Saudi Arabia’s 7.3% rise in non-oil exports highlights a growing market that’s ripe for businesses looking to tap into the Middle East, with the Kingdom’s push for economic diversification under Vision 2030 offering new opportunities, especially in the chemical and manufacturing sectors.

In the first quarter of 2024, Saudi Arabia secured over 53% of its investment deals, with significant contributions from US and UK investors and a strong focus on sports and technology.

Moody’s has upgraded Saudi Arabia’s credit rating to ‘A1’, citing significant reforms and economic diversification efforts as key factors in their positive outlook.

Saudi Arabia’s GDP rose by 1.3% in the first quarter of 2024, driven by growth in both oil and non-oil sectors, an example of economic resilience and diversification efforts.

Spanish investments in Saudi Arabia, surpassing EUR 3 billion over the last decade, highlight the strong economic ties and opportunities for European businesses considering entering the KSA market.

Saudi Arabia’s economy offers great opportunities for growth, and we believe it is a good moment to start a business there.

Saudi Arabia announces customs duty exemptions for various manufacturing imports to stimulate industrial growth and reduce operational costs for companies.