Third of Vision 2030 projects ‘completed’ government says

Third of Vision 2030 projects ‘completed’ government says

One third of 1,064 planned projects have been completed so far under the Vision 2030 economic transformation plan, the Saudi government said in its annual progress report on the reform programme.   The report also said 561 initiatives were on track, according to the state-owned Saudi Press Agency, publishing its major findings. It was not […]

Government report on Vision 2030

87% of initiatives ‘completed or on track’

PIF ‘a major economic driver’

One third of 1,064 planned projects have been completed so far under the Vision 2030 economic transformation plan, the Saudi government said in its annual progress report on the reform programme.  

The report also said 561 initiatives were on track, according to the state-owned Saudi Press Agency, publishing its major findings. It was not clear what definition was being used for measuring the initiative. 

The reforms are spearheaded by giga-projects owned by the Public Investment Fund (PIF), and each one contains many smaller projects. There have been recent concerns about the viability of some projects.

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Global property consultant Knight Frank has identified at least 26 giga-projects in western Saudi Arabia and Riyadh. It valued them at $1.25 trillion in January, but said