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Market Sectors | an Overview

Diversification of the economy in Saudi Arabia: sectors to watch

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Saudi Arabia is currently undergoing a huge transformation. The Kingdom of Saudi Arabia is one of the world's leading petrochemical producers. Regardless of this, the Kingdom is working to diversify its economic structures - from an oil-dependent economy to a diversified and innovative market.

Driven by Vision 2030, the Kingdom is investing heavily in various non-oil sectors and positioning itself as a hub for innovation, sustainability and global trade.

Key sectors driving economic diversification

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Health Sector

The focus is on the development of service providers and the expansion of a competitive and efficient healthcare system. Hospitals are under construction and new institutional frameworks are being created. These developments offer a wide range of opportunities for healthcare technology providers, healthcare consultants and project planners to help build the new infrastructure.

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Entertainment sector in Saudi Arabia | Overview

In line with its Vision 2030, Saudi Arabia strives to nurture the quality of life of Saudi citizens through cultural, entertainment, sports, tourism, and urban activities.

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Mining Sector in Saudi Arabia

Mining is an up-and-coming sector in the Saudi economy and is becoming increasingly important, particularly as the country endeavors to reduce its dependence on oil and gas.

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Construction and Infrastructure Sector in Saudi Arabia

Fueled by the aim of Vision 2030 to diversify the economy and reduce dependence on oil, Saudi Arabia's construction and infrastructure sector is booming.

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Energy sector in Saudi Arabia and Bahrain

Saudi Arabia is one of the largest producers and exporters of oil and natural gas in the world, which makes the energy sector a central economic driver. Bahrain is a small but energy-intensive country that focuses on oil and gas exports to boost its economy.

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Transport and Logistics Sector in Saudi Arabia

The transport and logistics sector in Saudi Arabia is a growing sector of the country's economy. In alignment with Vision 2030, the country strives to become a global logistic hub, allowing for the logistic sector to become a meaningful contributor to the Gross Domestic Product (GDP).

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Petrochemical industry Saudi Arabia

Saudi Arabia is one of the world's leading petrochemical producers, accounting for about 7% of global supply. The industry has experienced significant growth, with the Kingdom being the dominant exporter of petrochemical resources.

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Circular Economy in Bahrain and Saudi Arabia

With their Vision 2030, the Kingdoms of Bahrain and Saudi Arabia are aiming to develop a circular economy.

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Automotive Industry in the Region

Electric vehicles in the automotive industry are still uncommon in Saudi Arabia with a current total vehicle penetration in Saudi Arabia of less than 1%. As part of the ambitious 2030 reform project, the sustainable electric vehicle industry is forming a basis for both public transportation and construction with a target increase of up to 30% in shares of electric vehicles.

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