Saudi Arabia`s mega projects generating employment


Saudi Arabia’s economic diversification has turned the Kingdom into a hub for employment opportunities.

Over the past five years the country has launched several massive construction projects, including Neom (which will feature The Line, Trojena, Oxagon and Sindalah), Al Ula Heritage Site, Red Sea Project, Amaala, Qiddiya, Ad Diriyah and King Salmon Park.

The huge developments are in line with the Kingdom’s Vision 2030 which aims to reduce Saudi Arabia’s dependence on oil and enhance the strength of the private sector.

The current construction boom will result in further job opportunities once completed and the Saudi government will continue to invest in additional infrastructure, tourism and transportation projects creating even more opportunities. The Kingdom will not only focus on mega projects but also expand its national 5G and IT capabilities, renewable energy and logistics sectors, while elevating technology including artificial intelligence.

A recent report released by the Ministry of Economy and Planning (MECP) earlier this month highlights the growth of job creation in Saudi Arabia. It noted that the unemployment rate for Saudi nationals reached 8.5 percent in the first quarter of 2023, down from 10.1 percent in the first quarter of 2022. Moreover, Saudi Arabia’s unemployment rate fell to an all time low of 8 percent in the fourth quarter of 2022.

According to the MECP the continuous decrease in unemployment among Saudis is linked to various factors, including government efforts to provide job opportunities for citizens, the introduction of innovative programmes and initiatives, as well as the role of the private sector in employment processes.

Business Start Up Saudi Arabia offers a network of experts and specialists within the lifecycle of a business. We can offer expertise in Market Research and Assessment Saudi, Saudi Business Case, Saudi Business Model Development, Feasibility Study and Business Plan Saudi, Organizational and Operational Structuring Saudi, Saudi Sponsorship and Partnership, Company Formation Saudi among others.

Please click on the link to learn more about opportunities and possibilities in Saudi Arabia as well as the initiatives of Business Start Up Saudi Arabia.

Other News

BSUS News 17 - Thumb

Saudi Arabia releases FDI statistics under new methodology

Saudi Arabia`s Ministry of Investment recently released updated statistics detailing foreign direct investment (FDI) into the Kingdom. The new methodology is preferred by the International Monetary Fund...

Read more
BSUS News 16 - Thumb

Saudi`s PIF announces voluntary compliance to aid transparency

Saudi Arabia`s Public Investment Fund (PIF) recently announced it would comply with the Global Investment Performance Standards (GIPS) from the Chartered Financial Analyst (CFA) Institute.

The sovereign...

Read more
BSUS News 15 - Thumb

Saudi Arabia to grant premium residency for regional HQ executives

Saudi Arabia’s Ministry of Investment is offering a premium residency to executives based at regional headquarters. The initiative is part of its ongoing efforts to enhance its business environment and...

Read more
BSUS News 14 - Thumb

Saudi fund to invest SAR 112million in Middle East startups

State owned Saudi Venture Capital (SVC) is investing SAR 112 million (USD 30 million) in a fund that will finance startups and growth-stage companies from Saudi Arabia and the Middle East.


Read more
BSUS News 13 - Thumb

Saudi and UK Ministers discuss trade and cultural co-operation

Saudi ministers recently discussed enhancing co-operation in trade and cultural sectors with their United Kingdom (UK) counterparts on the sidelines of the GCC Ministers of Trade and Industry meeting in...

Read more
BSUSA - Announcement - Thumb

BSUS Congratulates KSA on Saudi National Day 2023

Business StartUp Saudi Arabia would like to congratulate the Kingdom of Saudi Arabia and its people on the occasion of Saudi National Day 2023!

On this day in 1932, the Sultanate of Najd and the Kingdom...

Read more
BSUSA News 11 - Thumb

Saudi tourism revenues reach SAR 37 billion amid travel boom

Saudi Arabia recorded tourist revenue of SAR 37 billion (almost USD 10 billion) as the sector witnessed a massive surplus due to an unprecedented travel boom in the Kingdom.

According to figures released...

Read more
BSUS News 10 - Thumb

Saudi Arabia’s largest solar project receives SAR 8.3 billion

Saudi Arabia`s National Development Fund (NDF) recently announced its participation in financing the largest renewable energy project in the country.

The Shuaiba project is a partnership between Saudi...

Read more

Page Break