Saudi minister touts Vision 2030 gains: non-oil activity up, unemployment down
September 26, 2026 | United Nations, International
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Prince Faisal described Saudi Vision 2030 as "a model of comprehensive national transformation" built on economic diversification, investment in human capital, empowerment of youth and women, and private sector development. He said non-oil activities accounted for 55% of non-oil GDP and that unemployment among Saudis declined to 6.4% in 2026 from 12.3% in 2016.
He linked these economic changes to increased resilience and positioned Saudi Arabia as a regional hub for business, tourism, technology and logistics, while urging balanced climate and energy transition policies that do not exclude any energy source.
He linked these economic changes to increased resilience and positioned Saudi Arabia as a regional hub for business, tourism, technology and logistics, while urging balanced climate and energy transition policies that do not exclude any energy source.
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