthening its role as a mediator in regional crises such as Yemen and its relations with Iran. In the energy sector, it is moving toward renewable projects such as Solar energy and hydrogen are the greenest ways to reduce dependence on oil. Through these strategies, Saudi Arabia seeks to enhance cooperation and influence in the Middle East and build a sustainable regional order.

Nizar Al-Aoun, Minister of Foreign Affairs, stated, “Five years ago, the regional situation was unstable, and the Kingdom of Saudi Arabia was facing targeting by some countries. Relations between it and Qatar, Turkey, and Iran were tense, which led to the closure of embassies and diplomatic missions in those countries and the absence of an exchange of interests. Today, in the year 2025, thanks to God, the Kingdom has restored its relations with these countries, as there are Saudi embassies and diplomatic missions in those countries. Relations have become stronger than before, thanks to the wise leadership of the King and the Crown Prince, who succeeded in adjusting policies in a manner that is consistent with the Kingdom’s regional situation. Regarding the role that can be played by Saudi Arabia
Since its founding, the Kingdom of Saudi Arabia has played a pivotal role in the energy sector. It is one of the six OPEC member states and is the main source of energy in the oil market. It is no secret that Saudi Arabia possesses vast gas reserves, ranking third in the world in this field. Despite this, the Kingdom has not been pleased with gas-dependent countries such as Russia and Qatar; on the contrary, it has supported them. Qatar supplies gas to many countries, while Russia supplies European countries. In this context, Saudi Arabia has played an important role in regulating gas prices in a manner consistent with the interests of other countries. On the other hand, four years ago, there were only six international companies operating in the Kingdom. Today, thank God, the number has reached more than 450 international companies with regional offices in the Kingdom, according to a statement by the Minister of Investment, Eng. Khalid Al-Falih. The Kingdom’s Commitment to Its Independent Foreign Policy and Future Challenges The Kingdom of Saudi Arabia continues to adhere to an independent foreign policy, seeking to secure its national interests and direct its international relations in line with its long-term strategies. The Kingdom focuses on building a network of strong alliances and strengthening its pivotal role in resolving regional and international issues, while maintaining its balanced position among major powers. Falah Al-Enezi, Director of Projects at the Ministry of Foreign Affairs, explained that the pledge reflects Saudi Arabia’s commitment to its independent and balanced foreign policy by adopting positions that enhance its national sovereignty and international cooperation in accordance with its strategic interests, while achieving a balance between regional and international relations to ensure stability and development. In conclusion, appreciation is a sophisticated artistic means of expressing appreciation and admiration. In this context, I am pleased to offer a poem expressing our deep appreciation for the Crown Prince and the great achievements the Kingdom has made under his wise leadership. In conclusion, the eighth anniversary of the pledge of allegiance to the Crown Prince, Prince Mohammed bin Salman, highlights how our wise leader has been able to strengthen the Kingdom’s position on the international stage and lead it into the future with confidence and clarity. It is an occasion to celebrate these profound transformations that have made the Kingdom’s foreign policy a driving force for peace and prosperity in the world.

O source of hope and horizon of the sky
A call

Mohammed bin Salman, to glory
Your steps drew a path in the evening
And your playing is the eagle’s tune in the open sky
In your eyes shine the hopes of the homeland
And in your hands the dreams follow the laws
With you the Kingdom paves the path of time
Flying above the winds without a shroud
I believe that the dream does not stop
And that hope does not die or go out
In your heart beats the dawn and expectation
And in your footsteps dwell elevation and excellence
Your lines in The sky will not be erased, and your bridge to the future will not collapse. O descendant of glory, the head of injustice. In your hands is light, in your heart is peace. Your courage is ambition, and your determination is fuel. You build glory from every friendly meadow. We have in you an inexhaustible pride. You are the dream of the homeland and its glorious reality.

News – Ibrahim Al-Shaiban

The Kingdom’s Credit Rating
Standard & Poor’s (S&P) raised the Kingdom’s credit rating to “A+” with a “stable” outlook. This has numerous positive impacts on the Saudi economy, including enhancing investor confidence, lowering the cost of borrowing, attracting more foreign investment, supporting the stability of the Saudi riyal, enhancing the growth of the national economy, and improving the global reputation of the Saudi economy.
Raising the Kingdom’s credit rating to “A+” reflects the strength of the economy and supports its development plans. It attracts investments and reduces financing costs, which enhances the achievement of the goals of Vision 2030.
Edelman Report
The Edelman Trust Report 2025 confirmed that the Kingdom has the highest trust globally, with a rate of 87% in the government sector, outperforming many developed countries. The annual report, which is considered one of the most prominent global studies on trust, measures the extent of public confidence in government and indicated a continuous rise in trust levels, indicating that trust in the Kingdom has maintained its high levels. The Kingdom is the most optimistic country in the world about the future, with a rate of 69% compared to other countries worldwide.
In addition, it continues to lead globally, and the Kingdom has outperformed many major countries in Indicators, such as the United States (47%), Germany (41%), and the United Kingdom (43%). The report revealed that the Kingdom’s government enjoys a trust rate of 87%, making it the most trusted government in the world, starting from strengthening non-oil sectors and creating new job opportunities, to attracting foreign investment and diversifying sources of income. Sustainable Economic Growth
The Saudi economy recorded strong growth last year, with the gross domestic product (GDP) increasing by a remarkable 3.5% in the third quarter of the year. This growth was supported by rising oil prices and improved performance in non-oil sectors, such as industry and technology. The Kingdom was able to achieve a balance between traditional and modern sectors, which contributed to the stability of the national economy and enhanced its ability to adapt to global changes. The Kingdom witnessed significant success in attracting foreign direct investment (FDI) last year, recording a 15% increase compared to the previous year. This improvement reflects the Kingdom’s encouraging investment environment, achieved through amendments to laws and facilitating procedures to attract international investors. The Kingdom has become an attractive investment destination in various economic sectors. Digital Transformation and Renewable Energy The Kingdom continued to promote digital transformation, launching numerous innovative projects in areas such as artificial intelligence, e-commerce, and digital financial services. This transformation has helped strengthen the technology sector, which has become an essential part of the national economy and has contributed to creating new job opportunities and expanding the digital economy in the Kingdom. Meanwhile, the renewable energy sector in the Kingdom has witnessed remarkable development, with the launch of several new solar and wind energy projects. The Kingdom continues its significant investments in clean energy projects with the aim of reducing dependence on fossil fuels and increasing the share of renewable energy in the national energy mix, in line with its environmental and sustainability goals. Major Projects and Tourism
The Kingdom has launched several major infrastructure projects, including the development of NEOM and tourism projects on the Red Sea. These projects are considered major drivers of economic growth in the Kingdom, contributing to the creation of massive job opportunities and enhancing the Kingdom’s position as a global economic center. The tourism sector has witnessed a significant leap, with the number of international visitors increasing significantly thanks to facilitative policies that include the issuance of tourist visas and the development of major tourism projects such as the Red Sea Project and Qiddiya City. This growth has contributed significantly to increasing the Kingdom’s non-oil revenues, as Reflects the major transformation in the national economy

The Kingdom continued to lead the G20 countries in indicators of the growth rate of the number of international tourists and the growth rate of international tourism revenues, according to the latest available data for the first seven months of last year 2024 AD, compared to the same period in 2019 AD. The Kingdom achieved a 73% increase in the number of international tourists, while international tourism revenues recorded a 207% increase, according to the Barometer report issued by the United Nations Tourism Organization in September 2024 AD. Various tourist destinations in the Kingdom have witnessed a significant increase in the number of international tourists this year. Ahmed Al-Khateeb, Minister of Tourism, had previously revealed that the Kingdom received 60 million tourists in the first half of last year, spending approximately 150 billion riyals, a growth rate of 10% compared to the same period last year. He said: “We are proceeding steadily to achieve the target of raising the tourism sector’s contribution to the GDP to 10% by 2030, which represents approximately 600 to 700 billion riyals.” Al-Khatib revealed that Saudi Arabia achieved the highest number of tourists coming from abroad, with about 30 million tourists last year, and the target is to reach 70 million tourists by 2030. Sports Sector: The Kingdom has invested heavily in the sports sector, hosting many international sporting events such as football and boxing championships. Projects have also been launched to develop sports facilities and stimulate youth sports, which has contributed to enhancing the Kingdom’s global image and creating new economic opportunities. Perhaps the most prominent event in sports was FIFA’s official announcement of the Kingdom’s victory in the 2018 FIFA World Cup. Saudi Arabia will host the 2034 World Cup after its bid received the highest rating in the history of the global event, and unprecedented historic support from more than 140 countries. This reflects the international community’s confidence in the Kingdom’s full support for hosting the World Cup. It is certain that the Kingdom will present the best edition in the history of the World Cup in 2034, and the largest edition ever to be organized in a single country. The Kingdom will also be the only country to host the tournament alone in its new format. Most importantly, the Saudis continue to dream, achieve, and write a new history of national accomplishments. They will continue working over the next decade to create an exceptional global event, when the Kingdom welcomes the world. We have achieved the goals of Vision 2030, and many of the features of the new Saudi Arabia have become clear, which the world will witness not only in sports, but also in heritage and civilization, history and culture, tourism and entertainment, and other areas of sustainable development. The Kingdom’s Role in the Global Economy
The Kingdom continued to strengthen its leading role on the international economic stage through its active participation in OPEC+ and global oil agreements. The Kingdom succeeded in ensuring the stability of global markets. The Kingdom also signed numerous trade and investment agreements with major countries, strengthening its position as a major supporter of economic stability in the region and the world.
Saudi Economic Highlights
His Royal Highness Prince Mohammed bin Salman bin Abdulaziz, Crown Prince, Prime Minister, and Chairman of the Council of Economic and Development Affairs, announced the launch of the Machinery Company, which operates in the semiconductor industry and aims to make the Kingdom a global center for electronics.

Launch of the New Space Group
The Public Investment Fund (PIF) launched the New Space Group (NSG). The Public Investment Fund (PIF) announced the establishment of the New Space Group (NSG), a wholly owned subsidiary of the Fund, to be a leading national company in the space and satellite services sector.
It will work to stimulate satellite and space services in the Kingdom and develop capabilities that will contribute to strengthening the sector’s position. Locally, in this growing global field, the Public Investment Fund is the most valuable brand. The Public Investment Fund (PIF), the sovereign wealth fund, topped the list of global brands with more than $1 billion, ranking first globally as the owner of the highest brand value, with $1.1 billion, compared to global sovereign wealth funds. BlackRock was ranked as the most valuable asset management brand in the world, according to a study by the global Brand Finance organization. The Brand Finance study included more than 4,400 companies, media outlets, and specialized audiences in major global markets. It also included qualitative interviews with executives in the sector. The fund is close to its target of assets under management reaching 4 trillion riyals by the end of 2025, noting that the baseline for these figures was 1.5 trillion riyals recorded in 2020.
Establishment of the National Minerals Program
The Council of Ministers, chaired by Crown Prince and Prime Minister Prince Mohammed bin Salman, approved the establishment of a National Minerals Program linked to the Ministry of Industry and Mineral Resources.
The program will be a powerful and supportive tool for enhancing the quality of The adequacy of mineral supply chains, ensuring the continuity of their supply to local industries and major projects, developing the Kingdom’s infrastructure, and achieving the goals of Saudi Vision 2030, plays an effective role in driving growth paths in the minerals sector and exploiting the Kingdom’s mineral wealth. Generative Artificial Intelligence Center
The Saudi Digital Cooperation Organization announced the launch of the International Center of Excellence for Generative Artificial Intelligence, led by the Kingdom. This is in line with the aspirations of Vision 2030 and its leadership position, as a global force in the field of innovation and advanced technologies, and a supporter of the organization’s efforts. The center aims to enhance the full potential of member states and support their global competitiveness by developing talent and resources to contribute to the adoption of generative artificial intelligence solutions and stimulate the growth of the digital economy. The center, announced during the third edition of the Global Artificial Intelligence Summit in Riyadh this year, 2024, reinforces the Kingdom’s role as a pivotal center in the field of generative artificial intelligence, providing a supportive environment for economic growth and innovation at the regional and global levels.

The Kingdom’s Communications and Technology Market
The Communications and Space Technology Commission revealed that the size of the communications and technology market will reach 166 billion riyals in 2023, with a compound annual growth rate of 8% over the past six years, during the tenth edition of the Communications and Technology Indicators Forum for 2024.

Digital Infrastructure in the Kingdom
It was announced in September 2024 that the Kingdom achieved second place among G20 countries in the United Nations Telecommunication Infrastructure Index (TII), which assesses the development of digital infrastructure in countries and is a key component of the e-Government Development Index (EGDI).
The Communications and Space Technology Commission explained that the importance of the index is evident in the pivotal role digital infrastructure plays in measuring the growth and progress of e-government, economic development by attracting investment and stimulating innovation, and social development by improving education and health. The Commission indicated that the Kingdom’s continued progress in this indicator confirms the strength of the Kingdom’s digital infrastructure and its contributions to enhancing the growth and development of the digital economy and attracting investments. The Kingdom’s communications and technology market is the largest and fastest-growing in the Middle East and North Africa region, with mobile telecommunications subscription penetration reaching 198% of the population, and the monthly per capita data consumption rate in the Kingdom exceeding the global average by three times. National Strategy for the Sustainability of the Red Sea
Prince Mohammed bin Salman bin Abdulaziz, Crown Prince, Prime Minister, and Chairman of the Council of Economic and Development Affairs, launched the National Strategy for the Sustainability of the Red Sea, which aims to protect the Red Sea ecosystem, enhance cooperation frameworks for its sustainability, empower society, and support the transition to a sustainable blue economy. This strategy achieves economic diversification and is in line with the objectives of the Kingdom’s Vision 2030 and the previously launched national priorities for the research, development, and innovation sector, most notably environmental sustainability and basic needs. The Crown Prince said: “The Kingdom of Saudi Arabia continues to unleash its economic, geographical, and cultural potential, and its pioneering efforts in the fields of sustainability and environmental conservation. Through this strategy, the Kingdom strengthens the position of the blue economy as a fundamental pillar of its economy. The Kingdom aspires for the Red Sea region to become a reference for best practices in the blue economy, and for the Kingdom to become a global leader in the field of research, development, and innovation in the blue economy. The Kingdom also affirms its commitment to a sustainable future for the Red Sea, and we look forward to everyone’s cooperation to protect our coasts on the Red Sea, nature, and the communities that depend on it.” The Red Sea is one of the Kingdom’s most distinctive and biologically diverse regions. It is a natural area with an area of 186,000 square kilometers, a coastline of 1,800 kilometers, the fourth largest coral reef system in the world, home to 6.2% of the world’s coral reefs, and an archipelago containing hundreds of islands. Acquisition of a 15% stake in Heathrow Airport
The Public Investment Fund announced the completion of the acquisition of a stake of approximately 15% in FGP Topco, the holding company for Heathrow Airport (Heathrow Airport Holdings Limited), from Ferrovial SA, as well as from other Topco shareholders. Heathrow Airport is the largest British airport and the third busiest airport in the world in terms of passenger traffic. Turki Al Nowaiser, Deputy Governor and Director of the General Department of International Investments at the Public Investment Fund, explained that the investment in Heathrow Airport is one of the important assets in the United Kingdom, as it is a world-class airport. The Public Investment Fund’s investment in Heathrow Airport is in line with its strategy to empower important sectors and companies through long-term partnerships within the Fund’s portfolio of international investments.

Riyadh Metro Operation
The Royal Commission for Riyadh City announced the operation of the six Riyadh Metro routes consecutively, starting Sunday, Jumada al-Awwal 29, 1446 AH (December 1, 2024 AD). The King Abdulaziz Public Transport Project in Riyadh is one of the ambitious plans developed by the Royal Commission for Riyadh City to provide integrated public transport solutions in the capital and provide the city’s residents and visitors with appropriate public transport services that meet their current and future needs. The project aims to build and operate a fast public transport network in accordance with the latest global technologies, providing residents with economical transportation options that contribute to reducing the excessive use of private vehicles, strengthening the local economy, and preserving the environment. It will also facilitate traffic flow and connect various parts of the city. The Riyadh Metro will contribute to facilitating traffic flow and connecting the various regions. The capital’s various transportation hubs include 6 train lines, 85 train stations, 80 bus lines, 2,860 bus stations, and 842 buses. Train and bus transportation services are integrated into a giant network with a capacity estimated at 1.7 million passengers per day during the initial operational phase. The project costs $22.5 billion. Standard Incentives
The Ministry of Industry and Mineral Resources and the Ministry of Investment announced the allocation of 10 billion riyals to activate the standard incentives for the industrial sector, which were approved by the Council of Ministers in mid-March. This is to enable industrial investments, stimulate their growth, and achieve sustainable industrial development in the Kingdom, while raising the level of competitiveness of the Saudi industry globally. The Saudi Investment Marketing Authority
The Council of Ministers approved the organization of the Saudi Investment Marketing Authority. This decision reflects the continued support and backing of the wise leadership for the investment system and the investment environment in the Kingdom, which aims to consolidate the Kingdom’s position as a world-class investment center, in line with the objectives of the Kingdom’s Vision 2030, which seeks to diversify the economy and enhance its competitiveness internationally, to build a prosperous and sustainable economy, and in line with the plans, programs, and objectives of the National Investment Strategy. The decision reflects the state’s keenness to support the investment system and create an investment environment in the Kingdom, which strengthens the Kingdom’s position as a global investment hub. This vision is not far from the goals of Vision 2030, which seeks to diversify the national economy and enhance its competitiveness on the international level. The Authority aims to highlight the Kingdom as an investment destination locally and globally, market investment opportunities in all sectors with all their components, and enhance businesses and services related to investment marketing, in light of the general investment policies and executive plans prepared by the Ministry.

The Kingdom has achieved a complete digital transformation in the financial sector.

Riyadh – Ahmed Ghawi

The financial sector in the Kingdom has received special attention in the objectives of the Kingdom’s Vision 2030, which is directly funded by His Royal Highness Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Chairman of the Council of Ministers – may God protect him. The most prominent achievement in developing this sector has been the work to enhance and develop the trend towards diversifying the state’s resources, and not relying on oil as the sole and primary resource that feeds the state’s budget and injects into the government sector the expenditures of state projects and the entitlements that accrue to citizens, both directly and indirectly.

The Ministries of Finance and Economy, Planning, and state sectors with an interest in financial aspects, such as the Saudi Central Bank (SAMA), the Zakat, Tax and Customs Authority, and the Efficiency and Spending Authority, and government projects, led the development of the financial sector in accordance with the vision and achieved the trend towards establishing an advanced financial structure for the state, based on continuous reforms since the launch of the vision in 2016. We are currently celebrating the eighth anniversary of the reign of the vision’s sponsor, His Highness Prince Mohammed bin Salman, as Crown Prince. We see growth and development in multiple sectors operating according to a clear strategy. State agencies are cooperating in broad partnership with the private sector to continue the path of growth and prosperity for the Saudi economy, which has been noted by the International Monetary Fund and neutral global bodies. It has also been confirmed by the continued positive trajectory of the economy’s credit ratings and the optimism that it will achieve increasing growth leaps. Diversification: A Fundamental Pillar
According to recent reports from the Ministry of Finance, the Kingdom of Saudi Arabia relies on a diverse set of resources for its revenues, which constitute the cornerstone of its national economy. Oil and gas revenues are at the forefront of these sources, based on the Kingdom’s energy wealth. Non-oil revenues also play an increasing role, including zakat, taxes, and various fees, in addition to revenues generated from strategic investments. For its part, the Public Investment Fund effectively manages these investments through an integrated portfolio of projects at home and abroad that aim to diversify sources of income, strengthen the national economy, and reduce dependence on oil, in line with Saudi Vision 2030. These efforts contribute to building a strong and sustainable economy that enhances the Kingdom’s position in global markets. The annual state budget
The annual budget of the Kingdom of Saudi Arabia is viewed as a pivotal milestone in the path of economic and financial reforms led by the Kingdom’s government under the umbrella of Saudi Vision 2030. The Ministry of Finance prepares it according to a systematic process that begins with the preparation phase, then approval, and ends with implementation, benefiting from automation programs to enhance performance efficiency. The budget includes an introduction to its financial targets for the current year, along with reports. Performance indicators that illustrate spending across various sectors, and highlight the most prominent projects that represent a qualitative turning point that contributes to achieving sustainable development and strengthening the Kingdom’s position at the regional and international levels. Initial forecasts for 2025 show real GDP growth of 4.6%, supported by an increase in the GDP of non-oil activities. This growth comes as a result of economic reforms and efforts to accelerate economic diversification with the aim of promoting sustainable economic growth. In addition, programs and initiatives that empower and stimulate the private sector contribute to making it the main factor of economic growth and contribute to creating new and sustainable job opportunities in the labor market. The effective implementation of the programs and projects of Saudi Vision 2030 continues, as they are the main tool for achieving the goals of economic transformation.

Transparency to ensure sustainability
The state budget is linked to achieving the goals and objectives of Vision 2030. The Ministry of Finance is required to explain its preparation of the budget transparently to ensure sustainability and achieve future aspirations.
The budget is subject to legislative and regulatory scrutiny and is based on the system.
The Basic Law of Governance and the state’s general budget require all government agencies to implement the principles of budget governance, most notably achieving transparency and reliability. The predictability of fiscal policy, the implementation of a policy that is aligned with Saudi Vision 2030 and any other national strategy or priority, as well as a comprehensive and participatory discussion regarding budget planning, and the availability of open data and documents with transparency and accessibility. The achievements of the Vision 2030 programs continue on the ground, and their objectives are fully achieved ahead of schedule, indicating the precise, meticulous, and rapid work of state institutions. To achieve the specified goals in record time, at a rapid pace, reflecting the desire of the state and the Saudi citizen to race against time in order to build modern Saudi Arabia and strengthen its pillars according to the vision’s goals and comprehensive aspirations, foremost among which is the national economy, which has shifted its compass from an economy dependent on oil income to a multi-source economy. In this regard, we note the “Financial Sustainability” program as one of the first programs to achieve Vision 2030, whose recent achievements are highlighted by the decision of the Council of Economic Affairs to end it after it had fully achieved its goals before 2030. It was launched at the end of 2016 under the name of the Fiscal Balance Achievement Program, and later transformed into the Financial Sustainability Program. Over these years, the program has achieved a set of objectives, including its ability to promote a positive transformation in the Kingdom’s public finances, through the implementation of strategic financial reforms and the establishment of effective entities that have helped diversify sources of income, enhance the efficiency of government spending, and improve financial planning capabilities.

Maximizing Revenues
Added to the program’s achievements is achieving fiscal balance, monitoring and disbursing financial performance, with the aim of maximizing oil and non-oil revenues, increasing the efficiency of government spending, and managing the associated risks, while maintaining adequate financial reserves and a high and sustainable capacity to borrow from local and international financial markets, in accordance with the medium-term public debt strategy, in order to achieve financial sustainability. Over the past years of the vision, the Financial Sustainability Program has witnessed the implementation of several initiatives that have achieved its objectives, including: raising the efficiency of government operational spending, establishing the Strategic Procurement Unit, and the Government Spending and Projects Efficiency Authority, in addition to continuing to achieve its objectives through the implementation of the financial reforms approved in the program, including the Citizen Account, incentive packages for the private sector, the application of the financial levy on expatriates, value-added tax, correcting energy prices, and increasing customs duties on some goods. The program has also proven its effectiveness and efficiency during the COVID-19 pandemic, contributing to monitoring and managing financial performance with the aim of maximizing oil and non-oil revenues, raising the efficiency of government spending, and managing associated risks, while maintaining adequate financial reserves and a high and sustainable capacity to borrow from local and international financial markets, in accordance with the medium-term public debt strategy.

The Vision 2030 Realization Programs are medium-term entities, most of which were created after the Vision was launched, as the primary tools for implementation. These programs have contributed effectively over the past years to enhancing levels of cooperation within the system, accelerating the pace of achievement, and exceeding the Vision for a number of its ambitious goals. The Financial Technology Sector
The financial technology (Fintech) sector in the Kingdom has achieved tremendous development in recent years, thanks to Vision 2030, which seeks to transform the Kingdom into an advanced financial and technological center. Fintech aims to integrate technology with the financial sector, contributing to the provision of more efficient and flexible solutions, helping to achieve financial inclusion, and transforming the economy into a cashless environment based on electronic payments.

Factors Supporting the Development of Fintech in Saudi Arabia
A. The Saudi Vision and Government Support
The vision seeks to promote digital transformation and reduce reliance on cash by encouraging startups, updating laws, and investing in financial technology. Among the most important government initiatives are:
Launching “Fintech Saudi” in 2018 to support entrepreneurs and startups in financial technology.
Expanding the “legislative experiment” environment, which allows companies to test their products and services before obtaining an official license from the Saudi Central Bank (SAMA) or the Capital Market Authority.
Adopting the “Sarea” instant payments system, which enables financial transfers between banks in seconds.
Launching the Saudi Central Bank’s pilot digital currency to test the potential of adopting national digital currencies.

B. Increased Demand for Digital Solutions

The prevalence of smartphones and the internet among the population, making digital financial services more widely accepted.
Increased interest in electronic payments after the COVID-19 pandemic, with the percentage of non-cash transactions rising to 70% of total financial transactions.
C. Growth in FinTech Investments
The sector has attracted investments exceeding $1 billion in recent years, reflecting growing confidence in the market.
The presence of specialized investment funds, such as the FinTech Fund and the Public Investment Fund, to support emerging companies in this field. 2. FinTech Fields in Saudi Arabia
The Saudi FinTech sector includes a wide range of financial services, including:
A. Electronic Payment and Transfer Systems
The rise of electronic wallets such as Mada, STC Pay, Apple Pay, UrPay, and BayanPay
Providing innovative payment solutions to online merchants such as Tabby and Tamara, which offer the “buy now, pay later” service.
B. Digital Banking
Digital bank accounts have become more prevalent, with all banks providing financial services without the need to visit branches. Some banks offer smart chatbots that rely on artificial intelligence to assist customers.
C. Digital Finance and Electronic Lending
The emergence of direct lending platforms that allow small and medium-sized enterprises to obtain financing without the need for traditional banks. • Using artificial intelligence to analyze risks and provide tailored loans to individuals and companies.
D. Online Investment and Trading
The rise of financial applications that enable individuals to invest easily.
The growth of crowdfunding, where investors can support small businesses in exchange for future profits.
E. Digital Insurance (Insurtech)
The emergence of companies that provide instant digital insurance, where insurance can be purchased and renewed online in minutes.

F. Islamic Fintech Solutions

Providing Sharia-compliant financial solutions, such as:
Islamic finance, digital sukuks, and electronic zakat.
Modern Technologies Used in Saudi Fintech
A. Artificial Intelligence and Data Analysis
Smart algorithms are used to analyze spending patterns and provide financial recommendations to individuals.
Developing intelligent chatbots to assist customers in conducting transactions with ease.
B. Blockchain Technology
Its use in money transfers, smart contracts, and digital proof of ownership, enhancing transparency and security in financial transactions.
Testing the Saudi digital currency as part of the future of the digital economy.
C. Cloud Computing and Information Security
Relying on cloud services to provide flexible and fast financial systems.
Enhancing cybersecurity to protect customer data from breaches.

Challenges Facing the FinTech Sector in Saudi Arabia
Despite significant growth, it still remains The sector faces some challenges, such as:
Regulations and licensing:
Some startups need a long time to obtain legal permits to operate.
Trust and awareness: Some individuals still prefer cash transactions due to concerns about digital fraud.
Strong competition: The presence of an increasing number of fintech companies requires the development of new solutions to remain in the market.
Cybersecurity:
Companies need strong protection systems to prevent attacks. Electronic fraud and data theft.
The Future of Financial Technology in Saudi Arabia
A. Increasing Reliance on Artificial Intelligence

Improving financial analysis systems and providing smart recommendations to users.
Developing predictive solutions that enhance financial planning for individuals and companies.
B. Expanding Use of Digital Currencies
Possible Launch of the Saudi Digital Riyal to Enhance Digital Payments
Integrating Blockchain into Banking Services to Secure Transactions.
C. Promoting Financial Inclusion
Providing financial solutions to individuals who do not have bank accounts through digital wallets.
Developing financial services that meet the needs of small and medium-sized enterprises.
D. Greater integration between fintech and traditional banks.
Major banks are collaborating with fintech companies to provide advanced digital services.
Developing platforms that allow customers to manage all their financial accounts through a single application. Saudi Arabia is today a pioneer in the field of financial technology in the region, and is rapidly moving towards achieving a complete digital transformation in the financial sector. Thanks to government support and investment in innovation, financial technology will continue to expand, making financial services easier, safer, and more efficient for users.

By Amjad Izhar
Contact: amjad.izhar@gmail.com
https://amjadizhar.blog

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