Saudi Arabia’s Overview of Competitive Investment Landscape as the Country is striving to become a global investment powerhouse.
This ambition is centered around the development of a vibrant society, a thriving economy, and an ambitious nation.
Enabled by Vision 2030, the Kingdom’s socio-economic transformation is unleashing growth opportunities across several promising sectors and regions.
A network of Special Economic Zones in exceptional and competitive locations in Saudi Arabia provides investors with a wealth of untapped opportunities for business growth and success.
As seen in the data of 2022, The Kingdom has experienced a GDP growth of 8.7% and resulted in the 2nd lowest in debt to GDP ratio among G20 countries with Total reserve assets of $460 bn.
Saudi Arabia’s attractiveness in terms of investments is also favored by the Country’s strategic position as 13% of global trade passes through the Red Sea allowing access to 70% of the world’s population within 8 hours’ flight time.
Saudi Arabia benefits from a mature and historically stable financial services sector and a strong capital markets infrastructure.
Looking forward, the sector will act as a platform for future economic growth within the Kingdom, providing access to a wide range of finance and growth capital necessary to support investor requirements.
The sector is rapidly evolving, driven by a rapid rise in FinTech activities, providing cutting-edge services that will further enhance the investor experience.
Whilst Saudi Arabia is an affluent and growing global economy, its abundance of natural resources means that businesses here can benefit from highly competitive utility costs (including water, electricity, and gas).
This is complemented by large areas of developable land and existing high-grade office and industrial locations, again at very competitive rates when compared to other GCC and developed economies.