On September 30, 2026, Saudi Crown Prince Mohammed bin Salman addressed the Shura Council, marking a significant milestone in the country's history. He noted that the Kingdom will celebrate its 300th anniversary since its founding next year. The Crown Prince emphasized that citizens and citizens are the foundation of every success achieved, highlighting their crucial role in shaping the nation's future.
The Crown Prince reviewed the progress of Vision 2030, revealing that the initiative has achieved 93% of its objectives. He also highlighted the growth of non-oil exports, which have increased by 155% compared to 2016. Furthermore, the private sector's contribution to the economy has risen to 51%, demonstrating the country's efforts to diversify its economy and reduce its reliance on oil.
Prince Mohammed emphasized that the current global transformations underscore the importance of the reforms implemented in Saudi Arabia, which have enhanced economic diversity. He noted that the country's economic resilience and mature institutional capabilities have enabled it to navigate challenging circumstances effectively. The Crown Prince also stressed that long-term planning does not imply stagnation, citing the Kingdom's ability to convert threats into opportunities that bolster its position.
The health and education sectors are receiving top priority in the budget, according to the Crown Prince. He also highlighted the success in reducing unemployment rates and the ongoing investment in human capital. This focus on human development is part of a broader strategy to build a robust and diversified economy.
On security matters, Prince Mohammed asserted that Saudi Arabia possesses high-capacity human and military capabilities capable of deterring threats from any source. He emphasized that attacks on Gulf states demonstrate that regional security is indivisible and that the Kingdom seeks strategic cooperation and economic integration among Gulf countries.
The Crown Prince also touched on regional and international issues, mentioning the upcoming establishment of the Makkah Defensive Alliance, which aims to enhance security and stability in the region. He rejected the use of international sea lanes as a tool for political or economic pressure, affirming Saudi Arabia's role as a guarantor of global energy security.
Saudi Arabia has demonstrated its ability to provide oil supplies to global markets despite escalating tensions, according to Prince Mohammed. As the country prepares for the future, it remains committed to its strategic objectives, including achieving sustainable development and enhancing its position as a major player in the global economy.
Key points
- The Saudi Crown Prince's address highlighted the country's progress in implementing Vision 2030, with 93% of objectives achieved.
- The private sector's contribution to the economy has increased to 51%, and non-oil exports have grown by 155% compared to 2016.
- The Crown Prince emphasized the importance of regional cooperation and the need to address common security challenges in the Gulf region.
