Since Saudi Arabia announced its "Vision 2030" in 2016, this traditional energy powerhouse has accelerated its transition towards a new era of a non-oil economy. Recent research reports indicate that the total value of giga projects under construction in the Kingdom has surpassed $1.5 trillion—equivalent to Switzerland's annual GDP. Notably, the proportion of non-oil projects has, for the first time, exceeded 65%, signaling Saudi Arabia's active pursuit of a profound economic transformation.

🔋Green Transformation: Strategic Energy Shift Reshapes Global Landscape

At the Qurayyah power plant on the outskirts of Riyadh, Saudi Arabia, the world's most advanced ultra-supercritical power generation units are being installed. This project is expected to reduce carbon emissions by 3 million tons annually, becoming a landmark initiative in Saudi Arabia's energy transition. Saudi Arabia is also accelerating its development of renewable energy – by 2024, the country has jumped to the top three globally in renewable energy investment, with an investment growth rate of 40%. All this demonstrates that Saudi Arabia is not only determined to maintain its global leadership in energy but is also striding confidently toward a green and sustainable future.

🏙️ Smart City: The Rise of NEOM's Smart New Urban Center

NEOM is rapidly emerging as a global hub for innovation. With a total investment of $500 billion, this giga-project is far more than a city—it represents a comprehensive technological revolution. It attracts and integrates cutting-edge technologies from around the world, such as AI-powered urban management and fully circular water systems. Notably, the "desert tunnel boring machine" developed by China's CRCC has successfully overcome the challenges of extreme heat and sandy conditions, increasing project efficiency by 40%.

💧 A Water Revolution: Tackling Desert Challenges

In Saudi Arabia, a desert nation where water is more precious than oil, significant strides have been made in boosting water supply through seawater desalination and energy-saving innovations. The latest desalination project, utilizing reverse osmosis technology, can produce 600,000 tons of fresh water daily, sufficient to meet the needs of 2 million people. Furthermore, by being powered by photovoltaic (PV) solar energy, the project substantially reduces carbon emissions.

☀Solar Energy Empowerment: Breakthroughs in the Photovoltaic Industry

Saudi Arabia has also achieved a significant breakthrough in the photovoltaic industry. The Al-Shuaibah Solar Project, the world's largest single-site photovoltaic power plant currently under construction, has been fully connected to the grid and is now operational. By integrating bifacial photovoltaic modules with AI-powered operation and maintenance systems, Saudi Arabia's solar power plants have increased power generation efficiency by 25% while reducing operational costs by 40%.

🤝 International Cooperation: China and Saudi Arabia Join Hands to Build the Future

Saudi Arabia's rapid development is deeply intertwined with international cooperation, particularly its close partnership with China. Through its collaboration with Saudi Arabia, CH-Auto Technology became the first Chinese automobile manufacturer to invest in the country, marking a new chapter for Chinese new energy vehicles being produced there. This cooperation has not only secured financial support for CH-Auto but also, leveraging Saudi Arabia's tariff trade agreements, initiated an expansion plan into Middle Eastern, European, and American markets.

🔄 Transformation Achievements: Toward a Diversified Economy

In Riyadh’s financial district, construction sites and the headquarters of new enterprises are visible everywhere. Saudi Arabia’s economy has shifted from oil dependence to diversified growth. Data show that the share of non-oil GDP has risen from 31 % in 2016 to 48 % in 2024, accompanied by notable social changes: unemployment has fallen, women’s labor-force participation has increased, and foreign direct investment has surged.

🌟 Deep Dive into Saudi Business Opportunities and Future Potential

We hereby spotlight several upcoming exhibitions in Saudi Arabia to help you seize fresh opportunities and experience the Kingdom’s rapid development firsthand.

• Saudi Jeddah International Auto & Parts Show
  Dates: 22–24 October
  Saudi International Trade Fair
  Dates: 26–28 November
  Saudi Jeddah International Food, Packaging & Printing Expo
  Dates: 3–5 December
  Save the dates—these are your best gateways to enter the Saudi market and forge partnerships with leading local businesses.