Saudi Arabia

The Kingdom of Saudi Arabia is the one of the largest Arab state and its capital city Riyadh is accommodating around 7,4 million people and total population of 36 million. With the new Saudi Vision 2030 under the guidance of the Crown Prince Mohammed bin Salman al Saud this number is expected to increase in the coming years. Opening the doors to foreign investments and making an investor friendly environment is expected to have an impact in achieving this vision under the new regulations and with the contribution of young Saudi youth, which make up for more than half of the population.

In recent years, Saudi Arabia has become a very attractive destination for foreign investors and global corporations due to its steady economic growth and its plans to modernize business and economic sectors.

Easing restrictions on foreign investments has indeed awakened the interest of German and international corporates in the Saudi market, which aim to expand non-oil businesses in the Kingdom and push the Saudi market forward. According to Vision 2030, the diversity of economy will increase the non-oil revenue to 267 billion USD by 2030, in area of Tourism, entertainment, technology and construction.

Apart from the vision’s determination to make the Saudi economy more interesting the Saudi Arabian market is interesting for foreign investment as it has access to a domestic market of 20 million consumers from the neighboring GCC countries.