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With a strong government focus on improving the healthcare sector in the nation, healthcare is currently one of the most important industries in the Kingdom of Saudi Arabia.

Through collaboration between health sector entities, VRPs and relevant government entities, the goal is to create a comprehensive, effective, and integrated health system, based on the principle of value-based care and a focus on disease prevention and improving access to health services through digital solutions.

For 2022 alone, the KSA defense budget was in excess of US $12 billion, making it one of the largest defense spenders in the world. And this is a market that will only continue to grow – particularly with the implementation and subsequent expansion of the KSA’s Vision 2030.

With our local content expertise, active engagement with local players and potential partners, and a thorough commitment to helping you build on your goals in line with KSA’s Vision 2030, we at LocalEyes provide services and required expertise for all your business needs.

The Industrial sector in the Kingdom of Saudi Arabia is growing at an ever-increasing rate, driving economic growth for the nation and providing productive employment for citizens across the country.

With increasing numbers of new industries either being established or new entities operating their industrial businesses, the Industrial sector in the KSA has shown considerable growth and future potential. As a key contributor to GDP growth, the Industries sector in Saudi Arabia is slated to grow at high percentage rates year-on-year, and this is expected to be sustained over the next decade or more.

Along with the other member nations of the Organization of the Petroleum Exporting Countries (OPEC), the Kingdom of Saudi Arabia has long been a major part of what is seen as the world’s mainstay for petrochemical resources. Of the world’s proven oil resources, over 80% comes from the OPEC nations – and the KSA is the leading producer of crude oil out of OPEC.

This means that the petrochemical industry is the mainstay of the Saudi economy, and this has been reflected in the way the Kingdom has done business in the area of Energy and Petrochemicals for decades now.

In recent years, along with the rest of the world, the Kingdom of Saudi Arabia has paid special heed to the Capability-Building and Education sector in the nation.

With rapid industrialization and expansion of the economy, there has been a vast increase in the need for a skilled and educated workforce – and the KSA government’s outlook on this has ensured that Education is treated as one of the single most important sectors to develop. Nothing reflects this more than the fact that the Education sector in the KSA has received the highest proportion of government spending in the entire economy.

Information Technology forms a large part of the national economy for most major nations worldwide today as it forms the backbone of the digital economy.

And while most of its traditional industries have focused on other industrial sectors, the Technology sector in the country has seen significant growth over the past few years as well. Technology development and deployment in the KSA market has largely been in support of other industries, but it is increasingly showing greater promise as a destination for growth and development of Technology industries as a significant part of the national economy.