RIYADH, Saudi Arabia, October 31, 2025 /PRNewswire/ — In an analytical article published in Asharq Al-Awsat titled “How is Saudi Arabia redefining wealth and economic sovereignty?” “, writer Faisal Abu Zaki explored the profound transformations taking place in the Kingdom’s economic structure as part of the Saudi Vision 2030. He highlighted that the Kingdom is not just rebuilding its economy but fundamentally redefining wealth and economic sovereignty by moving to an economy based on knowledge, technology and people.
Abu Zaki noted that Saudi Arabia’s non-oil economy exceeded 57% of GDP in the first quarter of 2025, while non-oil revenues increased from SAR 164 billion in 2015 to over SAR 502 billion in 2024. This reflects the success of economic diversification policies implemented by the Saudi government, led by the Ministry of Finance and its specialized centers.
He explained that the concept of wealth has now moved beyond natural resources to include investment in human capital and the development of national capabilities in AI, digital technologies, renewable energy and semiconductors. Abu Zaki noted that Saudi Arabia is gradually moving toward building a sustainable sovereign economy that relies on knowledge production rather than oil rent.
Abu Zaki added that the Public Investment Fund (PIF) now represents a new model of economic sovereignty based on strategic expansion in sectors of the future. At the same time, fiscal and financial policies overseen by the Ministry of Finance and the National Debt Management Center (NDMC) provide a framework that strengthens fiscal discipline and ensures long-term sustainability.
Abou Zaki also reviewed labor market indicators, noting that the overall unemployment rate fell to 3.2% in the first quarter of 2025, while women’s participation in the labor force increased to over 36%. He stressed that “the Kingdom’s new wealth lies not only in its resources, but also in the capabilities of its population, which constitute the foundation of its economic transformation.”
In his conclusion, Abou Zaki highlighted that the concept of economic sovereignty in the Saudi experience now relies on the ability to make financial decisions domestically and invest national returns in acquiring knowledge, rather than relying on external sources or being vulnerable to the volatility of global markets. This positions the Saudi economy as a distinctive model for redefining wealth in the 21st century.
Communication & Financial Knowledge (Mutamem) promotes this national media contribution, which highlights the depth of the economic transformations underway in the Kingdom. The Center affirms that financial and economic awareness of society is a fundamental pillar for achieving sustainable economic sovereignty.
Through its programs and initiatives, the Center continues to support the Ministry of Finance’s objectives to promote financial literacy and equip society with financial knowledge tools, thereby contributing to building a responsible financial culture aligned with the objectives of Saudi Vision 2030.
Comm. & Financial Knowledge Center
https://cfkc.gov.sa -@CFKC_KSA
SOURCE “Mutamem” – The Center for Communication and Financial Knowledge
