Saudi Arabia’s Minister of Investment, Khalid A. Al-Falih, announced that 675 global companies have now established their regional headquarters in Riyadh.
Speaking at the Fortune Global Forum 2025 in the Saudi capital, Al-Falih said that Vision 2030 has created a flexible and dynamic environment for engaging with international businesses. The goal, he noted, is to make the Kingdom not only a market of opportunities but also a global growth hub.
Vision 2030 Progress and Economic Growth
By the end of 2024, 85% of Vision 2030’s initiatives had either been completed or were on track for completion, according to Al-Falih. He added that the non-oil sector’s contribution to GDP has risen to 56%, up from just 40% before the Vision was launched.
The minister highlighted that the Saudi economy has effectively doubled in size — growing from USD 650 billion before the Vision’s launch to approximately USD 1.3 trillion today. He also invited international investors to explore opportunities in the Kingdom’s ports and airports.
Commitment, Resilience, and Challenges
On the energy front, Al-Falih reaffirmed that while Saudi Arabia has long been a leader in traditional energy, it remains equally committed to emerging and renewable sources such as wind, solar, and green hydrogen.
He further emphasized that the Kingdom is investing heavily in digital technologies and artificial intelligence, sectors he described as crucial to future growth. “Artificial intelligence requires affordable and reliable energy — something Saudi Arabia can provide,” he said, noting the country’s ambition to position itself as a global hub for data centers.
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