The Kingdom of Saudi Arabia is one of the largest economies in the Middle East with a population of over 32 million and GDP per capita around US $21,000. Saudi Arabia is the UK’s largest trading partner in the Middle East and there is strong demand for quality UK goods and services at the right price in a wide range of sectors. It accounts for approximately 25% of the Arab world’s Gross Domestic Product (GDP).
Major opportunities for trade and investment in Saudi Arabia include traditional sectors such as oil and gas, but also transportation, including rail, metro and airport; health, water and wastewater projects, nuclear energy, education, and mining. The UK is the Kingdom’s second largest cumulative investor, with over 200 joint ventures worth an estimated £11.5 billion. More and more UK firms are actively seeking to establish a physical presence in the Kingdom in order to gain a foothold in this high-growth market.
