The economic transformation of Saudi Arabia, as outlined in Saudi Vision 2030, has seen the initiation of mega projects with the aim of diversifying the Saudi Arabian economy, developing infrastructure in Saudi Arabia, and establishing Saudi Arabia as a global investment hub. The mega projects initiated in Saudi Arabia have seen the development of capital-intensive funding mechanisms with the aim of ensuring the sustainability of the mega projects initiated in Saudi Arabia. The debt markets of Saudi Arabia, such as Sukuk and conventional bonds, have emerged as significant funding mechanisms for the mega projects initiated in Saudi Arabia with the aim of achieving the outlined targets in Vision 2030. The aim of the study is to explore the role of debt markets in Saudi Arabia in funding the mega projects initiated in Saudi Arabia with the aim of achieving the outlined targets in Vision 2030, with special emphasis on the development of debt markets and institutional reforms and the significance of Islamic and conventional debt markets. The study analyzes the development of debt markets in Saudi Arabia, the effectiveness of debt markets in funding the mega projects initiated in Saudi Arabia with the aim of achieving the outlined targets in Vision 2030, and the implications of debt markets for the sustainability of the Saudi Arabian economy. The study concludes that well-developed debt markets are essential for developing fiscal flexibility, foreign investments, and financial system stability, as outlined in Vision 2030.
Saudi Vision 2030, Mega-Projects, Debt Markets, Sukuk, Bonds, Infrastructure Finance, Capital Markets
IRE Journals:
Azeem Iftekhar "Financing Vision 2030 Mega-Projects through Saudi Debt Markets" Iconic Research And Engineering Journals Volume 9 Issue 8 2026 Page 1461-1471 https://doi.org/10.64388/IREV9I8-1714497
IEEE:
Azeem Iftekhar
"Financing Vision 2030 Mega-Projects through Saudi Debt Markets" Iconic Research And Engineering Journals, 9(8) https://doi.org/10.64388/IREV9I8-1714497