Saudi National Transformation Program Achieves 34 Strategic Goals of Vision 2030

The National Transformation Program report shows remarkable progress towards Vision 2030 strategic goals (Asharq Al-Awsat)
The National Transformation Program report shows remarkable progress towards Vision 2030 strategic goals (Asharq Al-Awsat)
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Saudi National Transformation Program Achieves 34 Strategic Goals of Vision 2030

The National Transformation Program report shows remarkable progress towards Vision 2030 strategic goals (Asharq Al-Awsat)
The National Transformation Program report shows remarkable progress towards Vision 2030 strategic goals (Asharq Al-Awsat)

The National Transformation Program (NTP), one of the Saudi Vision 2030 programs, accomplished 34 strategic goals out of 96 goals set to be achieved by 2030.
Since the launch of Vision 2030, the tremendous positive transformations witnessed in the Kingdom’s cities and regions have contributed to shaping a new, higher-quality life and providing better livelihoods, driven by the National Transformation Program.
The Program includes government digital services that save effort and time, and enhance the role of the private sector.
According to a recent report issued by the Program, a copy of which Asharq Al-Awsat viewed, the digital experience maturity index for government services during 2023 reached 80.68%, and 97% of government services in the same period were digitized.
The volume of savings from digital government initiatives last year amounted to $1.6 billion.
- Advancing globally
The Kingdom achieved its highest historical result in the E-Government Development Index 2022, issued by the United Nations, in which it advanced 12 places to 31st rank globally.
Saudi Arabia is also one of the best countries in the world in providing information on government services, making open government data available, and sharing it with citizens and business sectors.
According to the report, the average Internet speeds for download in the Kingdom for fixed and mobile internet reached 153.1 Mbps and 214.6 Mbps, respectively, while the fifth-generation mobile reached about 327.49 Mbps.
- Judicial transformation
The Program focused on activating digital transformation in judicial services and raised the percentage of services provided electronically from 30% in 2015 to 86.9% by the end of the previous year.
The Ministry’s Najiz platform contributed to reducing the case duration by 79% and supported beneficiaries of digital judicial services in more than 100 countries.
The Ministry digitized 180 million real estate documents, including records, controls, and transactions, and sorted and merged more than 100,000 deeds within minutes for each request.
It also completed 17,000 transactions worth $5.4 billion in the first week of launching the real estate stock exchange platform.
The report stated that the “Tawakkalna Services” application, with its new identity, witnessed an expansion in its integrated and harmonious services that enrich the experience of citizens, residents, and visitors through 240 services provided and 31 million users, supported by seven languages, and operating in more than 75 countries.
- Environment protection
Regarding environmental issues, the Program’s initiatives contributed to the rehabilitation of more than 192,000 hectares of natural vegetation and increased the percentage of natural reserves compared to Saudi Arabia’s total area from 4.3% in 2016 to more than 18.8% in 2023
The accuracy rate of forecasting and early warning of meteorological hazards three days prior increased from 60% to 81.14%.
The Kingdom launched the most extended irrigation network in the world, utilizing treated water to irrigate 7.5 million trees in its capital.
The network supports the Green Riyadh initiative, which aims to increase the use of treated water for irrigation by 100%.
- Promoting food security
To combat any food crisis, NTP’s initiatives strengthened the Kingdom’s grain storage under the General Food Security Authority, increasing from 2.5 million tons in 2016 to 3.5 million tons in 2023.
The report shows the self-sufficiency rate for the most important agricultural products: dates at 124%, table eggs at 117%, dairy products at 118 %, and poultry and red meat at 68% and 60%, respectively.
- Investment licenses
The Kingdom ranked 1st in the MENA region for Venture Capital Investment in 2023, capturing 52% of the total capital deployed with a value of $1.4 billion.
Riyadh became a valuable investment destination for global investors, whereby more than 180 companies obtained permits in 2023 to open a regional office.
In 2023, more than 8,500 foreign investment licenses were issued, an increase of more than 96% compared to the previous year.
The Kingdom continues comprehensive economic reforms to empower the private sector and attract local and foreign investments, continuing its progress in the World Competitiveness Booklet by achieving 17th place globally among 64 countries and 3rd among the G20.
The “Investment Saudi” platform, affiliated with the Ministry of Investment, offered about 1,283 opportunities ranging from tourism and entertainment, communications and information technology, biotechnology and pharmaceuticals, advanced industries, metals and mining, energy, financial and environmental services, and others.
- Labor market
The Saudi Business Center has provided 2.5 million services to the private sector since March 2020, in addition to 160 initiatives, including legislative, procedural, and technical reforms and 66 partnership agreements to facilitate starting business.
The report also touched on the decline in unemployment rate during the third quarter of last year to 8.6%, and the improvement of working conditions for expatriates increased to 73%.

 

 



Saudi Arabia Links Recruitment to Digital Systems to Strengthen Compliance and Wage Protection

Participants at the Global Labor Market Conference in Riyadh (SPA)
Participants at the Global Labor Market Conference in Riyadh (SPA)
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Saudi Arabia Links Recruitment to Digital Systems to Strengthen Compliance and Wage Protection

Participants at the Global Labor Market Conference in Riyadh (SPA)
Participants at the Global Labor Market Conference in Riyadh (SPA)

Saudi Arabia’s labor market is undergoing rapid transformation driven by reforms under Vision 2030, aimed at strengthening compliance, protecting wages, and improving the efficiency of the business environment. These efforts run in parallel with expanding the integration of recruitment into digital systems, advancing international partnerships to regulate labor mobility, and supporting workforce diversification, thereby reinforcing institutional trust and international cooperation in labor market governance.

In this context, Dr. Tariq Al-Hamad, Deputy Minister for International Affairs at the Ministry of Human Resources and Social Development, told Asharq Al-Awsat that labor market reforms in the Kingdom have delivered tangible progress in modernizing regulations, enhancing worker protection, and creating a more dynamic and inclusive work environment. He noted that these transformations are no longer confined to the domestic level, but have expanded to include a more structured international dimension through bilateral agreements, including those signed with Nepal and Nigeria, which serve as governance tools to regulate labor mobility and strengthen worker protection.

Labor market shifts

Al-Hamad said the reforms have achieved measurable progress in updating regulatory frameworks, enhancing worker protection, and improving operational efficiency, with clear gains in participation, compliance, and productivity. He added that updates to labor mobility regulations since 2021 have enabled greater flexibility for workers to move between employers within regulatory frameworks aligned with international best practices. This shift was reinforced by the Contractual Relationship Improvement Initiative launched in March 2021, which marked a pivotal transformation in regulating job mobility.

At the institutional level, more than 11 million employment contracts have been documented via the Qiwa Platform, enhancing transparency and raising compliance levels in the private sector. He added that the implementation of a wage protection system has introduced preventive safeguards and strengthened trust between parties to employment contracts.

Strengthening worker protection

Alongside these changes, the worker protection framework has seen notable progress. Al-Hamad stated that more than 90 percent of private-sector establishments are compliant with the Wage Protection Program, ensuring accurate and timely salary payments.

He added that labor dispute resolution procedures have become faster, more efficient, and more transparent. The reforms have also driven greater inclusivity, with female labor force participation more than doubling between 2018 and 2024, one of the fastest growth rates globally. Meanwhile, around 2.48 million Saudis have joined private-sector jobs since 2020.

Deputy Minister for International Affairs at the Ministry of Human Resources and Social Development, Dr. Tariq Al-Hamad (Asharq Al-Awsat)

International cooperation

As reforms accelerate, they are no longer confined to the domestic level, increasing the need for a structured international framework to sustain them. Al-Hamad emphasized that organized international labor cooperation is a strategic priority, as it strengthens the Kingdom’s position as a partner committed to ethical recruitment, regulatory modernization, and shared responsibility. It also reinforces institutional trust and diplomatic cooperation in labor markets.

He explained that these agreements align cross-border labor mobility with modern regulatory standards, transparency requirements, and digital compliance systems. The expansion of such agreements, including those with Bangladesh, Nepal, and Nigeria, reflects a shift from traditional recruitment models toward long-term institutional partnerships between governments, providing more stable labor mobility channels and strengthening trust.

Governance enhancement

Reflecting this direction, Al-Hamad said agreements with Nepal and Nigeria regulate the full worker lifecycle, from recruitment licensing and contract documentation to wage transparency and dispute coordination and resolution mechanisms. He added that they enhance oversight of recruitment agencies, clarify contractual obligations, and establish institutional cooperation between governments to monitor compliance and resolve complaints efficiently.

He also noted that linking these agreements to digital infrastructure, such as the Qiwa platform and the Wage Protection Program, ensures that commitments are translated into enforceable mechanisms supported by real-time monitoring. This is complemented by joint oversight frameworks and regular information exchange, strengthening continuous supervision and accelerating the handling of labor cases.

Aligning skills with economic needs

As part of improving market efficiency, Al-Hamad stressed that aligning labor mobility with sectoral economic needs is a core pillar of the labor market strategy. Recent agreements are increasingly based on specific sector needs, ensuring recruitment is driven by actual demand rather than volume, particularly in sectors such as construction, tourism, logistics, healthcare, and advanced services.

He explained that the ministry relies on digital data through the Qiwa platform to continuously analyze market needs and identify skills gaps, allowing recruitment to be directed in line with economic requirements. Coordination with partner countries prior to worker arrival also helps verify skills, improve workforce readiness, and reduce skills gaps from the outset of employment.

He added that workforce planning is increasingly integrated with major national projects to ensure expatriate labor complements, rather than replaces, localization efforts. This is supported by programs such as Nitaqat, which incentivize the hiring of national talent across sectors.

International recognition of reforms

At the global level, these reforms have received growing recognition. Al-Hamad noted that the International Monetary Fund has pointed to tangible outcomes, including declining unemployment among Saudis, increased female participation in the labor market, and growth in private-sector employment.

He added that the “A Decade of Progress” report, developed in cooperation with the World Bank, highlighted structural transformations in the labor market.

The International Labour Organization has also commended the Kingdom’s role in developing labor policies and engaging in global dialogue, reflecting its growing status as a model in labor market reform, inclusivity, and economic flexibility.

Future priorities

Al-Hamad concluded that the next phase will focus on deepening international cooperation at both bilateral and multilateral levels by expanding labor agreements with new countries and strengthening partnerships with international organizations such as the International Labour Organization and the World Bank. These efforts aim to support knowledge transfer and policy development.

He added that the ministry is working to enhance collaboration with the private sector, academic institutions, and international stakeholders to keep pace with labor market transformations, with the goal of consolidating the Kingdom’s position as a trusted global partner in labor market development and delivering sustainable outcomes.


Gold Steady as Investors Await Clarity on US-Iran Talks

Gold bracelets and necklaces displayed for sale in a gold shop at the Grand Bazaar in Istanbul (AFP)
Gold bracelets and necklaces displayed for sale in a gold shop at the Grand Bazaar in Istanbul (AFP)
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Gold Steady as Investors Await Clarity on US-Iran Talks

Gold bracelets and necklaces displayed for sale in a gold shop at the Grand Bazaar in Istanbul (AFP)
Gold bracelets and necklaces displayed for sale in a gold shop at the Grand Bazaar in Istanbul (AFP)

Gold prices held largely steady, as investors stayed on the sidelines awaiting clarity on the stalled peace talks between the United States and Iran.

Spot gold was steady at $4,709.50 per ounce, as of 0553 GMT. Last week, the metal fell 2.5% to snap a four-week winning streak.

US gold futures for June delivery fell 0.3% to $4,725.10.

"We're just sort of watching now whether there's progress in the (US-Iran) talks at all in the coming days and that's going to be the biggest driver for gold," said Kyle Rodda, a senior financial market analyst at Capital.com.

Lending support to bullion, the dollar eased after a report said that Iran through Pakistani mediators gave the US a new proposal on reopening the Strait of Hormuz and ending the war, Reuters reported.

US President Donald Trump said on Sunday that Iran could telephone if it wants to negotiate an end to their two-month war and stressed it can never have a nuclear weapon.

Trump cancelled a trip by two US envoys to Iran war mediator Pakistan on Saturday, dealing a setback to peace prospects.

Oil prices rose as the stalled talks prolonged the disruption of Middle East energy exports.

Higher crude oil prices can stoke inflation by raising transportation and production costs, increasing the likelihood of higher interest rates.

While gold is considered an inflation hedge, high interest rates make yield-bearing assets more attractive, weighing on its appeal.

Investors now await the US Federal Reserve's interest rate decision on Wednesday.

"It could either be a support to gold or an increased headwind, depending on if the Fed sort of indicates whether it sees itself potentially keeping policy unchanged for the rest of the year because of the inflationary impacts of the energy crisis," said Rodda.

Spot silver fell 0.1% to $76.61 per ounce, platinum gained 0.2% to $2,015.63, and palladium was down 0.6% at $1,487.73.


Türkiye Unveils Steep Tax Cuts to Boost Competitiveness, Investment

 Commuters arrive to take a ride across the Bosphorus at Karakoy ferry terminal in Istanbul, Türkiye, Thursday, April 23, 2026. (AP)
Commuters arrive to take a ride across the Bosphorus at Karakoy ferry terminal in Istanbul, Türkiye, Thursday, April 23, 2026. (AP)
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Türkiye Unveils Steep Tax Cuts to Boost Competitiveness, Investment

 Commuters arrive to take a ride across the Bosphorus at Karakoy ferry terminal in Istanbul, Türkiye, Thursday, April 23, 2026. (AP)
Commuters arrive to take a ride across the Bosphorus at Karakoy ferry terminal in Istanbul, Türkiye, Thursday, April 23, 2026. (AP)

Türkiye unveiled details on Monday of a broad package of incentives aimed to boost competitiveness and attract investment, and also position its biggest city Istanbul as a leading financial gateway across the region.

At a press conference, Finance Minister Mehmet Simsek said Türkiye was extending a tax exemption on services exports to 100% to target high-value sectors like software, gaming, medical tourism.

At the same time, it is reducing manufacturing exporters' corporate tax rate ‌to 9% to ‌boost competitiveness and attract foreign direction investment (FDI), he ‌said.

The ⁠tax reductions are ⁠long-term and "here to stay," he told reporters, days after President Recep Tayyip Erdogan first floated the comprehensive legislative package including the tax plans.

The package aims to bolster an economy that officials hope is emerging from a years-long inflationary crisis that cut deeply into individuals' and companies' savings and earnings, prompting many Turks to seek stability ⁠abroad. Inflation was above 30% last month.

Some of the incentives, including zero corporate income tax on transit trade, are focused on the companies located ‌in the Istanbul Financial Center (IFC), a new state-backed clutch of glassy towers on the city's Asian side.

The ⁠rate is ⁠95% for those located outside the IFC, Simsek said, noting it was set at 50% in years past.

The package aims to "export more goods and services, attract more talent, entrepreneurs, capital, a new home that's more encouraging local citizens to use Türkiye as a center of their activities and ... placing IFC as one of the key regional hubs," he said.