The National Investment Strategy, a crucial aspect of Saudi Vision 2030, aims to support $3.3 trillion in investments. It plans to fund 40% through the Shareek program, 24% through PIF, 21% from local sources, and 14% from FDI.
Specifically:
1) $1 trillion will be invested across six key sectors, with 66% going to traditional sectors like upstream/downstream energy, transport/logistics, metals/mining, and 34% to ICT/digital transformation and renewable energy/EV sectors.
2) Around $900 billion will fund MEGA projects such as NEOM (57% of the total) and other tourism and entertainment ventures like the Red Sea Project, Jeddah, Qiddiya, and Diriyah.
3) $1.4 trillion hinges on the Shareek program, involving domestic private sector investments and PPPs, fostering interactions with SMEs and impacting value chains across various sectors of the economy.
Finding the right niche within Saudi Arabia’s economy is crucial for startups and entrepreneurs to thrive. Each sector mentioned requires innovative solutions to facilitate a transformative shift in approach, leapfrogging Saudi Arabia to compete globally. Startups offering such solutions hold the potential to reshape value chains across various sectors, introducing disruptive technologies and business models to enhance efficiency and create new market opportunities.
At Growth Vision Pro, we are committed to supporting startups and entrepreneurs throughout their journey, particularly those venturing into traditional sectors or representing technology startups. Whether it’s navigating the intricacies of the Saudi market, accessing funding opportunities, or forging strategic partnerships, our end-to-end support ensures that your business can capitalize on the vast potential of the GCC region. Together, we can drive innovation, foster economic development, and position your business for success in Saudi Arabia and beyond.
