Setup in Saudi Resource Hub:Saudi Market Outlook

Construction, IT, Tourism, Mining and Logistics are the top sectors in Saudi Arabia with promising market expansion and growth avenues for international companies. Find out more below.

Saudi and Turkey Strengthen Ties: The Saudi construction sector, boosted by Vision 2030, opens significant opportunities for Turkish contractors, enhancing bilateral cooperation and driving regional economic growth.

With the ongoing digitalization of public services backed by a well-developed digital infrastructure and government initiatives under Vision 2030, Saudi Arabia’s fintech sector has remained a transformative force shaping the country’s diversified economy.

Saudi Arabia has made significant strides towards its economic diversification under Saudi Vision 2030. Sectors such as IT, Tourism and Construction are at the forefront of attracting investments into the Kingdom. Read more to find out how.

The Kingdom’s positive investment climate, favorable business initiatives, and record-breaking achievements give confidence to aspiring entrepreneurs and those looking to scale their operations. This trend is particularly evident in Saudi’s two high-performance sectors: construction and tourism.

Saudi Arabia's giga projects are the cornerstone of the country's sustainable development, designed to accelerate the nation's targets for environmental protection, economic prosperity, and social progress.

With Saudi Arabia accelerating its digital transformation, its IT sector is undergoing massive developments, providing a plethora of opportunities for international and regional companies to expand to the Kingdom.

Coupling technology with real estate, Proptech is becoming one of the driving forces of growth in Saudi Arabia and the Gulf region. A key leader in this space is one of our expansion companies, Konn Technologies, a real estate customization service for developers that allows homebuyers to customize their homes off-plan by streamlining the design and pricing process.

The Saudi construction sector is currently valued in the region of $68 billion, approximately 6% of The Kingdom’s GDP, and is projected to grow to around $87 billion in 2028. We helped construction leader Waagner Biro Steel and Glass expand into this lucrative Saudi market. Jason Wilson, General Manager of Waagner Biro Steel and Glass explained that the historic firm was attracted by: “A market that’s too big to ignore.”

In a move that promises to accelerate Saudi Arabia’s media industry, Augustus Media has joined forces with Saudi’s Ministry of Investment and Ministry of Communications and Information Technology’s Ignite programme.

Saudi Arabia’s construction market has an estimated value of USD 70 billion with an impressive forecasted CAGR of 4.5% from 2023 to 2028 In a recent conversation, we spoke with Grankraft’s CFO, Iyengar, and learned more about the company’s journey into the Kingdom.

The dynamic convergence of insurance and technology, often referred to as Insurtech — is reshaping the design, distribution, and consumption of insurance products worldwide. Democrance, a company that specializes in Insurtech innovation, serves as a prime example for this wave of transformation

Saudi is hosting the 2034 FIFA World Cup, and the news comes as no surprise – A Saudi World Cup is merely the pinnacle of a Saudi Vision 2030, a natural next chapter in Saudi’s milestones of growth and global integration.

In under thirty days, Saudi Arabia has seized global attention with two groundbreaking announcements. Riyadh has triumphed over Rome and Busan, garnering a decisive 119 out of 165 members of the Paris-based Bureau International des Expositions (BIE), to host the ‘most connected’ Expo in history, a record since its inception in 1851. As 2023 draws to a close, the Kingdom isn’t just making headlines—it’s dominating them.