Launched in 2016, Vision 2030 recognized early on the importance of partnerships between the public, private and non-profit sectors and international partners to achieve the Kingdom’s aspirations. To foster a thriving economy - a Vision 2030 pillar - Saudi Arabia is diversifying its economy, supporting local production, and developing innovative opportunities for the future by creating an attractive environment for local and foreign investments.
Economic reforms have been launched to facilitate a supportive business environment and enhance the quality, efficiency and digitization of services provided to the private sector. Many programs, initiatives, funds, incubators and accelerators have been created to assist the private sector in overcoming obstacles and unleash the sector as the main driver of the Kingdom's economy.
Investments in local companies by the Public Investment Fund have untapped new, non-oil sectors that are creating prosperous opportunities in Saudi Arabia. And as the Saudi government continues to create an empowering environment for the private sector and its partners, Vision 2030 can realize the Kingdom's aspirations and shape the future of our nation.
Vision 2030 is enhancing the quality of services available to the private sector, facilitating the business environment, promoting untapped economic sectors, and attracting foreign investments.
To achieve the sustainability and prosperity of the national economy, this provides new opportunities for entrepreneurs, SME growth, and the expansion of investments in major companies.
NTP aspires to enhance ease of doing business.Learn about NTP's Commitments
PIF aspired to unlock new economic sectors.PIF Commitments
FSDP aspires to enable financial institutions to support private sector growth.FSDP in Numbers
NIDLP aspires to increase the localization of the non-oil sectors.NIDLP in Numbers
PP aspires to unlock state-owned assets for the private sector.PP in Numbers
Major companies will boost their global leadership
Of local companies will expand into regional and global markets
in FDI inflows
Satisfaction rate of government communication channels targeting the private sector
Retail sector contribution to GDP
SME contribution to GDP
In sales from productive families supported by the Social Development Bank
Individuals of productive families will benefit from services provided by the Social Development Bank
Of companies will adhere to sustainability standards
Of assets to be invested in new sectors
To be invested annually in new, local projects
To be contributed to non-oil GDP
Worth of private sector credit
Fintech companies to be launched
Of foreign investors in total market value of free stocks
Special economic zones created across Saudi Arabia to support energy, mining, industry, and logistics sectors
Of the oil and gas sector to be localized
Days to acquire a mining license
Of the pharmaceutical industry to be localized
To be invested in non-oil sectors
Vision 2030 empowers the private sector to play a vital role in enhancing and diversifying the economy and achieving the ambitious objectives of the nation.
Vision 2030 offers the private sector with digital platforms that facilitate the activities of all businesses and provide them with the necessary services and information that meet their needs.
Learn about all the platforms below
E-platform that surveys the views of the public, government entities and the private sector on laws, regulations, and any other ordinances issued regarding the economic environment before enacting them.
IC reviews investment advantages and opportunities across industrial sectors.
The platform provides access to the data investors needs, the steps of the investment journey and the timetable for each step, and the relevant government requirements and fees
The platform offers KSA economic, financial and monetary statistics and indicators. The Central Bank provides accurate and up-to-date information and data.
The NCP announces all investment opportunities related to privatization and is considered the main reference for all privatization operations in the Kingdom.
A system that acts as a hub to connect all online travel agencies and service providers in the Kingdom, enabling them to offer their services to Hajj and Umrah visitors through global and local marketing platforms.
Many services are provided to the private sector to participate in government RFPs and procurement.
The system provides various services to the listed companies, including: changes to the details of the Company's representatives, and filing a request to review the form related to the resume of the candidate for membership in the Board of Directors of a JSCo.
A platform offers a suite of services to facilitate local output transactions and procedures.
A system that allows users to apply for securities business licenses in KSA, and to modify and alter their licenses.
Providing e-services related to commercial register issuance, amendment, renewal and cancellation.
The Municipal Investment Portal (Furas) provides 100% automated procedures up to the contract signature. It facilitates access to investment opportunities, and provides all information on municipality opportunities.
A platform that provides licenses for activities and services of the General Entertainment Au-thority. It allows applications for entertainment services of all types.
An e-licensing system provided by the Ministry of Tourism to facilitate the services of beneficiaries, including various activities such as: tour operators, travel agencies, and tourist guides.
Issuing new licenses related to private clubs, private academies, fitness centers and gyms. It enables the creation of new opportunities for investors and improves the development journey of the sports sector.
A portal that links public and private financiers with SMEs applying for finance and enables them to choose appropriate financial offers.
SDB offers a range of affordable social funding products for low-income people to enable them to meet some of their basic needs.
Identify subsidy conditions and requirements and apply for subsidy to initiate and develop industrial activities.
Identify subsidy conditions and requirements and apply for subsidy to initiate and develop tourism activities.
Identify subsidy conditions and requirements and apply for subsidy to initiate and develop agricultural activities.
Identify subsidy conditions and requirements and apply for subsidy to initiate and develop cultural activities.
Providing information on investment opportu-nities in KSA for foreign investors, domestic investors, and private companies.
A platform that provides support to major local companies (listed and not listed in the stock market) across various industries that manage their operations in KSA.