Saudi Arabia Enters Vision 2030's Third and Final Phase with GDP at $1.31 Trillion

Saudi Arabia officially enters the third and final phase of Vision 2030 (2026–2030), reporting nominal GDP of SR4.9 trillion ($1.31 trillion), non-oil GDP at 55% of the economy, and a fivefold increase in FDI since 2017 — from $7.5 billion to $35.5 billion annually. The Public Investment Fund approved its 2026–2030 strategy focused on financial returns and private sector expansion, shifting away from the prestige-project model of the first phase. Tourism arrivals reached 123 million, surpassing the original 100 million target six years early. Critics note that FDI remains below the $100 billion annual target and that oil revenues still fund ~87% of government spending.