By Gulf Times Now RIYADH — Saudi Arabia unveiled an ambitious expansion of its Vision 2030 economic transformation programme, targeting a $3 trillion GDP by 2040 — a figure that would make the Kingdom the world’s sixth-largest economy and place it alongside current economic giants Germany and Japan.
The new vision, presented at a landmark Riyadh forum attended by global heads of state and industry leaders, introduced three new strategic pillars: the Green Economy Initiative, targeting 50% renewable energy by 2035; the Advanced Manufacturing Programme, building domestic capability in aerospace, defence, and semiconductors; and the Digital Infrastructure Revolution, connecting every Saudi citizen to gigabit internet by 2030.
International economists largely praised the ambition of the targets while noting that execution at this scale would require sustained political will, significant reform of the public sector, and successful absorption of the massive capital flows being directed through Vision-aligned programmes.