GCC Companies Enter Saudi Arabia To Tap US$3 Trillion Business Opportunities Being Created By Foreign Investment

  • Date: 10-Feb-2024
  • Source: AM Marketing, Media, Advertising News in MENA
  • Sector:Real Estate
  • Country:Saudi Arabia
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GCC Companies Enter Saudi Arabia To Tap US$3 Trillion Business Opportunities Being Created By Foreign Investment

Companies in the GCC countries are expanding in Saudi Arabia to tap the massive opportunities being created by US$3 trillion worth of foreign investment entering the Kingdom as part of the Saudi Vision 2030, by either setting up a totally new business license or opening… Read More

The post GCC Companies Enter Saudi Arabia To Tap US$3 Trillion Business Opportunities Being Created By Foreign Investment appeared first on AM Marketing, Media, Advertising News in MENA.

Companies in the GCC countries are expanding in Saudi Arabia to tap the massive opportunities being created by US$3 trillion worth of foreign investment entering the Kingdom as part of the Saudi Vision 2030, by either setting up a totally new business license or opening up a branch, as the country undergoes massive development works.

As many as 88,858 new business licenses were issued by Saudi Government authorities in the first quarter of 2023, according to Small and Medium Enterprises General Authority, also known as Monsha’at. More than 40,000 new companies were added to this in the third quarter. With this, the total number of small and medium enterprises (SMEs) exceeded 1.27 million in the third quarter of 2023.

The Saudi Arabian Government seeks to attract US$3 trillion in