As a part of a broader push to cut its economic dependence on the oil sector, the Kingdom of Saudi Arabia is planning to open up its doors to international tourists by launching a visa regime for 49 countries.
The Saudisation rules related to expats employment have seen hundreds of thousands of legal foreign workers leave the country in recent years.
Saudi Arabia’s pharmaceutical market, the largest market in the GCC region, is expected to grow at 5.5% CAGR until 2023 to reach USD 10.74 billion.
By the end of 2023, the electrical market’s value in Saudi Arabia is projected to reach US$10.8 billion and will continue growing to exceed more than US$11 billion by 2024.
One of these grand projects called Neom Project became the centerpiece of the country’s Vision 2030.