The Kingdom is charting a bold path toward economic transformation, unveiling plans to attract more than $100 billion in foreign direct investment across the mining and entertainment sectors by the year 2030.
This strategic initiative is a cornerstone of Vision 2030, aimed at diversifying national income sources and positioning the Kingdom as a dynamic, forward-looking economic powerhouse in the region.
In the mining sector, the Kingdom is capitalizing on its vast untapped natural resources, with estimated mineral wealth reaching $2.5 trillion.
The government has issued numerous exploration licenses to both local and international companies,
while allocating approximately $97.6 million for exploration efforts over the next three years.
These investments are expected to significantly boost the sector’s contribution to GDP, stimulate the growth of value-added industries, and create thousands of skilled jobs.
The entertainment sector, meanwhile, stands as a vital pillar in the Kingdom’s strategy to build a vibrant and diversified economy.
This sector is witnessing unprecedented growth through massive projects such as Qiddiya—poised to become one of the largest entertainment, cultural, and sports destinations in the world.
With multi-billion-dollar investments and robust infrastructure development, the entertainment industry is expected to generate tens of thousands of new jobs,
elevate the standard of living, and position the Kingdom as a key destination for both domestic and international tourism.
These bold initiatives reflect a comprehensive economic strategy designed to strengthen non-oil sectors, empower private enterprise,
and establish the Kingdom as a global hub for investment in future-ready industries.
By fostering innovation, enhancing regulatory frameworks, and creating an environment conducive to sustainable growth,
the Kingdom is building a resilient economy aligned with the aspirations of its people and the global community.
