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%.

 

 



Türkiye TPAO, Shell Sign Deal to Carry out Exploration Work offshore Bulgaria

A Shell logo is seen at a gas station in Buenos Aires, Argentina, March 12, 2018. (Reuters)
A Shell logo is seen at a gas station in Buenos Aires, Argentina, March 12, 2018. (Reuters)
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Türkiye TPAO, Shell Sign Deal to Carry out Exploration Work offshore Bulgaria

A Shell logo is seen at a gas station in Buenos Aires, Argentina, March 12, 2018. (Reuters)
A Shell logo is seen at a gas station in Buenos Aires, Argentina, March 12, 2018. (Reuters)

Türkiye Petrolleri (TPAO) has signed a partnership agreement with Shell to carry out exploration work in Bulgaria's maritime zone, the Turkish energy ministry and British oil major said on Wednesday.

European Union member Bulgaria, which had been totally dependent on Russian gas until 2022, has been seeking to diversify its gas supplies and find cheaper sources, Reuters reported.

TPAO and Shell will jointly explore the Khan Tervel block, located near Türkiye's Sakarya gas field, and will hold a five-year licence in Bulgaria's exclusive economic zone, Minister Alparslan Bayraktar said.

Shell will continue as operator of the block, while TPAO will take a 33% interest in the licence, a Shell spokesperson said.

Since the start of this year, TPAO has signed energy cooperation agreements with ExxonMobil, Chevron and BP for possible exploration work in the Black Sea and the Mediterranean.

In April, Shell signed a contract with Bulgaria's government to allow the oil major to explore 4,000 square metres in the block.


Saudia Signs Strategic Partnership Agreement with Six Flags and Aquarabia Qiddiya City

udia will develop special travel packages designed to enable visitors to experience world-class attractions - SPA
udia will develop special travel packages designed to enable visitors to experience world-class attractions - SPA
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Saudia Signs Strategic Partnership Agreement with Six Flags and Aquarabia Qiddiya City

udia will develop special travel packages designed to enable visitors to experience world-class attractions - SPA
udia will develop special travel packages designed to enable visitors to experience world-class attractions - SPA

Saudia Airlines has signed a five-year strategic partnership with Six Flags and Aquarabia Qiddiya City, becoming the official premier partner exclusively in the airline category.

As part of the partnership, Saudia will develop special travel packages designed to enable visitors to experience world-class attractions. The collaboration also brings the spirit of Six Flags and Aquarabia Qiddiya City to the skies through special aircraft branding across Saudia’s fleet, SPA reported. 

Chief Marketing Officer of Saudia Group Khaled Tash said in a press release: "Saudia is committed to supporting national development projects as part of its contribution to Vision 2030, aligned with our strategy to bring the world to the Kingdom. Partnerships of this scale with national partners play a key role in positioning Saudi Arabia as a leading global destination for entertainment and tourism."

Park President of Six Flags and Aquarabia Qiddiya City Brian Machamer added: "Our partnership with Saudia not only reflects a shared ambition to connect the Kingdom to the world through world-class entertainment experiences, but strengthens our ability to attract visitors from around the world and realize our vision of setting a new global benchmark for immersive, world-class theme park entertainment and reinforcing Saudi Arabia’s growing presence on the global tourism stage."

Six Flags Qiddiya City sets a new benchmark for exceptional entertainment regionally and globally. Spanning six iconic themed lands, the theme park takes visitors on an immersive journey across 28 rides and attractions designed to world-class standards. Beyond the scale and diversity of its offerings, Six Flags Qiddiya City stands out for pushing the boundaries of engineering and entertainment, featuring five exclusive, record-breaking rides that have redefined global benchmarks. Leading these innovations is Falcons Flight, the roller coaster that has captured global attention as the fastest, tallest, and longest in the world.

Aquarabia Qiddiya City delivers a distinctive aquatic entertainment experience, offering 22 rides and water attractions, along with a man-made river designed for both relaxation and family-friendly water fun. For guests seeking privacy and elevated comfort, Aquarabia features 91 luxury cabanas, positioning the destination as a fully integrated leisure offering that redefines water-based entertainment to the highest international standards.

Located in the Tuwaiq Mountains near Riyadh, Qiddiya City is an emerging destination bringing together entertainment, sports, and culture. Six Flags and Aquarabia Qiddiya City form part of its entertainment offering.


Moody’s Establishes Regional HQ in Riyadh, Deepening Presence in Region

(FILES) Signage for Moody's Corporation is displayed at their headquarters at 7 World Trade Center on March 18, 2025 in New York City. (Photo by ANGELA WEISS / AFP)
(FILES) Signage for Moody's Corporation is displayed at their headquarters at 7 World Trade Center on March 18, 2025 in New York City. (Photo by ANGELA WEISS / AFP)
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Moody’s Establishes Regional HQ in Riyadh, Deepening Presence in Region

(FILES) Signage for Moody's Corporation is displayed at their headquarters at 7 World Trade Center on March 18, 2025 in New York City. (Photo by ANGELA WEISS / AFP)
(FILES) Signage for Moody's Corporation is displayed at their headquarters at 7 World Trade Center on March 18, 2025 in New York City. (Photo by ANGELA WEISS / AFP)

Moody’s Corporation announced that it has established its regional headquarters in Riyadh, reflecting ongoing commitment to support the development of the Kingdom’s capital markets and economy.

“This investment aligns to the Kingdom's Vision 2030 initiative and underscores its dynamism and growth,” Moody’s said in a statement this week.

The new regional headquarters marks an expansion of Moody’s presence in Saudi Arabia, where the company first opened an office in 2018, and reflects its longstanding commitment to the Middle East.

“The headquarters will strengthen Moody’s engagement with Saudi institutions and enable broader access to Moody’s decision grade data, analytics and insights,” said the statement.

“Our decision to establish a regional headquarters in Riyadh reflects our confidence in Saudi Arabia’s strong economic momentum, as well as our commitment to helping domestic and international investors unlock opportunities with our expertise and insights,” said President and Chief Executive Officer of Moody’s Rob Fauber.

“We are well positioned to provide the analytical capabilities and market intelligence that investors and institutions need to navigate evolving markets across the Middle East,” the statement quoted him as saying.

Mahmoud Totonji will lead the regional headquarters as General Manager.