Vision 2030 Annual Report Records Strong Non-Oil Growth and Economic Diversification

The Saudi Vision 2030 Annual Report for 2025 has highlighted key indicators reflecting the accelerated pace of the Kingdom's economic transformation, driven by the growing contribution of non-oil activities to GDP.

 The non-oil economy reached approximately 55% of GDP, achieving a growth rate of 4.9% in 2025, reflecting the Saudi economy's transition to a more diversified stage.

 Governor of the National Development Fund (NDF) Abdulaziz Al-Arifi stated that the development finance ecosystem is driven by directing capital toward high-impact projects, creating quality employment opportunities, and enhancing prosperity across the Kingdom. He added that the NDF works to empower the private sector, support SMEs, and accelerate the growth of promising sectors.

 On human development, more than 222,000 citizens secured employment through the Human Resources Development Fund's programs by the end of 2025, as the unemployment rate fell to 7.2%, down from 12.3% in 2016.

 At the private sector level, SMEs represent a key growth driver. The Kafalah program, operating under the Small and Medium Enterprises Bank, issued guarantees worth SAR93 billion, enabling more than 27,000 enterprises to secure financing totaling SAR130.6 billion.

 Venture capital investment grew 25-fold between 2018 and 2025, and the Kingdom advanced to 23rd place globally in entrepreneurial environment rankings, up from 83rd in 2021.

 On the international level, the Saudi Export-Import Bank supported the competitiveness of national exports through credit facilities totaling SAR116 billion in 2025, as non-oil exports reached a record SAR622.87 billion.

 These indicators collectively reflect an integrated developmental model combining financing, empowerment, and development, underscoring the pivotal role of the development finance ecosystem in driving the Kingdom's economic transformation.