EXPERTISE | CORPORATE SERVICES | WHY SAUDI ARABIA

Why choose Saudi Arabia?

Saudi Arabia is welcoming foreign direct investment and partnerships, it has a growing economy, and diverse opportunities in every sector.

KSA is an ideal environment for businesses that want to expand overseas. It also has a forward-thinking government - pro-actively welcoming foreign expertise in its own growth plans.

KSA: Proven growth potential

With the introduction of the Saudi Vision 2030, the Kingdom's approach to welcoming foreign investors has completely opened up - Saudi Arabia has introduced a range of pro-business reforms aimed at making it easier for foreign companies to operate in the country.

Thanks in part to Vision 2030, the non-oil sector grew by 5.4% in 2023 - driven by sectors like fintech, construction, real estate, technology, and manufacturing (World Bank).

Sport and tourism are hugely significant. The Kingdom wants to increase tourism revenue from $22 billion in 2020 to $45 billion by 2030 through projects like NEOM and the Red Sea Project (Saudi Commission for Tourism and National Heritage).

Saudi Arabia boasts the largest economy in the Middle East, with a GDP of just over USD 1 trillion (around a quarter of the MENA total) and a population of more than 30 million.

High-profile projects include construction of the world's largest solar plant, the futuristic development of NEOM (a floating industrial complex, global trade hub, and tourist resorts powered by renewable energy), and the construction of the world's tallest building in Jeddah in a bid to spur visitor arrivals.

Saudi Arabia's Vision 2030 is also key to quality of life in-country. It's fostering a pro-active invitation to overseas' partners. It's true, there's nuance and complexity around entry into the market, but that's where AEI offers value to entrepreneurs, innovators and firms that want to start a business in Saudi Arabia.

Start your journey to Saudi Arabia with AEI

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