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The Saudi Ministry of Finance concluded the 2026 Budget Forum in Riyadh with wide participation from ministers, officials, economists, and financial leaders, reaffirming the forum’s role as a key national platform shaping the Kingdom’s economic direction under Saudi Vision 2030.
Ministers emphasized that the 2026 budget focuses on improving essential services and accelerating high-impact sectors such as transportation and logistics, manufacturing, technology, tourism, and sports while maintaining balanced and sustainable growth.
The forum highlighted that non-oil activities now contribute 56% of the Kingdom’s GDP, reflecting the success of economic diversification. Significant progress was also reported in labor reforms, healthcare, education, housing, ports, and military and industrial localization.
Tourism spending reached SAR 275 billion with over 116 million visitors, while the sports market is projected to grow to SAR 80 billion by 2030. Infrastructure expansion continues to support Saudi Arabia’s ambition to become a global logistics hub.
How J K Supports Your Entry Into Saudi Arabia
At J K Management Consultancies, we support investors and companies entering Saudi Arabia through business setup, investment licensing, tax compliance, SFDA product registration, and government approvals, helping businesses align with the opportunities created by Saudi Budget 2026 and Vision 2030.
