Saudi Arabia Reports 85% Completion Rate for Vision 2030 Targets Amid Economic Diversification Push
Saudi Investment Minister Khalid Al-Falih announced that 85% of Vision 2030 initiatives are either completed or on track, with most targets met or exceeded. The update comes ahead of the Future Investment Initiative conference, underscoring the kingdom's progress in reducing oil dependence and attracting global capital.
Riyadh has secured regional headquarters for 675 multinational corporations, a key milestone in its strategy to transform the capital into a business hub. However, megaprojects like NEOM face delays due to cost pressures and logistical challenges, with resources being redirected toward World Cup 2034 infrastructure.