Saudi Arabia’s Growing Economy Opens Up Investment Opportunities

Saudi Arabia’s economy is set to grow at the quickest pace in a decade and will likely be one of the world’s fastest-growing economies this year, according to the International Monetary Fund. Expanding the country’s industrial base, strengthening its financial sector and attracting foreign direct investment across sectors are among the main pillars of the overarching Vision 2030 programme. Labour market reforms, boosting employment and ease of doing business are among the other priorities for Riyadh.

Other factors such as the Chinese president Xi Jinping’s expected visit to Saudi Arabia, Thai Airways announced the re-launch of direct flights from Bangkok to Jeddah etc are an indication of the business opportunities provided in the KSA market.

With brands looking at KSA as their gateway in the Middle East, there is an expected influx of huge amount businesses looking to establish a commercial presence in Saudi Arabia. Sovereign PPG can share their expertise on business setup, company formation, visas etc in Saudi Arabia and explain what the law states:

• How to obtain a business license in Saudi Arabia?
• What are the pre-requisites to set up a business in Saudi Arabia?
• Is 100% ownership allowed?
• is the process to set up a business in KSA?
• Business opportunities in Saudi Arabia

Sovereign Group is a global leading provider of company incorporation, corporate governance, and secretarial services in the Middle East, Africa, Asia, Caribbean and Europe. The group’s spokespersons are available to share insights on the topic.