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HSBC said most international businesses plan to expand trade and investment in Saudi Arabia as Vision 2030 advances, with eight in ten global firms intending to do so over the next five years. 
In its new report, “Global Connections: The Kingdom of Saudi Arabia,” HSBC noted that over 60% of surveyed companies aim to step up their Saudi operations within the next six months.
The bank said 53% of respondents cited Saudi Arabia’s economic growth as a key driver, followed by 48% highlighting economic stability and 37% pointing to the Kingdom’s pro-business policies.
Technology (58%) and infrastructure (38%) were identified as the sectors offering the strongest growth potential for companies considering increased investment.
Meanwhile, 31% of firms already active in Saudi Arabia said foreign ownership limits and market competition remain key barriers to expansion.
The survey gathered responses from 4,000 decision-makers at international companies with annual revenues of $50 million to $500 million, assessing the Kingdom’s evolving trade and investment links with eight major global markets.
Logo ofHSBC
HSBC said most international businesses plan to expand trade and investment in Saudi Arabia as Vision 2030 advances, with eight in ten global firms intending to do so over the next five years.
In its new report, “Global Connections: The Kingdom of Saudi Arabia,” HSBC noted that over 60% of surveyed companies aim to step up their Saudi operations within the next six months.
The bank said 53% of respondents cited Saudi Arabia’s economic growth as a key driver, followed by 48% highlighting economic stability and 37% pointing to the Kingdom’s pro-business policies.
Technology (58%) and infrastructure (38%) were identified as the sectors offering the strongest growth potential for companies considering increased investment.
Meanwhile, 31% of firms already active in Saudi Arabia said foreign ownership limits and market competition remain key barriers to expansion.
The survey gathered responses from 4,000 decision-makers at international companies with annual revenues of $50 million to $500 million, assessing the Kingdom’s evolving trade and investment links with eight major global markets.
