Saudi Vision 2030, launched in 2016, is a comprehensive national transformation strategy that seeks to decrease Saudi Arabia's dependency on hydrocarbons, diversify the economy, increase the participation of human capital, modernize governance, and strengthen Saudi Arabia's global standing. This study is an attempt to look at Vision 2030 as a multi-dimensional transformation process and not a single economic reform programme after 10 years of its application. Qualitative documentary analysis thus describes, based on qualitative evidence, official Vision 2030 documents, government documents, national statistics, international assessments and academic literature between 2016 and 2026. Economic diversification, social change, governance reform and strategic repositioning are all central themes for the analysis. Results show that there have been major achievements in some of the areas that are not oil related, women in the workforce, tourism development, digital governance, and international investment engagement. However, there are financial and institutional shortfalls around the dependence of oil, project sustainability, and productivity in the private sector. As the study points out, Vision 2030 is still a transformation model and not a transition to something else.