#Crown_Prince Prince Mohammed bin Salman:
The localization rate in the military industries exceeds 19%.
#Royal_Speech_in_Shura
The Kingdom will be in the coming years a global center for artificial intelligence.
Our economy proceeds to diversify its paths and confirm its ability to reduce its dependence on oil, and for the first time in the history of the Kingdom, non -oil activities achieved 56% of GDP.
The selection of 660 global companies to establish their regional headquarters in the Kingdom embodies what has been achieved in infrastructure and the level of technological services and confirms the strength of the Saudi economy
Saudi Crown Prince: GDP exceeded 4.5 trillion riyals
That is 1.2 trillions USD approximately. Not bad. Most importantly the economy appears to be moving in the right direction on almost every front.
In particularly the non-oil growth which is very encouraging.
Even more importantly the underlining changes in the Saudi Arabian economy, more precisely the rapid industrialization across the board, in particular in key sectors such as mining, technology, AI, infrastructure, military, renewables, petrochemicals, healthcare, construction, ICT, logistics, agriculture etc. All key sectors where KSA has made massive progress.
Look at key data such as those:
www.wamsaudi.com
RIYADH: Saudi Arabia has issued 1,346 new industrial licenses in 2024, attracting over SR50 billion ($13.3 billion) in new investments, a recent report revealed. Private sector investments in industrial cities and zones totaled SR1.9 trillion, and the number of licensed workers in the field was...
www.arabnews.com
From April 2025:
JEDDAH: Saudi Arabia’s Ministry of Industry and Mineral Resources has announced the launch of 103 new factories in January, marking a significant milestone for the Kingdom’s industrial sector. These factories attracted a total investment of SR900 million ($240 million), generating approximately...
www.arabnews.com
It clearly shows a country that is undergoing rapid and fundamental change (in a very good way) aiming for self-sufficiency and long overdue fulfillment of potential.
How many here have any clue of this? Not many hence the same boring and ignorant stories repeated of KSA that might have been relevant in the 1950's and 1960's, keep being repeated from people who live/are from countries, that are way below KSA on most fronts.
You have Westerners visiting KSA/GCC and marvelling at the technology, order, progress, industrialization and in general positive vibe and being shocked (because they were expecting to see Afghanistan or what not based on the propaganda that is floating around on the internet). I travel across much of the world and I am based in Western Europe a part of the year, and quite frankly, KSA/GCC is way ahead on most fronts outside of military sector and obviously key technologies (due to their head starts). But almost everything else? Give me KSA/GCC every day of the week. Even technology is much more aplicated in every day life in KSA than in the West.
I say work much harder and keep improving on all fronts and ignore the noise from ignorants and people who wish you only harm.
Much more to do yet of course and it will require hard work and clever politics from leadership. The human capital is there and now with women (half of the population) actively participating in all sectors and actually taking the lead on many fronts, there is reason to be optimistic for the future.
Most importantly it appears that MbS has practically removed all the old dinosaurs from decision making proceses, public offices, governors, private sectors even, clergy etc. and given power/influence to youth and people that are actually well-versed in global affairs and know what is needed in order to advance as a country in 2025 and which sectors to focus on. Of course improvements can still be made but the difference between the past 10 years or so (in particularly since 2017) and before? GIGANTIC. Cannot be put into words for people not familiar with KSA. It is like two different eras even though we are talking about a span of barely 10 years.
Sure, some of the projects were/are unrealistic, I believe much of it was to generate hype/attention (worked rather well), mostly exemplified by NEOM or more precisely "The Line", which I have been critical of myself but even that they have scaled down to a realistic project. Any way, all in all, things are looking promising and it is very hard to deny that.