Doing business in Saudi Arabia and NEOM

Saudi Arabia is one of the UK’s major trading partners in the Middle East, and its Vision 2030 plan to help it diversify away from dependence on oil includes major building projects. So is the kingdom a good place for UK construction firms to do business? In general terms and subject to regional stability, the picture is positive.  There are a variety of other impressive projects in the pipeline, including the Riyadh Metro, medical facilities, and solar and wind projects.

The World Bank’s 2020 Doing Business analysis ranks Saudi Arabia at 62 overall (of 190 countries) for ease of doing business, but at 28 for dealing with construction permits and 38 for starting a business, and it comes third for protecting minority investors.

Read the full story at Saudi Gazette


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