Progress Under Vision 2030 | Achievements, Reforms, and Global Signals
Launched in April 2016 under the leadership of His Royal Highness Crown Prince Mohammed bin Salman,
Vision 2030 represents a long-term national transformation framework designed to reduce the Kingdom’s dependence on oil revenues and to create a diversified, sustainable, and globally competitive economy. As the Kingdom
progresses toward the final phase of Vision 2030 (2026–2030), it has recorded substantial milestones across key
sectors, demonstrating a strong commitment to reform, economic diversification, and global integration.
As of end-2024, Vision 2030 implementation continues to track positively against set targets:
- 93% of KPIs have been either achieved or are on track.
- 85% of initiatives are progressing within planned timelines.
- Out of 1,502 initiatives, 674 have been fully implemented, and 596 are currently under execution.
- Real GDP and Non-Oil GDP both reached 98% of 2024 goal.
- Investment-grade credit ratings were affirmed by international agencies—Moody AA3; Fitch A+; S&P A/A-1—reflecting a stable fiscal outlook and strong investor confidence.
These figures reflect the maturity of implementation mechanisms across government entities and the increased alignment between Vision Realization Programs (VRPs) and national strategic objectives.