RIYADH
Saudi Arabia is entering a new phase of Vision 2030, redirecting investment priorities toward technology, digital infrastructure, and advanced industries as part of a broader effort to strengthen long-term economic competitiveness. The shift reflects a strategic move away from heavy reliance on large-scale urban construction projects toward sectors capable of accelerating innovation and sustainable growth.
Officials have emphasized the importance of expanding capabilities in technology development, data infrastructure, and advanced manufacturing to support economic diversification. The revised approach prioritizes industries that enable automation, smart manufacturing, logistics technology, and clean energy systems, positioning them as central drivers of future economic expansion.
As part of the adjustment, several giga projects have been scaled back, rescheduled, or refined, allowing capital to be redirected toward initiatives with stronger technological and economic impact. Elements of major programmes, including aspects of NEOM, have been revised as investment focus shifts toward high-value services, digital ecosystems, and innovation-led industries.
The Public Investment Fund continues to play a central role in guiding investments toward emerging technology sectors, renewable energy, and international partnerships that support knowledge transfer and industrial development. The strategy also aims to position Riyadh as a regional hub for research, emerging technologies, and advanced industry development.
Workforce readiness remains a core pillar of the updated Vision 2030 direction. Ongoing investments in digital skills, training, and education are designed to align the labor market with future technology demands, ensuring broader participation in the Kingdom’s evolving economy. Regulatory and social reforms supporting digital transformation also remain part of the long-term agenda.
Analysts note that the revised strategy reflects a shift toward sustainable, innovation-driven growth, with Saudi Arabia seeking to strengthen its role in global technological development while maintaining economic resilience through diversified, technology-led sectors.
