Real Estate
The Kingdom's real estate sector's rapid growth is fueled by a large, young population and a rich middle-class, as well as by the pursuit of ambitious development projects to achieve Vision 2030 goals.
50%
of new units built using new technology
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
Energy
The Kingdom’s booming economy is set to drive exceptional demand for energy across all market segments, coupled with a strong focus on renewables, energy efficiency and sustainability.
53%
Amount of growth
4.5$ B
annual investment volume
184 GW
of clean energy in 2019 only
Chemicals
Saudi Arabia is a top global destination for large chemical companies, as well as downstream value chain partners such as specialty chemicals, conversion, engineering plastics, and rubber producers.
97,267KT
chemical production capacity in KSA for 2017
170BN
operating revenues of the Chemicals sector for 2016
5%
production capacity growth for Chemicals for 2016
Financial Services
Saudi Arabia's financial sector is regarded as one of the world's most sophisticated. Saudi Arabia's reputation as an internationally renowned finance centre has been fostered by a stable economic and political environment, as well as favorable legal and tax policies.
$1.3TRN
estimated total credit demand by 2030
53%
increase in the share of capital markets assets by 2030
20%
increase in the share of MSME financing by banks by 2030
70%
share of non-cash transactions by 2030
IT and Communication
An ambitious Vision to become an ICT hub for the region and beyond with a focus on digital innovation in smart cities, Industry 4.0, digital education, and digital health.
154R.S B
The size of the information and communication technology sector
6.4$ B
future technology investments
4.1%
of Saudi Arabia's gross domestic product
Mining and Metals
Saudi Arabia's mining and metals sector is emerging as one of the most attractive globally in terms of cost, raw materials availability, flexible incentive structure, and access to competitive loans.
$75BN
GDP contribution by 2035
$1.3TRN
mineral resources potential value
48
minerals identified in the Kingdom
4TH
largest importer of mineral products globally
Agriculture & Food Processing
Saudi Arabia's agricultural and food processing sector is well-established and poised to expand rapidly in the future years. Domestic, regional, and worldwide demand for Saudi food items is on a growth trajectory, with the seafood, dates, and halal market segments leading the way.
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
Tourism & Quality of Life
Saudi Arabia is one of the tourism’s best kept secrets. With a wealth of stunning locations and unique experiences, the sector is a key driver of Vision 2030 and economic diversification.
55 M
Foreign visit during 2022
more than 100 M
Foreign visit by 2030
Transport & Logistics
Saudi Arabia has one of the most competitive infrastructure networks in the region, with a proven track record of public-private partnerships and privatization plans in the works.
$26BN
annual growth forecast prior to 2030
$18BN
total market size
12%
CAGR by 2030
$30BN
public sector investments expected over the next decade
Human Capital Innovation
With a vision to turn its young and dynamic population into tomorrows leaders, innovators, and entrepreneurs, the human capital and innovation sector is at the heart of Saudi Arabias Vision 2030.
1
Instill national values and strengthen the sense of national belonging
2
Improving the quality of education
3
Foster the values of determination and perseverance
4
Develop positive attitude, resilience and hard-work culture among our children
Aerospace and Defense
With one of the world’s highest military expenditures, Saudi Arabia is shaking up its defense and security sector in order to localize over 50% of its military expenditure by 2030. The industry has witnessed noticeable changes over the recent years in Saudi, with major business climate reforms, including the establishment of General Authority of Military industries (GAMI) as the regulatory body, easy online licensing process, and allowing 100% foreign ownership for companies operating in the sector.
50%
localization target by 2030, up from 8% in 2020
100%
foreign ownership allowed
6TH
largest military spender around the world in 2020
Industrial and Manufacturing
Saudi Arabia is the region's largest and fastest-growing automotive and industrial equipment market.
156$ B
amount in 2023
2.78%
annual growth rate
Pharma & Biotech
Saudi Arabias pharma and biotech sector is expected to grow rapidly in the coming years due to population growth and increased demand for chronic disease treatment. With a predicted CAGR of 7.3% over the next 6 years, the sector offers attractive first mover advantages given the relatively low penetration of leading global pharmaceuticals manufacturers with local production facilities.
$8.5BN
pharmaceutical market size
37%
of MENA market share in pharmaceuticals
Environment Services
Water services and waste management are two of the Kingdom’s fastest growing segments, driven by an increasing population, rising standards of living, and a growing focus on a national circular economy.
700 SR billion
to contribute to the development of the green economy
65%
Increase the gross domestic product by 2030
