The Kingdom shifts focus to peak execution as its decade-long transformation strategy reaches its last five-year stretch.
Saudi Arabia has entered Phase 3 of Vision 2030, the final stage of the country’s landmark economic and social transformation program. The phase, which runs from 2026 to 2030, follows nearly a decade of reforms, institution-building and large-scale investment.
The first phase focused on laying the groundwork for change. The second accelerated implementation across key sectors. Phase 3 is now expected to deliver the outcomes those earlier stages were designed to produce.
What Phase 3 Is Focused On
Faster program delivery Saudi officials say government ministries, agencies and delivery systems are now at their highest level of readiness. The priority in this phase is to complete major national programs more efficiently and at greater speed.
Economic diversification: Non-oil sectors already account for 55 percent of GDP, according to Saudi authorities. Phase 3 is expected to deepen that diversification further, with growth targeted in tourism, logistics, mining, manufacturing, technology, entertainment and financial services.
Expanding the private sector: The private sector’s contribution to GDP has reached 51 percent, Saudi officials say. The final phase aims to build on that progress by increasing private investment and participation across the economy.
Continued sovereign investment: The Public Investment Fund and the National Development Fund are expected to remain the primary engines of domestic financing, supporting project delivery, sector development and job creation.
Infrastructure and public services: Major infrastructure programs will continue under Phase 3, alongside efforts to improve transport, housing, healthcare, digital services and logistics for citizens, residents and visitors.
New sector and regional strategies: Saudi Arabia says additional sector-specific and regional development strategies will be launched during this phase. These plans are designed to complement existing Vision programs and extend their impact beyond 2030.
Workforce and talent development: Officials have identified investment in Saudi people as the most critical element of the Vision. Education, skills training, employment and economic competitiveness for young men and women remain central priorities.
Tourism growth: Saudi Arabia recorded more than 123 million visitors in 2025. Authorities are now targeting 150 million tourists by 2030 through giga-projects, cultural and heritage sites, major events and expanded aviation capacity.
Building beyond 2030: Saudi officials have stated that 2030 represents a milestone rather than an endpoint. The completion of Vision 2030 is described as the foundation for continued national development in the decades ahead.
Background
Launched in 2016 under Crown Prince Mohammed bin Salman, Vision 2030 was designed to reduce Saudi Arabia’s dependence on oil revenues and modernize its economy and society. Phase 3 represents the program’s final and most results-oriented stage, aimed at translating years of planning and investment into measurable outcomes for the country’s population and economy.
