Saudi Growth
Why Saudi Arabia is a Prime Destination for Startups
Saudi Arabia is emerging as a global hub for innovation and entrepreneurship, making ita highly attractive destination for startups seeking rapid business growth.
Saudi Arabia’s trillion-dollar economy gains momentum, fueled by Vision 2030.
Vision 2030 creates a business-friendly environment, with streamlined regulations, attractive incentives, and funding opportunities. This makes Saudi Arabia an ideal destination for startups looking to scale.
The rapid transformation of the Saudi economy, driven by diversification and substantial investments across various sectors, is reshaping the country’s economic landscape and its position on the global stage.
The Kingdom’s economic transformation, driven by Vision 2030, Is steadily progressing. Newly-released figures from the General Authority for Statistics (GASTAT) show Saudi Arabia’s non-oil activities grew 4.9 percent year-on-year in the second quarter of 2024.
9-22 Reuters poll of 21 economists forecast the Saudi economy would expand 4.4% in 2025, the fastest in three years.
Special Economic Zones
Saudi Arabia’s Economic Cities offer a multitude of benefits from strategic location to support across every stage of your investment journey
- Fully integrated government services
- Access to top foreign talent
- Unparalleled logistics network
- Exceptional quality of life
- Sector-specific planning and synergy
- Master planned cities
- World-class infrastructure
- Attractive lifestyle
- Saudi Arabia's ECs are completely owned by private sector
- Dedicated judicial ecosystem
- National & international connectivity
- Superior residential and lifestyle solutions
Investment Law reforms
Global Minimum Taxation
Investment is playing a central role in Saudi Arabia’s economic shift. While investment is forecasted to rise to 28 percent of GDP by 2030, up from 25 percent in 2016, economists say stronger foreign direct investment (FDI) inflows are expected.
The biggest beneficiary sectors of higher investment include construction, manufacturing, and transportation, and new sectors such as entertainment, tourism, technology, and green energy.
The National Tourism Strategy and a robust pipeline of major events, including the Asian Cup 2027, Asian Winter Games 2029, Expo 2030, and FIFA World Cup 2034, are expected to boost this sector further.
Private sector has played a crucial role in this economic transformation. The report indicated that the Saudi private sector will continue its strong role and performance – thanks to its status as an effective partner in the comprehensive development process and in achieving the goals of Vision 2030