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Saudi Arabia shifts from oil reliance to global leadership
Saudi Arabia has undergone radical transformations during the reign of King Salman bin Abdulaziz since 2015, based on Vision 2030, which focuses on diversifying the economy, empowering youth and women, and combating corruption. The kingdom has implemented deep administrative reforms and launched programs for digital transformation and infrastructure development, leading to an increase in gross domestic product to over 4.7 trillion riyals, with non-oil activities accounting for more than 51% of the GDP. Saudi Arabia has also seen massive projects such as NEOM, the Red Sea development, and the Entertainment City, and successfully reduced the unemployment rate to 6.4%, while the participation of women in the workforce increased to more than 33.9%. The country has maintained its position as a regional and international power, advancing in indicators of influence, sovereignty, and economy, and has adopted major initiatives in sustainable energy and tourism—embodying a shift toward a more diverse and robust future.
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