Vision 2030
— Saudi Arabia's $840 billion economic transformation program — faces its most serious challenge to date. The war has frozen FDI inflows, with one major investment bank estimating a 60-70% decline in Q1 2026 compared to the year prior.
Several European and American investment funds have halted new capital deployment into Saudi projects. Luxury hotel bookings in the Kingdom dropped an estimated 45% in the first two weeks of March.
Meanwhile, PIF — the $1.15 trillion sovereign wealth fund at the heart of Vision 2030 — is finalizing a revised 2026-2030 strategy that shifts focus from megaproject launches toward AI, events, and housing. Construction contract awards in Saudi Arabia fell from $71 billion in 2024 to below $30 billion in 2025 — down nearly 60%.
