Even though there are parts of the Middle East and North Africa which have registered a certain degree of political turmoil since the beginning of 2011, Saudi Arabia has kept its stability and foreign entrepreneurs continue to consider it an attractive place to do business in. In this article, our company formation agents in Saudi Arabia explain which the most attractive investment industries in Saudi Arabia are. We can also assist entrepreneurs who want to know how to open a company in Saudi Arabia.
The most developed industries in Saudi Arabia
The industries in Saudi Arabia have greatly developed in the last four decades. The operating unit numbers in this country have grown from 206 in 1974 to 7,741 in 2016.
At the same time, the invested capital rose from almost SR 4.3 billion in 1974 to in excess of SR 1.1 trillion in 2016.
Also, the number of employees has grown from approximately 10,000 in 1974 to more than 1 million in 2016.
Our company registration consultants in Saudi Arabia can help you set up a business in the Kingdom.
The non-metallic mineral industry in the Kingdom is the most developed one when it comes to the industrial unit numbers, with 1,623 factories. This represents 21% of the entire operating plants.
The plastic manufacturing, chemicals and chemical products are also extremely developed here, registering around SR 532 billion in total finances, which is 50% of the entire finances of the local operating plants.
The manufacturing of Coke and refined petroleum products industries, with SR 123 billion, represent 12% of the entire investment of the local operating facilities, as well.
You can also rely on us if you want to apply for a residence permit in Saudi Arabia or Iqama. You can send us the documents to be filed with the immigration authorities, so that you can obtain your permit as soon as possible, especially if you come from a country that requires an entry visa. Rely on our lawyers for tailored services.
Other profitable industries in Saudi Arabia
Entrepreneurs in the Kingdom can take advantage of well-developed business clusters and value chains which make the country a profitable one for investments.
The local industries in Saudi Arabia, from oil to healthcare and mining, offer industrial projects with amazing opportunities for investors.
The other profitable industries in Saudi Arabia our Saudi Arabia company formation advisors believe are worth mentioning here are the energy, the education, the defense and security, the construction, the healthcare and so on.
If you require additional information on the investment opportunities in Saudi Arabia, or for setting up a company in Saudi Arabia, please do not hesitate to contact us.