Saudi Arabia is a future-forward economy, offering untapped potential and unique business opportunities.
Saudi Arabia holds exciting potential and opportunity for investors. A G20 economy with a young, highly educated population of over 34 million inhabitants. It also boasts a strategic location at the heart of major trade routes crossing three continents and bountiful natural resources. As part of Vision 2030, a wide range of economic reforms has succeeded in: creating new business opportunities, leveraging Saudi Arabia’s key strategic assets, and driving economic growth and diversification.
Reform is opening new economic opportunities in Saudi Arabia to the world.
Private investment plays an essential role in realizing Vision 2030. Saudi Arabia aims to achieve:
The chemicals industry is an essential part of the Kingdom’s economic diversification. In line with Vision 2030, we are aiming to see sector GDP contributions double by 2030. Saudi Arabia has already embarked on a transformational program that will generate significant industrial growth. These reforms are already having an effect on the Kingdom’s economy:Chemicals in Numbers
Vision 2030 aims to transform Saudi Arabia into a global ICT hub, supported by modern technologies and world class digital infrastructure that empowers Saudi citizens and provides sustainable employment.IT in Numbers
The energy & water sectors are growing rapidly in Saudi Arabia and are considered some of the Kingdom’s most important strategic sectors. Accordingly, the development of renewable energy sources is a key objective of Vision 2030. The Kingdom currently has the largest desalination market in the world, and is prioritizing water treatment and reuse as a means to drive greater sustainability.Energy in Numbers
Growing and diversifying the Saudi economy through collaboration and partnership, whilst opening the Kingdom to the world to encourage foreign investment, is a key objective of Vision 2030. Industrial and manufacturing sectors in particular are key to successfully achieving this diversification. The development and growth of industrial and manufacturing capacity is being catalyzed by an attractive ecosystem consisting of industrial cities, well-developed infrastructure, high quality utility supplies, and a well-established logistics network.Industrial in Numbers
The healthcare and life sciences sector is one of the most important sectors for Saudi Arabia. The healthcare sector is largely publicly financed, and in recent years the Kingdom has made significant strides in improving its healthcare infrastructure. Plans for the sector’s development aim to achieve privatization of services provision & PPP, an elevation in quality of care, application of virtual healthcare platforms and the enhancement of the health service through essential supply chain reform.
The mining and metals processing sector in Saudi Arabia has grown significantly in recent years.Mining in Numbers
Sitting at the heart of essential trade routes connecting three continents, Saudi Arabia occupies a unique and strategically beneficial location that Vision 2030 aims to maximize by developing the Kingdom into a world leading transport & logistics hub.Transport and Logistics in Numbers
For too long Saudi Arabia’s rich cultural offering has been closed to the world. Vision 2030 is opening Saudi Arabia to the world, and access to new cultural and creative opportunities is unleashing a newfound appetite for collaboration. Under Vision 2030 household spending on entertainment is anticipated to grow from 2.9% to 6.0% of GDP, creating a SAR 30 billion market. Cutting-edge entertainment experiences, new attractions and world-class events will all take place in the Kingdom in the coming years.Tourism in Numbers
For Saudi Arabia’s ambitious and youthful population, the housing market is of critical importance. Vision 2030 recognizes this and has taken a holistic approach to developing sustainable world-class housing solutions in the Kingdom. Initiatives include adopting new technologies like 3D printing, using more prefabricated buildings, leveraging robots for construction, and providing incentives for private sector partnerships.Real Estate in Numbers