Saudi Arabia remains the largest economy in the MENA region and a hub that connects the three contents “Asia, Africa and Europe”. Such competitive features encourage KSANCC’s to improve investment environment, attract investment in different sectors of economy, serve investors and entrepreneurs and enable them to grow and expand regionally and internationally to transform Saudi Arabia into a pioneering investment destination in the world.
Most Prominent Promising Investment Sectors in Saudi Arabia
A number of pioneering and pivotal sectors are targeted by Vision 2030 to be equipped with a customized developmental programs and strategies for the aim of forming a wide variety of sectors with competitive features and great investment opportunities, the most notable of which are:
- The Industrial Sector:
- Great opportunities to realize the Saudi Vision 2030 by growing and diversifying the Saudi resources and economy.
- Providing an attractive environment that is based on advanced industrial cities, completed infrastructure, high-quality services and
- wide logistic network.
- Chemical Industry Sector:
- The largest chemicals market in the MENA region.
- The largest integrated chemical industrial complex worldwide.
- Raising the industry’s value through the “Transformative Industries” program that promote industrial growth in different fields which makes it the main driver for development of chemicals industry sector.
- Metals and Mining Sector:
- A great growth and fast expansion in line with the Saudi Vision 2030.
- The abundance of raw material in the Saudi soil.
- The strategic and vital location of Saudi Arabia that gives local manufacturers a great privilege for export.
- Communication and Information Technology Sector:
- The vital centre in the world of Advanced Industries.
- The largest information technology market in the Middle East.
- Large technology projects such as Neom, the Promise of the North, Red Sea Project and Qiddiya.
- Energy and Water Sector:
- One of the most important strategic sectors in Saudi Arabia.
- An important opportunity to enable investors to activate their role and form the current transformation of the sector.
- Classifying Saudi Arabia as a leading and most progressed country in the energy and water sector worldwide.
- HealthCare Sector:
- Contentious and increased demand to grow.
- Variety of challenges in a number of health aspects and fields.
- The availability of great investment opportunities to accelerate the economic growth, enable innovations and activate advanced technologies.
- Transport and Logistic Services Sector:
- The strategic location of Saudi Arabia is a crossroad of important international trade between the three continents: “Asia, Africa and Europe”.
- The diversity of transport and logistic services infrastructure, including seaports, railways, roads and airports.
- Promising opportunities in the new Saudi transportation model.
- Tourism, Culture and Entertainment:
- Saudi capability to attract tourists from all over the world to visit Saudi Arabia.
- A stunning nature, rich cultural sites that have been listed in UNESCO world heritage.
- Promising investment opportunities to achieve the greatest transformation witnessed worldwide and promote local tourism.