Saudi Arabia's economy is set to accelerate, with GDP growth projected at 1.4% in 2024, climbing to 5.3% in 2025, driven by economic reforms and diversification from oil dependency.

Building on this momentum, Saudi Arabia launched a 4,500 MW renewable energy project under Vision 2030, featuring significant initiatives like the Dawadmi wind project and several solar projects.

Complementing these energy efforts, the Kingdom's Kafalah program has secured over $26 billion for SMEs since 2006, creating around 1 million jobs and boosting sectors such as tourism and manufacturing.

Meanwhile, neighboring UAE has increased its 2024 GDP growth forecast to 4%, citing improvements in the oil sector and rising tax revenues, with non-hydrocarbon GDP expected to grow robustly at 5.2%.

In a move to further support societal goals, Saudi Crown Prince Mohammed bin Salman has launched the Riyadh Non-profit Foundation, aimed at advancing social development and research, aligning with Vision 2030.

Lastly, tackling environmental issues, Saudi Environment Minister Abdulrahman Alfadley led the first Advisory Council meeting for UNCCD COP16, focusing on land degradation and drought, aligning efforts with global experts and leaders.