Vision 2030 projects 2026 are transforming Saudi Arabia’s economy and creating new opportunities for foreign firms.
Saudi Arabia’s Vision 2030 is entering a decisive execution phase, and 2026 is shaping up to be a milestone year. With giga-projects accelerating, regulatory reforms unlocking 100% foreign ownership, and major infrastructure nearing completion, the Kingdom is positioning itself as one of the world’s most attractive destinations for foreign direct investment (FDI).
For international companies, Vision 2030 projects in 2026 offer real, bankable opportunities especially in infrastructure, technology, tourism, renewable energy, and manufacturing. This article highlights the top Vision 2030 projects to watch in 2026 and explains how foreign firms can strategically enter and scale in Saudi Arabia, based on the latest Perplexity-backed research
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Key Vision 2030 Projects to Watch in 2026
NEOM
NEOM remains the flagship of Vision 2030 and a central focus for foreign investors.
Key 2026 milestones include:
- Structural completion targets for early segments of The Line
- Operational launch phases of Sindalah Island, focused on luxury tourism
- Continued industrial and logistics development at Oxagon
Despite project rescaling, NEOM remains fully active, creating opportunities in:
- Smart infrastructure and urban technology
- Renewable energy and green hydrogen
- Advanced manufacturing and logistics
- Digital construction and AI-driven planning
Qiddiya
Qiddiya, located southwest of Riyadh, is Saudi Arabia’s future entertainment, sports, and culture hub.
By 2026, Qiddiya will generate demand across:
- Theme park operations and management
- Sports infrastructure and event hosting
- Hospitality and entertainment technology
- International entertainment partnerships
Foreign firms with experience in large-scale leisure developments will find strong alignment here.
Red Sea Global
Red Sea Global is driving Saudi Arabia’s transformation into a global luxury and eco-tourism destination.
2026 highlights include:
- Expansion of luxury island and coastal resorts
- Increased focus on sustainability and low-impact tourism
This creates opportunities for foreign firms in:
- Hospitality operations and branding
- Sustainable construction and engineering
- Marine logistics and resort services
Riyadh Metro & Expo 2030 Preparations
In addition to giga-projects, 2026 will mark major progress in:
- Riyadh Metro, strengthening urban mobility and smart transport
- Early-stage infrastructure tied to Expo 2030 site development
These initiatives increase demand for:
- Transport systems and smart mobility solutions
- Engineering, operations, and maintenance services
- Urban infrastructure and digital platforms
Why 2026 Is a Breakthrough Year for Foreign Firms
Saudi Arabia is implementing some of its most investor-friendly reforms under Vision 2030.
By 2026, foreign companies benefit from:
- 100% foreign ownership in key sectors such as tech, fintech, manufacturing, and hospitality
- Permission for foreign real estate ownership in zones like NEOM (effective January 2026)
- Removal of ownership caps on listed Saudi firms (effective February 2026)
- Expanded Special Economic Zones (SEZs) and tax incentives
These reforms are designed to boost FDI inflows and enhance competitiveness against regional markets such as the UAE and Qatar
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High-Growth Sectors for Foreign Investment
Foreign firms targeting Vision 2030 projects should prioritize:
- Infrastructure & PPPs – transport, utilities, smart cities
- Renewable Energy – solar, wind, green hydrogen
- Technology & AI – fintech, automation, smart systems
- Tourism & Hospitality – luxury resorts, destination management
- Advanced Manufacturing – supply chains linked to PIF projects
These sectors enjoy strong government backing and long-term funding visibility.
Market Entry Strategies for Foreign Firms
To succeed in Saudi Arabia’s Vision 2030 ecosystem, foreign firms should adopt a structured entry approach:
- Register via MISA portals for licensing and incentives
- Target PIF-backed supply chains linked to giga-projects
- Leverage PPP frameworks for infrastructure participation
- Align with Saudization requirements through workforce planning
- Apply for financing or grants via Monsha’at or SIDF
A compliant and localized strategy significantly improves approval speed and project access.
Conclusion: Why Foreign Firms Should Act Now
Vision 2030 projects in 2026 represent a shift from ambition to execution. With ownership reforms, active giga-projects, and strong government support, Saudi Arabia offers one of the most compelling investment environments globally.
Foreign firms that enter early, align with national priorities, and integrate into giga-project supply chains will be best positioned for sustainable, long-term growth.
Call to Action
Planning to enter Saudi Arabia under Vision 2030?
👉 Book a consultation to explore licensing, ownership structures, and the best market entry strategy for your business.