This research service provides a snapshot of the Saudi Arabian economy by examining the country’s growth conditions and key policies. Following a steep economic contraction in 2020 on account of the COVID-19 pandemic, Saudi Arabia recorded a rebound of around 8.7% in 2022. Robust growth in non-oil sectors such as manufacturing, transport, government services, and construction accelerated investments into giga projects, with the country’s economic transformation initiative being the main growth driver. Saudi Arabia’s Vision 2030 initiative and policies to reduce dependence on its oil sector indicate significant changes in the country’s economy. International factors, such as rapidly changing geopolitical scenarios and elevated inflation and interest rates, and domestic factors, such as the Saudization policies and growing public finances, will influence the growth trajectory of Saudi Arabia over the medium and long term. A significant part of the global economy, the country is expected to emerge as a diversified investment and employment generator over the next decade, with business reforms and widespread localization building capacity in sectors such as green energy, tourism, real estate, and automotive.
This study provides key insights into the country’s macroeconomic trends and industry prospects in the oil and non-oil sectors, including emerging growth areas. It offers an in-depth analysis of the Mega Trends influencing the country’s socioeconomic landscape and examines the impact of policy initiatives on different sectors. The study concludes by identifying industry-specific growth opportunities emerging from the changes in the country for market players and stakeholders to leverage.
Key Issues Addressed
- What are Saudi Arabia’s investment and growth prospects?
- How will Saudi Arabia’s growth prospects influence the domestic labor market and external trade sectors?
- What are the key growth drivers and growth areas for the Vision 2030 initiative?
- Which policy measures will drive major growth opportunities in Saudi Arabia? How can they be leveraged?
Why is it Increasingly Difficult to Grow?
The Strategic Imperative 8™
The Impact of the Top 3 Strategic Imperatives on Saudi Arabia’s Economy
Growth Opportunities Fuel the Growth Pipeline Engine™
Saudi Arabia’s Economic Environment—An Overview
Key Economic Metrics—Saudi Arabia
Growth Drivers—Saudi Arabia
Growth Restraints—Saudi Arabia
2030 GDP Growth Outlook
2030 Foreign Direct Investment (FDI) Outlook
2030 Labor Market Outlook
2030 Trade Environment
Vision 2030—Growth Drivers, Areas, and Impact Analysis
Vision 2030—Growth Drivers, Areas, and Impact Analysis (continued)
Vision 2030—Growth Drivers, Areas, and Impact Analysis (continued)
2030 Oil Sector Outlook
2030 Primary, Secondary, and Tertiary Sectors’ Outlook
Primary, Secondary, & Tertiary Sectors 2030 Macroeconomic Opportunities
Transport & Logistics—Key Projects & Policy Initiatives
Transport & Logistics—Industry Mega Trends
EVs—Key Projects & Policy Initiatives
EVs—Industry Mega Trends
Renewable Energy—Key Projects & Policy Initiatives
Renewable Energy—Industry Mega Trends
Tourism—Key Projects & Policy Initiatives
Tourism—Industry Mega Trends
Healthcare—Key Projects & Policy Initiatives
Healthcare—Industry Mega Trends
Growth Opportunity 1—2030 Carbon Neutrality Targets and Sustainability Policies to Accelerate Green Energy Transition
Growth Opportunity 1—2030 Carbon Neutrality Targets and Sustainability Policies to Accelerate Green Energy Transition (continued)
Growth Opportunity 2—Manufacturing Localization to Boost Multi-sector Growth
Growth Opportunity 2—Manufacturing Localization to Boost Multi-sector Growth (continued)
Growth Opportunity 3—Mega Projects and Favorable Demographics to Support Real Estate and Transport Infrastructure
Growth Opportunity 3—Mega Projects and Favorable Demographics to Support Real Estate and Transport Infrastructure (continued)
Growth Opportunity 4—Digitalization to Spur Multi-sectoral Transformation and Industry Competitiveness
Growth Opportunity 4—Digitalization to Spur Multi-sectoral Transformation and Industry Competitiveness (continued)
Growth Opportunity 5—Buoyant Consumer Spending and Rapidly Improving Connectivity to Bolster Tourism
Growth Opportunity 5—Buoyant Consumer Spending and Rapidly Improving Connectivity to Bolster Tourism (continued)
List of Exhibits
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Key Issues Addressed
- What are Saudi Arabia’s investment and growth prospects
- How will Saudi Arabia’s growth prospects influence the domestic labor market and external trade sectors
- What are the key growth drivers and growth areas for the Vision 2030 initiative
- Which policy measures will drive major growth opportunities in Saudi Arabia How can they be leveraged
| New Title | Socioeconomic Transformation And Growth Drivers Market – Growth Opportunities, Analysis, Forecast, South Asia, Middle East & North Africa,2030 |
|---|---|
| New Subtitle | Transformative Mega Trends In Green Energy, Manufacturing, And Digitalization Will Support Economic Diversification,Saudi Arabia Investment,Saudi Arabia Gdp Growth,Saudi Arabia'S Vision 2030 |
| Deliverable Type | Market Research |
| Author | Krishamonish Mistry |
| Industries | Cross Industries |
| No Index | No |
| Is Prebook | No |
| Keyword 1 | Saudi Arabia Investment |
| Keyword 2 | Saudi Arabia Gdp Growth |
| Keyword 3 | Saudi Arabia'S Vision 2030 |
| Podcast | No |
| WIP Number | 9AE5-00-45-00-00 |
Saudi Arabia—Socioeconomic Transformation and Growth Drivers, 2030
Transformative Mega Trends In Green Energy, Manufacturing, And Digitalization Will Support Economic Diversification,Saudi Arabia Investment,Saudi Arabia Gdp Growth,Saudi Arabia'S Vision 2030
28-Apr-2023
South Asia, Middle East & North Africa
Market Research