Crown Prince Mohammed bin Salman opened the new session of the Shoura Council on behalf of King Salman. During his speech, he underlined the core values of Islamic Shariah, justice, and consultation. Citizens were reminded that these principles have guided Saudi Arabia for centuries.
The crown prince highlighted the strength of the economy and its transformation journey. Diversification efforts are showing strong results across many sectors. In addition, non-oil activities now contribute more than half of the country’s GDP.
He also stressed that the economy continues to attract foreign investment. The Kingdom already secured regional headquarters for over 600 international companies. This achievement surpassed the original Vision 2030 target and strengthened Saudi Arabia’s global standing.
Major improvements in infrastructure, regulations, and technology supported this success. These changes increased investor confidence and drove faster growth. Furthermore, the crown prince emphasized the Kingdom’s ambition to lead in artificial intelligence. Saudi Arabia seeks to become a global producer of advanced technologies.
Attention also turned to military industries. Local content grew from less than two percent to more than 19 percent. This outcome reflects a push for stronger sovereign capabilities and a broader strategy to secure key sectors.
Housing challenges also featured in the address. Rising property prices created difficulties for many families. To address this, the government introduced policies to reduce costs and expand affordable options. These steps also aim to stimulate development and attract more investment.
The crown prince praised both public and private sectors for their adaptability. Institutions quickly addressed economic shocks while adjusting national programs. Government spending continues to focus on citizens’ welfare and higher living standards.
He noted that the economy has delivered historic milestones. Unemployment rates dropped to record lows, and female participation reached new highs. At the same time, the number of low-income households fell significantly.
The overall message was clear. Saudi Arabia is not only adapting to change but also driving it. Leadership shows determination, ambition, and resilience. Moreover, the speech outlined a bold vision that guides future progress.
