Tracking the most ambitious national transformation in modern history — from the world's most active sovereign fund to 13 giga-projects, from NEOM to FIFA 2034. Saudi Arabia, reimagined.
96 strategic objectives. 13 Vision Realization Programs. 1,502 tracked initiatives. 93% of KPIs hitting targets.
PIF has invested $171B+ in priority sectors since 2021. From NEOM's linear city to Qiddiya's theme parks — here's the status of every mega-build.
Every institution, regulator, sovereign entity, and multinational shaping Saudi Arabia's post-oil future. 600+ global companies have established regional headquarters. 40,000 investment licenses issued. $1.2 trillion in total registered investment.
600+ multinational corporations have established regional headquarters in Saudi Arabia under the RHQ Program. 30-year tax relief package (0% corporate income tax). Investment licenses surged from 4,000 to 40,000. Total registered investment: SAR 1.2 trillion ($320B). Target: 1,000+ HQs by 2030. Key players include:
PIF has created 103 companies and holds 225 portfolio companies across every strategic sector — forming the backbone of Saudi Arabia's post-oil economy:
674 initiatives fully completed. 93% of KPIs on target. Non-oil GDP contributing $243B cumulatively since 2021.
The RHQ Program surpassed its 500-company target five years early. From BlackRock to Boeing, Google to PwC — the world's largest companies are building MENA operations from the Kingdom.
First 48-team single-country World Cup. Expo 2030. 2034 Asian Games. 2027 AFC Asian Cup. Combined infrastructure investment: $40B+ in stadiums and transport.
Saudi Arabia is engineering the most aggressive foreign investment attraction program in history. From 0% corporate tax in special zones to instant licensing via Invest Saudi, the Kingdom is rewriting the rules of sovereign capital attraction.
Four SEZs launched in 2024 offering 0% corporate income tax for 50 years, 0% withholding tax, 0% personal income tax, and custom duties exemptions. Plus world-class economic cities and integrated logistics platforms.
With $2.8T+ market capitalization, 250+ listed companies, and inclusion in MSCI Emerging Markets since 2019, Tadawul is the gateway to the fastest-growing G20 economy. The IPO pipeline has never been richer.
| Entity | Role | Key Data | Link |
|---|---|---|---|
| Saudi Tadawul Group | Exchange holding company — Tadawul, Nomu (parallel market), Edaa (depository), Muqassa (clearing) | $2.8T+ mkt cap | saudiexchange.sa |
| Saudi Aramco | World's most valuable listed company. Crown jewel of Tadawul. PIF holds majority stake. | $1.8T+ valuation | saudi-aramco.com |
| CMA (Capital Market Authority) | Securities regulator. Oversees IPOs, fund management, ESG disclosure rules, REIT framework. | 30+ IPOs pipeline | cma.org.sa |
| Al Rajhi Bank | World's largest Islamic bank by assets. Key Tadawul blue chip. | $130B+ assets | alrajhibank.com.sa |
| SNB (Saudi National Bank) | Largest bank in Saudi Arabia by assets. Merged NCB + Samba 2021. Credit Suisse strategic investor. | $260B+ assets | snb.com |
| ACWA Power | PIF-backed power & desalination developer. 75 assets across 13 countries. NEOM H2 partner. | $88B+ portfolio | acwapower.com |
| stc (Saudi Telecom) | Largest telecom in MENA. 5G leader. PIF subsidiary. Digital payments via stc pay. | $57B+ mkt cap | stc.com.sa |
| SABIC | 4th largest chemical company globally. 70% owned by Aramco since 2020. 40 manufacturing sites. | $40B+ revenue | sabic.com |
| Ma'aden | Saudi mining champion. Gold, phosphate, aluminum, copper. JV with Alcoa and Mosaic. | $1.3T mineral wealth | maaden.com.sa |
| Nomu (Parallel Market) | SME growth market. Lighter listing requirements. 80+ listed SMEs. Pathway to main market. | 80+ companies | Nomu Market |
From 40 employees to 4,000. From a dormant holding company to the world's most active sovereign wealth fund. PIF deployed $36.2B in 2025 alone — an 81% increase — and its fingerprints are on every sector reshaping the Kingdom.
From FinTech Saudi's 200+ startups to SDAIA's national AI strategy, the Kingdom is building the Middle East's largest digital economy. Open Banking live since 2024. CBDC pilot with Project mBridge. Digital Government Authority achieving 99% e-government service penetration.
The world's largest oil exporter is also building the world's largest green hydrogen plant, targeting 130GW of renewable capacity, and spending $266B on clean energy. The Saudi Green Initiative targets net-zero by 2060.
From KAUST's world-class research labs to HRDF's mass upskilling programs, the Kingdom is transforming its human capital at unprecedented speed. 50% of the population is under 30.
Saudi Arabia is the world's 5th largest defense spender ($75B+/year) and is targeting 50% defense procurement localization by 2030. GAMI manages the national defense industrial strategy alongside PIF's military investments.
Every key government entity, sovereign fund, regulatory body, and institutional resource — linked directly. Your navigation hub for Saudi Arabia's transformation infrastructure.
Vision 2030 executes through 13 dedicated programs — each with its own delivery unit converting strategy into infrastructure, policy, and outcomes.
Deep-dive analysis on every dimension of Saudi Arabia's transformation — from sovereign wealth to giga-project execution.