A look at key objectives of Saudi Vision Realization Programs by 2025-end

Key Objectives of Saudi Vision 2030

Program

Objectives by 2025-End

Financial Sector Development Program 

- SAR 3.515 trillion total banking assets of the banking sector

- Raising the capitalization of the Saudi stock market by 80.8% of GDP, excluding Aramco

- Opening the door to 30 startups (such as fintech companies) to drive innovation and competition

-  11% increase in the share of financing small and medium-sized enterprises (SMEs) from banks

-  2.4% increase in the contribution of the insurance sector and raising the percentage of gross written premiums in the non-oil GDP

- 70% increase in the share of non-cash operations that will contribute to the development of digital infrastructure

National Industrial Development and Logistics Program

- Issuing mining licenses in less than 60 days

- Completing the geological survey of the Arab Shield by more than 50%

- Raising electricity generation efficiency to 40.8%

- Increasing the percentage of domestic content in the oil and gas sector to 70%

- Establishing 8 economic zones across the Kingdom to support sectors of the program

- Bringing the logistics performance index to above 3.38%

- Bringing the rate of operational use of the ports compared to the increase in capacity to 70%

- Raising the local pharmaceutical manufacturing percentage to 30% of the total market value

- Raising the production capacity of the aquaculture sector to 300,000 tons per year

- Activating 5 national capabilities centers for the technologies of the Fourth Industrial Revolution

- Raising the value of domestic content in non-oil sectors to SAR 1.24 billion

- Allocating 20 logistics centers with possible links for re-export

Privatization Program

- SAR 143 billion non-oil government revenues

- SAR 62 billion worth of investments from public-private partnerships

- SAR 14 billion total financial value of government spending efficiency through partnership operations

Housing Program

- Providing 40,000 housing units to support families most in need

- 80% level of citizens' satisfaction with the program's services

-  355,000 new financing contracts, with the aim of continuing to provide subsidized real estate financing contracts

- SAR157 billion worth of contribution to the gross domestic product

- Creating more than 38,000 direct job opportunities for Saudis

Human Capability Development Program 

-  40% of enrollment in kindergarten education

- 6 Saudi universities ranked internationally among the world's top 200 universities

- The Kingdom's ranking in the 45th position on the World Bank's Human Capital Index at the level of 157 countries

- 40% Saudization in highly skilled jobs

National Transformation Program 

- 86,982 hectares of rehabilitated natural vegetation

- 600,000 volunteers in the Kingdom

-19.20% share of digital economy to the GDP

-  92% maturity level of key government e-services transformation

- SAR 95.4 billion direct investment inflows by 2025

- 81% proximity to the top performing country on the World Bank Index report

Health Sector Transformation Program

- 88% of the residential areas will be covered, including those in remote areas, with health services in the Kingdom

-100% of the population will be covered by the unified digital medical record