OSAKA — CEO of the National Transformation Program (NTP), Eng. Fawaz Alrabeh, said that the program’s initiatives have strengthened investor confidence, achieving 89 percent investor satisfaction in 2024, alongside the issuance of more than 14,000 new investment licenses.

Speaking at a panel titled “A Vision in Action: Unlocking Saudi Arabia’s Human Potential and Shared Prosperity” during Saudi National Day celebrations at the Saudi Pavilion in Osaka, Alrabeh congratulated the Saudi leadership and people on the Kingdom’s 95th National Day and reaffirmed the NTP’s role as the first and largest Vision 2030 realization program, responsible for 35 percent of the Vision’s strategic objectives.

Alrabeh outlined the program’s achievements across multiple fronts. NTP drives more than 300 initiatives and tracks progress through over 80 local and international KPIs.

Digital transformation is a standout milestone, with Saudi Arabia ranking sixth globally in the 2024 UN E-Government Development Index.

Infrastructure upgrades have also accelerated to support sustainable growth across sectors.

He highlighted rapid progress in the non-profit sector, with organizations growing by more than 288 percent since the launch of Vision 2030. Volunteer participation has already reached one million annually, six years ahead of schedule.

On women’s empowerment, he noted that female labor force participation has climbed to 35.5 percent, while women now hold more than 44 percent of managerial positions, underscoring their growing influence in the workforce and society.

Alrabeh emphasized NTP’s collaborative approach with seven ministries and more than 50 government entities to shape a supportive legislative and regulatory environment for private-sector growth. By the end of 2024, Saudi Arabia counted over 1.5 million SMEs.

“The NTP continues to build the foundations of sustainable transformation, fostering innovation, private-sector dynamism, and inclusive growth as part of Vision 2030,” Alrabeh said. — SG