Saudi Arabia celebrates its 94th National Day in 2024, marking a year of remarkable progress across various sectors. The Kingdom’s meteoric rise as a global powerhouse continues, fueled by the ambitious Vision 2030 plan. This initiative has transformed Saudi Arabia from a hydrocarbon-dependent economy into a diversified and innovative nation. From economic transformation to cultural renaissance, Saudi Arabia has shown its commitment to becoming a global leader.
Economic Transformation and Global Investment
Saudi Arabia’s economy has experienced unprecedented growth, driven by Vision 2030. The government’s efforts to diversify the economy attracted over $40 billion in foreign investments. The construction of NEOM, a futuristic megacity, marked a major milestone in this transformation.
The Kingdom also strengthened its global economic hub status by hosting the Future Investment Initiative (FII). This event gathered global leaders and investors to discuss sustainable development and investment opportunities. Moreover, the Public Investment Fund (PIF) announced substantial investments in renewable energy, aligning with the Kingdom’s green initiatives.
Tourism has also proven to be a significant economic contributor. Saudi Arabia’s investment in tourism infrastructure has paid off, attracting millions of visitors annually. In 2023, the Kingdom welcomed over 100 million tourists, earning international recognition from UN Tourism and the World Travel & Tourism Council. The Kingdom now aims to welcome 150 million tourists by 2030, with iconic projects like NEOM and the Red Sea Development highlighting its commitment to sustainable tourism.
Technological Advancements and Innovation
Saudi Arabia has embraced technology as a driver of economic growth. The Kingdom launched several AI-driven initiatives, including the world’s first AI university, King Abdullah University of Science and Technology (KAUST). These investments in artificial intelligence, renewable energy, and biotechnology have positioned Saudi Arabia at the forefront of innovation.
The launch of the Saudi Space Commission underscores the nation’s commitment to space exploration. Additionally, Saudi Arabia hosted the Global AI Summit in Riyadh, attracting international experts and reinforcing the Kingdom’s ambition to lead in artificial intelligence.
In a groundbreaking medical achievement, King Abdulaziz Medical City in Riyadh successfully used Casgevy gene therapy to treat thalassemia major. This treatment, involving CRISPR gene editing technology, marks a significant medical breakthrough, being the first of its kind outside clinical trials.
Cultural Renaissance and Social Progress
Cultural diplomacy has played a vital role in Saudi Arabia’s global achievements this year. The Kingdom hosted the 2024 UNESCO World Heritage Committee meeting, showcasing its rich cultural heritage and strengthening international relations. Saudi Arabia’s participation in Expo 2023 in Osaka, Japan, also emphasized its vision for a sustainable future. The Saudi pavilion, themed “The Kingdom of Tomorrow,” drew significant attention for its innovative approaches to sustainability and development.
The Kingdom’s cultural footprint expanded with the opening of the Diriyah Biennale Foundation, which attracted international artists and visitors. The Diriyah Gate Development Authority also transformed the historic city of Diriyah into a world-class cultural and tourism destination.
The Saudi National Orchestra and Choir will perform at Westminster Hall in London, as part of their global “Marvels of Saudi Orchestra” tour. This concert, organized by the Saudi Music Commission and the Saudi Ministry of Culture, will blend Saudi and British music with the Royal Philharmonic Orchestra, showcasing Saudi Arabia’s rich musical heritage.
Socially, Saudi Arabia has made significant strides in women’s empowerment, enhancing their participation in the workforce and education. The introduction of the Quality of Life Program has further improved the overall well-being of Saudi citizens.
Sports Dominance and Global Influence
Saudi Arabia solidified its presence in global sports by hosting high-profile events like the FIFA Club World Cup and securing the hosting rights for the 2027 AFC Asian Cup. The Kingdom also filed an official bid to host the FIFA World Cup 2036. Additionally, Saudi Team Falcons claimed the title in the inaugural Esports World Cup, underscoring the Kingdom’s influence in the growing esports industry.
In March, Saudi Arabia hosted its renowned Formula One Grand Prix in Jeddah for the fourth consecutive year.
Moreover, the International Olympic Committee (IOC) announced that Saudi Arabia will host the first-ever Esports Olympics in 2025.
The transfer of Al Hilal right-back Saud Abdelhamid to Serie A side Roma marked a significant milestone. He became the first Saudi football player to join one of Europe’s top-flight leagues.
Leadership in Renewable Energy
Saudi Arabia has emerged as a leader in renewable energy with the launch of the Saudi Green Initiative. This ambitious project aims to plant 10 billion trees and reduce carbon emissions, with plans to generate 50% of the Kingdom’s electricity from renewable sources by 2030.
Expanding Global Impact & Alliance
Saudi Arabia’s growing economic and diplomatic influence is evident on the world stage. The Kingdom has played a pivotal role in regional and global affairs, promoting peace, stability, and cooperation. The Kingdom maintained its strong relations with global powers, including the United States, Europe and China.
Saudi Arabia has taken a leading role in addressing regional challenges, such as the conflict in Yemen and the humanitarian crisis in Syria, Gaza, Sudan and other parts of Africa and Asia. The Kingdom has forged strong partnerships with countries around the world, fostering economic cooperation and cultural exchange.
Future Prospects
Saudi Arabia’s 94th National Day marks a significant milestone in the nation’s journey of progress. The achievements of the past year demonstrate the country’s determination to become a global leader in various fields. As Saudi Arabia continues to implement its ambitious plans, it is poised to achieve even greater success in the years to come.
