Global Businesses Eye Growth: Insights from HSBC's New Networks of Capital - Saudi Arabia
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Uncovering growth: Insights from HSBC's New Networks of Capital - Saudi Arabia

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Saudi Arabia is rapidly becoming a focal point for international trade and investment, driven by its ambitious Vision 2030 plan. As global businesses look to expand their horizons, the Kingdom offers a unique blend of growth potential and economic stability.

HSBC's recent research highlights that 8 out of 10 international businesses plan to increase trade and investment with Saudi Arabia over the next five years, with more than 60% eager to do so within the next six months. This confidence is underpinned by Saudi Arabia's growing economy, cited by 53% of surveyed business leaders, alongside its economic stability and business-friendly policies.

8 in 10
Proportion of businesses planning to increase trade and investment with Saudi Arabia over the next five years

The Kingdom's diversification efforts are opening doors in sectors like technology and infrastructure, identified by 58% and 38% of business leaders respectively as areas with significant growth potential. Despite the promising outlook, businesses face barriers such as foreign ownership restrictions and market competition, each cited by 31% of respondents. However, Saudi Arabia is actively considering amendments to laws governing foreign ownership to enhance foreign direct investment, creating a more business-friendly environment.

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Selim Kervanci

Chief Executive Officer, HSBC Bank Middle East

HSBC sees incredible potential in the Middle East, and Saudi Arabia is central to that view. Our research indicates increased confidence from international businesses in Saudi Arabia’s economic transformation and highlights the Kingdom’s unique ability to combine heightened growth prospects with economic stability.

As Saudi Arabia continues to transform its economy, global businesses have a unique opportunity to participate in this growth journey. By aligning with Vision 2030, companies can unlock new avenues for trade and investment.

Explore HSBC’s comprehensive analysis by downloading the full report, where you'll find valuable data-driven insights.

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