Vision Realization Office

From growing the Public Investment Fund’s assets to unlocking sectors that pioneer new ways of living, the Public Investment Fund Program enables the Kingdom to be more ambitious, exciting, and prosperous than ever before.

The Public Investment Fund’s investments accelerate innovation, reinvent industries, create jobs, and grow Saudi Arabia’s economy. Previously unimaginable opportunities in the Kingdom are now creating a bright future with huge promise and potential for all.

Since the launch of Vision 2030, unprecedented changes throughout Saudi Arabia have reshaped what it means to live in the Kingdom. Such remarkable change and growth are driven in part by the National Transformation Program. From digitizing government services to save time and effort, to promoting an inclusive private sector which prioritizes your financial security, the Program is creating a diversified, innovative, and world-leading nation.

Throughout Saudi Arabia’s transformation, one thing has remained the same: the Kingdom’s dedication and service to the Two Holy Mosques and pilgrims. The Pilgrim Experience Program seeks to enrich pilgrims’ spiritual journeys.

At the heart of the Arab and Islamic worlds, Saudi Arabia has the privilege of serving the Two Holy Mosques. Millions of pilgrims from both around the world and here in the Kingdom take part in Hajj and Umrah annually.

The Pilgrim Experience Program provides pilgrims with world-class facilities, improved infrastructure and digitized services to ensure each individual is blessed with a distinguished spiritual experience they never forget.

Before the launch of Vision 2030, families in Saudi Arabia could wait up to 15 years to receive housing support. Today, that support is instant.

Families are the foundation of a vibrant society and the Kingdom recognizes each family’s aspiration to enjoy safety and security of owning a home – a place of comfort, where memories are made and milestones celebrated. By easing access to financial support, streamlining processes and digitizing documentation, homeownership increased from 47% to more than 60% in the end of 2022.

The Human Capability Development Program is on an ambitious journey to empower citizens and elevate their global competitiveness. By implementing a dynamic strategy that encompasses every stage of learning, from early childhood education to lifelong learning, the Program is creating a pathway for individuals to reach their full potential. This strategy is designed to be inclusive, involving collaboration between government entities, the private sector and non-profit organizations to ensure the success of our citizens.

Experiences that were once considered a dream are now a daily reality for Saudi residents and visitors alike – attending red-carpet film festivals, attending premier sporting events and experiencing the treasured secrets of the Kingdom’s seven UNESCO World Heritage Sites.

The Quality of Life Program enables culture, entertainment, sports and tourism to flourish in Saudi Arabia, delivering enriched and better lives for all.

The Privatization Program is focused on strengthening the private sector by providing access to government assets and boosting service delivery. This leads to better quality services, cost savings, greater economic diversity and growth, and increased competitiveness for the Kingdom. With a thriving private sector, the Program is able to concentrate on its key role of creating laws and regulations that drive innovation and growth. Under Vision 2030, the private sector plays a central role in driving the economy of Saudi Arabia forward.

The Financial Sector Development Program plays a crucial role in shaping the future of Saudi Arabia’s financial sector to promote income diversification, boost savings, and offer various financing and investment opportunities. By creating a strong, dynamic, and stable sector, the Program is driving economic growth and diversification in the Kingdom.

As the Kingdom’s economy continues to thrive, the Program is strengthening financial sector institutions, advancing the financial market, encouraging savings, and fostering the growth of fintech startups in their pursuit of a world-leading financial sector.

The Fiscal Sustainability Program is a medium-term fiscal planning mechanism committed to sustaining public finances and achieving a balanced budget for the Kingdom. Additionally, the program is also contributing to strengthening financial discipline and developing public finances through the establishment of several entities, including the Government Expenditure & Projects Efficiency Authority, the National Debt Management Center, and the Non-Oil Revenue Development Center.

Launched in 2016, the Fiscal Sustainability Program (formerly named the Fiscal Balance Program) is creating a strong and adaptable financial system and implementing the necessary structural fiscal reforms to ensure Saudi Arabia’s long-term economic sustainability and credibility of public finances. The Program has also successfully reduced the Kingdom’s deficit ratio of GDP from 15.8% in 2015 to 2.3% in 2021, and implemented structural reforms that improve the budget and its implementation.

Through building on the success of the Fiscal Balance Program and introducing new fiscal policies to ensure long-term fiscal sustainability, the program is taking steps to ensure that the annual budget is developed in a thoughtful and comprehensive approach, taking into account the economic and fiscal landscape for the next few years. This level of transparency and disclosure helps to build trust and confidence among citizens, and allows the Kingdom to make informed decisions about its financial future.

As a result of a boost in non-oil revenues, the Kingdom has made great strides towards achieving financial sustainability. These efforts are designed to improve the quality of financial planning, and help pave the way for a more stable and secure future for Saudi Arabia. This marks a significant turning point for the Kingdom, as it moves towards a new era of fiscal sustainability.

With a focus on improving access to healthcare, modernizing facilities and equipment, and enhancing the role of private sector investment, Saudi Arabia’s healthcare system is undergoing a transformation to meet the needs of every member of society.

From tele-medicine consultations to data-driven treatment plans and enhanced traffic safety, the Health Sector Transformation Program is dedicated to ensuring a long, healthy and productive life for everyone in the Kingdom.