All Middle East markets

Saudi Arabia

The region's largest economy, transforming under Vision 2030 — from giga-projects and tourism to mining and digital finance.

Population
≈34 million (2024)
GDP (nominal)
≈US$1.1 trillion (2024)
Real growth
1.3% (2024)
Capital
Riyadh
Currency
Saudi riyal (SAR)
Economy & outlook

Saudi Arabia

Oil remains the anchor, but the non-oil economy now drives growth — tourism, logistics, entertainment, mining and finance are all expanding under Vision 2030's giga-project pipeline (NEOM, Diriyah, the Red Sea).

The Ministry of Investment offers 100% foreign ownership in most sectors, Regional-HQ incentives and special economic zones; FDI is targeted to reach about 5.7% of GDP by 2030.

Focus sectors

Energy & petrochemicals · giga-projects & tourism · mining · digital & fintech

Global rankings

  • #17 of 69 — IMD World Competitiveness Ranking (2025)
  • #46 — Global Innovation Index, WIPO (2025)
  • #6 — UN E-Government Development Index (2024)
  • Top 10 — Kearney FDI Confidence Index (2026)
  • A+ — S&P sovereign credit rating (2025)

Rankings as published by each institution; positions change annually — verify before formal use.

IMD · WIPO GII · UN EGDI · Kearney · WB LPI · S&P

Visit the investment authority

Sources: World Bank · IMF · Ministry of Investment (MISA)

Kingdom Centre, Riyadh's landmark tower — Wikimedia Commons