Which type of business is best in Saudi Arabia?
As a business owner, you are probably wondering which type of business is best suited for the Saudi Arabian market. This is a difficult question to answer, as the right business for one person may not be the right business for another. The prevailing economic environment is the most important thing to consider when deciding on a business type. Saudi Arabia has a strong and rapidly growing economy, with a Vision 2030 aim of a +6.8% nominal GDP CAGR until 2030; in this case, the total market cap would double to USD1.5tr by 2030, which implies a +9.4% p.a. This makes it an attractive market for business owners, as there is plenty of potential for growth in a wide range of industries. As the world’s largest oil producer in the world, Saudi Arabia is one of the most attractive business destinations for entrepreneurs. With an educated and highly skilled workforce, abundant resources, and a vibrant economy, Saudi Arabia is an attractive place to set up a business. However, th...