Saudi Vision 2030 is a transformative initiative aimed at diversifying Saudi Arabia’s economy and reducing its dependence on oil. This visionary plan encompasses various sectors, including tourism, entertainment, healthcare, and technology, to foster sustainable development and economic resilience. It seeks to create a vibrant society, a thriving economy, and an ambitious nation by promoting private sector growth, enhancing education and employment opportunities, and attracting foreign investment. As a result, Saudi Vision 2030 opens up numerous business opportunities for both local and international entrepreneurs.  With significant investments in infrastructure, regulatory reforms to facilitate ease of doing business, and a focus on innovation and entrepreneurship, Saudi Arabia is poised to become a global hub for business and investment. This ambitious vision not only enhances the Kingdom’s economic prospects but also positions it as a leading destination for diverse business ventures and sustainable growth.

1. Largest economy in the middle east

GDP Scale: Saudi Arabia’s economy recently reached $1 trillion USD.

Regional Influence: Saudi Arabia accounts for over 50% of the GCC economy.

2. Vision 2030 Transformation

Non-Oil Sector Surge: Powers 40% of Saudi GDP

Strong Growth: Economy expanding at 8.7% in 2022.

Job Creation Focus: 1.2 million private-sector jobs, aiming for 7% unemployment by 2030

3. Strategic Location

Global Trade Hub: Connecting Asia, Europe, and Africa, Saudi Arabia taps into a market of 2.6 billion people

Logistics Expansion: Aiming for top 10 global logistics hubs, with 10% GDP contribution by 2030

4. Investment Opportunities

Increased FDI: Targeting $100 billion annually by 2030, up from $19 billion in 2021.

Mega-Projects: NEOM ($500B), Red Sea Project, and Qiddiya drive investment in renewable energy, tourism, and technology

5. Economic Reforms

Ease of Doing Business: Saudi Arabia ranks 62nd in the World Bank Index, aiming for the top 20 by 2030 through reforms.

100% Foreign Ownership: Allowed in all key sectors, boosting its appeal as a global business hub.

Investment Law Update: New 2025 regulations to simplify rules and attract investments.

Digital Transformation: Online platforms ease business registration, licensing and compliance.

Unlocking Opportunities with Saudi Vision 2030

Saudi Vision 2030 is transforming the Kingdom into a global hub for business and innovation, with 100% foreign ownership, landmark mega-projects, and a thriving private sector. At JurisTax, we guide investors and entrepreneurs through licensing, compliance, and structuring—helping you expand into Saudi Arabia with confidence and clarity.