Saudi Arabia, the largest economy in the Middle East, is undergoing a significant transformation from an oil-dependent state to a diversified economy. While oil and gas remain central, accounting for a significant portion of GDP and exports, emerging sectors like tourism, technology, and renewable energy are gaining momentum under the Vision 2030 strategy. Market competition is expanding, particularly in urban centers, supported by foreign investment and privatization efforts.

The government plays a pivotal role, implementing ambitious policies to diversify the economy, improve infrastructure, and promote private sector growth. Key initiatives include NEOM, a futuristic city project, and reforms to attract foreign direct investment. Regulatory frameworks are evolving to support ease of doing business and international partnerships, though challenges in transparency and bureaucracy persist.

Society is experiencing rapid modernization, with increased participation of women in the workforce and a growing emphasis on innovation. Education is a national priority, with investments in STEM, digital skills, and global competitiveness. Climate policies aim to address environmental challenges, with investments in solar and wind energy and plans to achieve net-zero emissions by 2060. Healthcare is advancing, offering high-quality services through public and private providers, with ongoing efforts to expand access and medical tourism.