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Major Projects Transforming Saudi Economy
Over the past 12 years since the accession of Custodian of the Two Holy Mosques King Salman bin Abdulaziz, the Saudi economy has undergone significant transformation thanks to massive projects across transportation, energy, tourism, housing, and industry sectors. Many of these projects have begun moving from planning and construction phases into active operation, with a focus on diversifying income sources and strengthening non-oil sectors. Among the most prominent projects now in operation is the Riyadh Metro, which extends over more than 176 kilometers and contributes to improved mobility, reduced congestion, and enhanced transportation infrastructure. Additionally, solar energy projects like the Sakaka Solar Power Plant, which produces 300 megawatts and supplies electricity to about 55,000 homes, are helping to lower greenhouse gas emissions by approximately 530,000 tons annually. In the tourism sector, the Red Sea destination welcomed its first visitors in 2023, with a target of welcoming one million tourists annually by 2030. Meanwhile, other projects such as Qiddiya and NEOM continue to develop entertainment, cultural, and industrial sectors to bolster the economy and diversify the national income sources. Data indicates that the transition from infrastructure projects to operating productive and service assets has led to tangible developments in more than eight sectors, reflecting a strategic shift in the structure of the national economy.
Notice: This Is an AI-Generated Summary
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