Doing Business In Saudi

Key Indicators about Saudi Arabia :
Global Competitiveness Rankings           : 25 of 140
Population (millions)                               : 31.4 ( 65% are citizen and 35% are foreign | Young population with 47% under 25 years of age )
Internet Users (millions)                           : 20.1
Smartphone Users (millions)                    : 23
Students (millions)                                   : 6.5
GDP (US$ billions)                                  : 653.2
GDP (PPP) as share (%) of world total     : 1.48



Market Size :

Finance and Banking (asset)                        :  $587B
Real Estate                                                :  $347B

Infrastructure and Construction                    :  $300B

Transport                                                    :  $141B

Retail and wholesale trade                           :    $99B

Housing                                                      :   $67B 

Education and Training                                 :   $56B

Petrochemicals                                            :   $45B

Information and communications technology  :   $32B
Healthcare and social development               :   $32B

Tourism                                                      :    $16B

Industrial equipment                                    :    $15B
Insurance                                                   :    $11B
Jewelry and accessories                             :      $8B
Beauty and personal care                            :   $5.2B
Restaurants                                                :  $4.5B
Exhibitions and events                                :   $2.6B
Car rental                                                   :   $1.1B

Media and marketing                                   :   $1.1B

Media and marketing (Digital)                      :    $88M



Public Sector : 
Revenue 2016 : $141B ( 80% from oil , gas and petrochemicals , 20% from investment and fee )
Reserve 2016  : $169B
Budget Allocation 2017 : $237B ( Note 2016 : $224B , 2015 : $230B , 2014 : $228B )
  Education : $53B
  The military sector : $50B
  Health services and social development : $32B
  Units of public programs : $29B
  Security and administrative areas sector : $26B
  Basic equipment and the transportation sector : $14B
  Municipal services : $13B
  Economic resources sector : $13B
  Public administration sector : $7B



Private Sector : 

Number of businesses : 1.9 Million

Number of big businesses ( More than 50 employees ) : 48K

Number of public companies : 160

Number of investors : 4.6M

High demand jobs (shortage skills) : ( Opportunity for online & offline education companies , recruiters , outsourcing )

• Human Resources
• Finance
• Accounting
• Marketing and Sales
• Media and PR
• Engineering
• Technology : Computer Science , Information Technology and E-commerce .
• Health Care : Nursing , Medicine , Pharmacy , Medical Technology
• Basic Sciences : mathematics, physics , chemistry, biology.
• Other disciplines : law , insurance

Government will support these sectors for economic growth :

• Agriculture
• Housing
• Transport
• Oil and Gas
• Power Water and Electricity
• Renewable Energy *
• Information and communication technology  *
• Education *

Government will support these sectors to create 6 millions job & economic growth by 2030:

• Entrepreneurship and SMEs programs *
• Sharing economy such as Uber ( Create up to 100K jobs , Sometimes support and invest , Saudi Government invested $3.5B in Uber  ) *
• Retail and wholesale trade  ( Create up to 800K jobs , Sometimes support and invest ,  Alabbar, Saudi PIF to Set Up $1 Billion E-Commerce Firm ) *
• Tourism and hospitality (10M~13M visitors every year , Create up to 1.3M new jobs) *
• Finance *
• Healthcare *
• Mining and metals ( Create up to 500K jobs )
• Petrochemicals
• Manufacturing
• Construction 

* ( Both Online and Offline Businesses )



Feel free to contact me if you are looking for start new business or expand your business in Saudi and MENA region : hany4u@gmail.com