Invest in Jeddah
Investing in Jeddah’s growth presents a promising future for businesses in Saudi Arabia, thanks to its strategic location, thriving commercial activities, and the country’s ambitious Vision 2030.
Jeddah’s robust infrastructure and diverse economy, particularly in sectors like technology, healthcare, and real estate, make it an attractive location for businesses. Saudi Arabia’s commitment to attracting foreign investment and supporting entrepreneurship further enhances Jeddah’s appeal as a hub for commercial growth.
A more detailed description is given below:
- Strategic Location: Jeddah’s location on the western coast of Saudi Arabia, with its proximity to the Red Sea and the Gulf, provides a significant advantage for trade and logistics. Its advantageous location further broadens its business reach by providing easy access to Europe, Asia, and Africa.
- Commercial Activities: Jeddah has experienced a significant surge in commercial activities, making it a prime location for registering a company and contributing to the Saudi economy. The city’s bustling Jeddah Islamic Port plays a crucial role in import and export activities, supporting the nation’s economic diversification strategy.
- Diverse Economy: Jeddah boasts a diverse economy, offering promising growth prospects in sectors such as technology, healthcare, and real estate. These sectors have attracted significant investments and are poised for further expansion, especially with the government’s support for entrepreneurship.
- Vision 2030: Jeddah plays a pivotal role in 2030 vision, with significant projects such as the Red Sea Project and NEOM significantly contributing to the city’s growth and development.
- Investment-Friendly Environment: Saudi Arabia has implemented policies to attract foreign investment, including allowing 100% foreign ownership in many sectors, streamlining licensing processes, and offering tax incentives. These policies make investment in Jeddah even more alluring.
- Growing Sectors: Several sectors in Saudi Arabia are experiencing significant growth, including construction, tourism, ICT, sports, and food & beverage. These sectors offer promising opportunities for businesses looking to expand their operations in Saudi Arabia.
- Public Investment Fund (PIF): By directing strategic money into important industries like entertainment, leisure, and sports, the PIF contributes significantly to economic growth and diversification and enhances Jeddah’s business activity.
Jeddah 29 new investment projects
The industrial city of Saudi Arabia, Jeddah, has launched 29 new investment projects across various sectors, including real estate, commercial ventures, and entertainment. These projects aim to enhance urban development, attract private investment, and diversify the Saudi economy, aligning with Saudi Arabia’s Vision 2030. A more detailed breakdown is as follows:
- Real Estate: The projects include 13 commercial ventures, such as retail centres, two container parks, eight worker housing compounds, and public parks with amenities like kindergartens and shops.
- Commercial: The investment package also offers opportunities to develop and operate retail shops and commercial complexes across various districts.
- Entertainment: The General Entertainment Authority (GEA) has announced 29 new investment opportunities in the entertainment sector, including mountain adventure parks, general amusement parks, and virtual reality-based entertainment parks.
- Other projects include a barley milling plant, a food truck zone, and a health college.
Jeddah is experiencing significant business growth, particularly in the construction, commercial real estate, and tourism sectors. Saudi Vision 2030 is the major driving force behind this expansion, which seeks to diversify the Saudi economy and position Jeddah as a global centre for a range of industries.
Key areas of business growth in Jeddah:
- Construction: With a compound annual growth rate (CAGR) of 5.83%, the Jeddah construction market is expected to reach USD 3.50 billion by 2030.
- Commercial Real Estate: At a compound annual growth rate (CAGR) of 9.88%, the commercial real estate industry is projected to reach USD 3.98 billion by 2030.
- Tourism: Jeddah is a major tourism destination, benefiting from religious tourism (Hajj and Umrah) as well as growing leisure and business travel. The Jeddah Central Project aims to enhance the city’s appeal as a world-class destination.
- Other sectors: Jeddah’s diversified economy, including transportation, logistics, education, healthcare, finance, and retail. Saudi Vision 2030 also promotes growth in non-oil sectors, such as technology and finance.
- Jeddah Central Project: This large-scale development is designed to create a vibrant economic, cultural, and entertainment hub, attracting residents and visitors as described on the Jeddah Central Development website.
How can the Helpline Group in Saudi Arabia be of assistance?
Supported by a capable and seasoned staff, Helpline Group offers clients—including foreigners—a smooth and hassle-free experience with over 25 years of experience in business expansion in Jeddah, Saudi Arabia’s industrial centre.
We assist foreign investors in investing in businesses, thereby creating numerous opportunities for both local and foreign investors in Saudi Arabia.
With a global presence and a tailored approach, we ensure that your business setup is handled with precision and professionalism, making us your reliable ally in achieving success.
