Major Investment Sectors
Saudi has been one of the fast-growing investment grounds that allows investors to step forward and establish a business entity. As a part of Vision 2030 Saudi welcomes 15+ sectors for foreign investments. These are some major Investment sectors in Saudi,
Real Estate Sector
- 50% of new units built using new technologies
- 70% home ownership target by 2030
- 1.2BN m2 built-up area expected to be developed by 2030
- 1.5M housing units to be built by 2030
Healthcare and life sciences sector
- 100% of the population will be covered by the unified digital medical record system by 2025
- $5.4BN medical technology market size in 2021
- 88% of the population, including those in rural areas, will be covered by medical health services by 2025
- 5.8% CAGR healthcare services sector growth from 2017 to 2029
Agriculture & Food Industries
- 85% food processing localization target rate by 2030
- $42BN food and beverage market size and expected to grow at 3% per year over the next five years
Industrial and Manufacturing Sector
- $17BN Automotive market sales value in 2019
- 537,000 vehicles sold in 2019
- $400BN in the pipeline to be spent on the IKTVA program by Saudi Aramco by 2030
- $13BN total import of energy wires in the MENA
Transport and logistic sectors
- $26BN annual growth forecast prior to 2030
- $18BN total market size
- 12% CAGR by 2030
- $30BN public sector investments expected over the next decade
Information and Communications Technology (ICT) sector
- $2.5BN in expected gaming market size by 2030
- 73% social media penetration
- $18BN investments to build a nationwide network of large-scale data centers
- $2.5BN allocated to build the digital infrastructure needed for industry 4.0
- $13BN e-commerce market size in 2021, a 45% share of the GCC market
- 32% growth of the e-commerce market from 2015 to 2020
Tourism and Sports Sectors
- 100M local and international tourists per year by 2030
- 10% sector contribution to GDP by 2030, from 3% today
- $57BN investment requirement to build entertainment infrastructure by 2030
- 11 entertainment seasons launched across the Kingdom
- $320M private sector investment committed through clubs’ sponsorships until 2023
- $670M committed to supporting sports clubs in achieving financial maturity and privatization
If you’re planning to build up your business in Saudi Arabia, get in touch with analytixarabia.com and we will be happy to assist you to make these procedures simple.
Meet Geethu J S Pillai, a dynamic and results-driven Business Analyst with a passion for data, strategy, and problem-solving. Geethu brings a wealth of knowledge and experience to our team, helping us make informed decisions and drive business growth. You can find Geethu on LinkedIn