Saudi Arabia highlights rapid investment growth at US-Saudi Investment Forum
Kingdom showcases economic transformation, private sector expansion, and women’s workforce participation as part of Vision 2030 success
RIYADH, Saudi Arabia (MNTV) — Saudi Arabia underscored its accelerated economic transformation and successful structural reforms during the US-Saudi Investment Forum held in Riyadh, as top officials and business leaders gathered to deepen bilateral investment ties.
Over the past seven years, the Kingdom has implemented major policy shifts aimed at diversifying the economy, increasing private sector participation, and fostering an inclusive labor market.
According to data presented at the forum, private investment as a share of gross domestic product has surged from 16 percent to 23 percent, while unemployment has dropped to historic lows.
The Finance Ministry revealed that overall unemployment now stands at 3.5 percent, with national unemployment hitting Vision 2030’s target of 7 percent well ahead of schedule.
Officials attributed these improvements to a combination of strategic planning and aggressive policy implementation under the Kingdom’s reform blueprint.
One of the most significant shifts has been the empowerment of women in the workforce.
Participation by Saudi women has more than doubled—from 17 percent to 36 percent—within a few years, a change Finance Minister Mohammed Al-Jadaan described as “a serious structural change.”
He added, “Bringing half of your society to the productive part of the economy is significant and that drives a serious change.”
In addition to labor market reforms, the Kingdom has achieved other key Vision 2030 goals ahead of schedule, including surpassing its target of attracting 100 million tourists by 2030—two years early.
At the forum, US Secretary of the Treasury Scott Bessent reaffirmed Washington’s commitment to its economic partnership with Riyadh, stating that the US continued to prioritize its relationship with Saudi Arabia.
He said the US economic strategy remained focused on trade, tax reform, and deregulation.
Saudi Investment Minister Khalid Al-Falih welcomed participants and praised the Crown Prince’s leadership, saying the event aligned with plans to expand Saudi Arabia’s investment and trade volume to $600 billion.
The US-Saudi Investment Forum serves as a platform for advancing public-private sector cooperation, fostering strategic investment, and enhancing bilateral economic integration between the two nations.
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