Do you want to start a business in Saudi Arabia but you lack ideas? If Yes, here are 50 best small business ideas & investment opportunities in Saudi Arabia.
Saudi Arabia is a Middle East country in Asia continent and Riyadh is the capital of Saudi Arabia and also the largest city in the Kingdom. Saudi Arabia was founded on 23 September 1932 and they got admitted to the United Nations on 24 October 1945. The official language of Saudi Arabia is Arabic, their religion is Islam (Sunni) and the country has a population of about 33 million (2018 estimate) with a GDP (PPP) of $1.845 trillion, and Per capita of $55,859.
Saudi Arabia’s geography is dominated by the Arabian Desert, associated semi-desert and shrubland and several mountain ranges and highlands. Aside from Riyadh, other large cities are Jeddah, Mecca (The most visited pilgrimage city in the world), Medina, Qatif and Jubail et al.
Why Start a Business in Saudi Arabia?
Statistics shows that as of October 2018, Saudi Arabia is the largest economy in the whole of the Middle East and the 18th largest in the world. Saudi Arabia has the world’s second-largest proven petroleum reserve and the country is the largest exporter of petroleum. It also has the fifth-largest proven natural gas reserve. It is strongly dependent on foreign workers with about 80 percent of those employed in the private sector being non-Saudi.
The oil industry constitutes about 45 percent of Saudi Arabia’s nominal gross domestic product, as against 40 percent from the private sector. Saudi Arabia officially has about 260 billion barrels (4.1×1010 m3) of oil reserves, comprising about one-fifth of the world’s proven total petroleum reserves.
When it comes to the ease of doing business, Saudi Arabia is ranked 92 among 190 economies of the world according to World Bank rating but that does not mean that the country is not business friendly to investors, but you must be ready to meet the very strict rules and regulations of the country especially if you are a foreign investor.
Having said that, if you are interested in doing business in Saudi Arabia, here are 50 best business opportunities you can choose from:
50 Best Small Business Investment Opportunities in Saudi Arabia
If you have robust experience in Human Resources and you are looking towards starting a business in Saudi Arabia, you best bet is to launch your own recruitment consultancy services; it is a good and profitable business to run in the Saudi Arabia especially if you are qualified and know how to network with professionals from outside Saudi Arabia.
Basically, recruitment consultancy firms are responsible for helping organization recruit staff to fill vacant positions in their organization and also help applicants / those in between jobs secure employment. You can also help in training the employees to fit into the role that they are being recruited for.
- Start Travel and Tourism Consulting Business
Travel and tourism consulting business is yet another thriving and profitable business that can be started in Saudi Arabia, due to the fact that Saudi Arabia is one of the countries of the world that welcome the highest numbers of tourists yearly.
Travel agencies render services that covers all aspect of traveling. They help their clients in securing visas (especially transit visas), purchase flight tickets, book hotels, book taxi cabs and bus shuttle services and of course make arrangement for sight seeing amongst others.
They work in conjunction with service providers such as airline companies, car rental companies, cruise lines, hotels, railways, tourist sites managers and perhaps interpreters and security agencies.
Opening a restaurant is yet another business opportunity that can be started in Saudi Arabia. If you looking towards opening a restaurant in Saudi Arabia, especially in cities that welcomes a huge number of tourists, then you should go beyond only serving local delicacies in your restaurant but also intercontinental delicacies.
Please note that serving alcohol is forbidden in Saudi Arabia hence you should not contemplate serving alcohol in your restaurant especially as a foreigner who might not be aware of what is obtainable in the country.
- Hotel and Lodge (Motel, Inn et al)
Saudi Arabia welcomes visitors regularly and of course, it is a must for visitors to look for places to lodge when they visit any town. So, hotel and lodge is another thriving business that can be started in Saudi Arabia. As a matter of fact, before tourists visit a tourist town, part of their findings will be how to locate the nearest hotel and lodge. The truth is that if a tourist town lacks standard hotels and lodge, they are likely to attract fewer visitors (tourists).
- Taxi and Bus Shuttle Business
Taxi and bus shuttle business is another fantastic business opportunity that can be started in Saudi Arabia. With the rate at which tourists travel to Saudi Arabia, they would want to move from place to place, hence the need for a bus shuttle service.
The bus shuttle could also help transport tourists on arrival from the airport to their hotels and also from their hotels to the airports on their departure. Taxi is also ideal for couples, an individual or a group of 3 or 4 persons who want to move around in the country.
- Start Language Translation Service
Language translation services is yet another thriving and profitable business that an entrepreneur can start in Saudi Arabia. All that is required to successfully launch this type of business is to ensure that aside from Arabic which is the official language of Saudi Arabia, you can speak at least one or more foreign languages; it could be English, French, Spanish, Chinese, Portuguese or German etc.
So, if you are looking towards starting a small – scale business in Saudi Arabia, then you should consider starting a language translation service. One good thing about this type of business is that you can successfully start it with little or no startup capital.
- Open a Hookah Bar
If you are looking for a thriving business to start in Saudi Arabia, then one of your options is to open a hookah bar. The hookah bar / lounge which is also known as a shisha bar or den is an establishment where patrons share shisha from a communal hookah or nargile which is placed at each table. This is a location where tobacco smokers can purchase and smoke tobacco and cigars freely without the fear of breaking the law of a country or city.
- Start a Construction Company
One major business opportunity that an investor who is interested in starting a business in Saudi Arabia should consider is a construction company. Please note that Starting a construction business is capital intensive because of the heavy – duty equipment that are required to carry out projects and also the cost of managing a large workforce.
Despite the fact that the construction industry requires huge startup capital, the industry is highly profitable especially if you have the expertise and capacity to deliver quality the jobs. The major clients for construction companies are governments and the private sector.
- Start a Solar Energy Company
Starting a solar energy company in Saudi Arabia is no doubt one of the ideal businesses to start in the country, because Saudi Arabia has high intensity of sun annually. Solar energy has become one of the most reliable sources of power supply especially in the operation of lifts in commercial buildings.
The market for solar energy is increasing and it is still open for new investors to come in. In as much as the market for solar energy is growing, you must adopt a workable marketing strategy to be able to make good sales. You can go into contract agreements with those who manufacture products that use solar (panels) energy so that you can be in charge of supplying solar panels to them.
You can also make more sales if you work with your customers to produce customized solar panels that can suit their purposes. There are regions where solar energy sells like wild fire and you can only discover these regions if you carry out proper research.
- Start a Bakery Business
Another simple but profitable business idea that can be started in Saudi Arabia is a bakery business. Bread and all flour – based food are generally consumed by almost everybody on our planet as such, anyone who chooses to establish a bakery in Saudi Arabia is sure going to get good returns on his or her investment. Aside from bread which seems to be the face of the bakery industry, cake is also one of the products that is doing pretty well in the market.
- Open a Car Accessories Store
Opening a car accessories store is yet another good business opportunity that an entrepreneur should consider starting in Saudi Arabia. Car accessories stores/shops retail new and used automotive parts and car accessories, repair automobiles and install automotive accessories.
It is important to note that car accessories and auto spare parts business cannot go out of fashion because of the role it plays in the auto industry. Depending on the scale you want to start, the startup capital for this type of business can be considered to be moderate.
- Start a Chemical Production Company
If you are looking towards starting a business in Saudi Arabia, you should consider starting your own chemical production company. Chemicals, both organic and inorganic are major raw materials in many manufacturing companies; there are loads of products and manufacturing plants that depend on different types of chemicals.
It is important to state that the chemical industry is a very delicate industry hence proper training is required if you want to start a chemical production company. As a matter of fact, you would need chemical handling permits and other relevant permits from the authority in Saudi Arabia before you can be legally allowed to go into the production of chemicals.
- Start a Cleaning Business
Saudi Arabia happens to be one of the countries where the cleaning industry is booming. As an aspiring entrepreneur who is ready to build a business that will survive the future, then you should consider starting your own cleaning business.
This type of business can be started by anybody as long as you have eyes for details and cleanliness. If you have experience in this regard, it will be easier for you to start and effectively run a cleaning services business in Saudi Arabia.
- Start a Maid Recruitment Service
In Saudi Arabia, maids especially from Africa and other Asian countries are in high demand, and clients are willing to pay more to get trusted maids. You are expected to carry out a research on the maids before hiring, so as to get the best.
Your research would also enable you to know where to get maids and how to locate those in need of their services. Please note that when recruiting maids, it is very important that you aren’t tempted to recruit under aged ones. It could be cheaper and easier, but you might get jailed for breaking the laws that protect the under aged. Make sure you recruit maids that can read and write, are neat, matured and willing to work.
- Open a Garment Factory
A garment factory is one of the many businesses that can be started in Saudi Arabia and the owner of the business can still penetrate the world market. Just ensure that you produce clothes that are predominantly worn in Saudi Arabia and Middle East countries.
The bottom line is that there is always a ready market for manufacturers of clothes. All a designer needs to do is to ensure that he or she carves a niche for his business and they work hard to build their brand name to be accepted beyond their city of operation.
- Start a Cold Storage Unit Business
If you live in Saudi Arabia and you are interested in owning a business portfolio in the country and you have not made up your mind on what kind of business to engage in, then you should consider starting your own cold storage unit business. Cold storage business basically operates refrigerated warehousing and storage facilities. They also operate temperature-controlled services such as blast freezing and tempering.
- Start a Courier Delivery Company
Another thriving business opportunity that an investor who is consider starting a business in Saudi Arabia should consider is a courier delivery. Courier delivery companies provide air, land, sea or combined express courier delivery services of parcels, documents and packages for individual and corporate clients.
Courier delivery companies generally provide services between metropolitan areas or urban centers and form a network that includes local, national and international pickup and delivery to serve customers’ needs.
- Start Oil Tank Farm Business
If you want to leverage on the oil and gas industry in Saudi Arabia, one of the businesses you can choose to start is an oil tank farm business; a business that stores and supply motor gasoline, distillate fuel oil, hydrocarbon gas liquids, jet fuel, asphalt, road oil and crude oil to dealers.
Please note that the relative geographic spread of industry establishments in Saudi Arabia is dependent on the regional demand for and supply of crude oil and petroleum products.
Areas of high population and substantial economic activity demand more crude oil and petroleum products. Areas with many highly-trafficked airports conversely demand large quantities of jet fuel. So, ensure you target these areas when shopping for a location to locate your oil tank farm.
- Start Crude Oil Shipping Company
If you are conversant with the oil and gas industry in Saudi Arabia, you will know that it is safer and economical to transport crude oil from an oil field to a refinery especially if the locations are far apart.
So, if you are a big-time investor and you are looking towards starting a business in Saudi Arabia, then one of your options is to start a crude oil shipping company. Of course, this type of business is capital intensive but the truth remains that it is a money-spinning business.
you become a player in this industry, you would need to acquire licenses and permits from the required authority in Saudi Arabia before you can be allowed to start lifting crude oil. It is an industry that is regulated because of the activities of pirates and crude oil bunkers.
- Start Petroleum Products Haulage Company
Another thriving and profitable business venture that an investor should consider starting in Saudi Arabia is a petroleum products haulage company. Petroleum products haulage companies are involved in transporting petroleum products such as premium motor spirit (petrol / fuel), kerosene and diesel from a refinery, seaport, and oil tank farms et al to various filling stations scattered across the country.
All you need to get this type of business started are fleets of oil tankers, tanker drivers, the required permits and business licenses et al. No doubt this type of business is capital intensive, but it is also very lucrative and Saudi Arabia happens to be one of the highest producers of crude oil in the world.
- Start an Oil Spillage Cleaning Company
In Saudi Arabia and in other countries of the world where oil is drilled in the deep sea, there is the likelihood of oil spillages hence the need for professional oil spillage cleaning services. So, if you are looking for a business to start in Saudi Arabia, then one of your options is to start an oil spillage cleaning company.
This type of business requires professionalism of the highest order because of the risk involved in such cleaning services. No doubt if you are able to secure just one oil spillage cleaning contract in Saudi Arabia, you are sure of making profits in the range of millions of dollars.
- Start a Lubricant Production Company
Another highly profitable and thriving business that an investor should consider starting in Saudi Arabia is a lubricant production company. There is a large market for lubricants and it is a business that is open to entrepreneurs who are ready to compete in the industry.
So, if you are serious about making money from the thriving oil and gas industry in Saudi Arabia, then you should consider starting a lubricant production business. Just ensure that you come up with products with good quality and packaging.
- Start a Natural Gas Marketing Company
You can apply for a license to become a natural gas accredited independent marketer in Saudi Arabia. Over time, natural gas marketers have become an important component in this industry because of the role they play.
They could serve as the middle man between the producer and the direct end users or between the producers and retailers or other distribution companies. One good thing about marketing natural gas is that the price is no longer regulated as it used to be, the price is actually set by available market forces like demand and supply.
Just ensure that you know all the options available to you as a natural gas marketer so you can choose your niche; you could choose to start as a major nationally integrated marketer, a broker, a producer marketer, an Aggregator or a Small geographically focused marketer. The choice is yours.
- Open a Souvenir Shop
Opening a souvenir shop is yet another small – scale business idea that can be started in Saudi Arabia. Trust me, this type of business is highly profitable in any tourist town. Loads of visitors would prefer to buy local crafts, unique gifts or native wears, et al from a tourist town as a mark of remembrance. Just ensure that your souvenir shop is well located and looks attractive and you won’t have to worry about patronage.
- Start Diamond Cutting and Polishing Business
Another interesting business opportunity that will be highly suitable to launch in Saudi Arabia is diamond cutting and polishing business. Operators in the Diamond Cutting and Polishing industry change diamond from a rough stone into a faceted gem.
Cutting and polishing diamond requires specialized knowledge, tools, equipment, and of course techniques because of its extreme difficulty. Trust me, this type of business will sure attract clients, investors and partners who visit Saudi Arabia.
- Start Luggage Delivery Services
Another small – scale business that can be started in Saudi Arabia is luggage delivery services. Luggage delivery business is all about helping travelers avoid the hassles of baggage waiting and security checks. As a matter of fact, luggage delivery services go the extra mile to provide luggage for their customers.
All the customer needs to do is just to pack their belongings inside a luggage. What the luggage delivery company does is to take and store the luggage on their behalf. The also help in encoding the contents online so that the owner can update its contents against another trip.
- Start Pipe Laying and Maintenance Company
Pipes laying and maintenance is yet another thriving and profitable business that can be started in Saudi Arabia. Pipes are one of the major means of transporting petroleum products and gas from one location to another in Saudi Arabia.
This goes to show that there is a huge market for pipe laying and maintenance services in Saudi Arabia. So, if you are looking for a business to start in Saudi Arabia, then one of your options is to start a pipe laying and maintenance company.
- Start a Petrochemical Refining Plant
Another business that an investor who is looking towards earning money from the business value chain of the oil and gas industry in Saudi Arabia should consider starting is a petrochemical refining plant. There are loads of by – products from the refining of crude oil that are highly marketable.
Petrochemicals such as Benzene, Ethylene, Ammonia, Toluene, et al are used for various purposes hence there is a large market for petrochemical products. So, if you are looking for a business to start in Saudi Arabia, then one of your options is to open a petrochemical refining plant around the oil and gas producing region in the country.
- Start a Biodegradable Plastic Bag Manufacturing Company
Starting a biodegradable plastic bag manufacturing business is yet another good business idea to start in Saudi Arabia. The retailing industry has fully embraced the use of biodegradable plastic bags due to the fact that the world is going the way of climate change.
This goes to show that there is indeed a very large market for biodegradable plastic bags in our world; hence loads of investors are pitching their tent in the biodegradable plastic bag manufacturing industry.
- Start CCTV Security Camera Installation Business
Another small – scale but profitable business venture that can be started in Saudi Arabia is CCTV security camera installation business. You will notice that almost all banks and a good percentage of hospitals, homes, offices, public facilities and government facilities have security cameras (CCTV), because in some cases it is made compulsory.
This goes to show that there is indeed a large market for security camera installation business. Despite the fact that security camera installation is a technical business, that does not in any way rule out the fact that an entrepreneur with zero technical skills can learn the trade within few months if they are smart.
- Start Commercial Drone Delivery Company
A commercial drone delivery company is yet another business idea that an investor should consider starting in Saudi Arabia. Commercial drone delivery business is one of the many businesses that emerged with the advent of new technology.
A commercial drone delivery business involves helping your clients deliver their packages or goods via drones to any destination of their choice. With this type of business, you can choose to own a store (online or offline) if you have the financial capacity to or you can choose to operate without a store. The bottom line is that you should know how to get goods delivered to your customers via drones.
- Start a Driving School
Recently in Saudi Arabia, women have been given the go ahead to start driving. This goes to show that driving school business will become one of the booming businesses in Saudi Arabia. Driving school business generally is a competitive business because it is not difficult to start.
The first thing to consider before launching this business is to know how to secure the licenses and permits needed to successful run this type of business in Saudi Arabia, the road network in your chosen location, the ideal insurance and the type of cars needed to run this type of business
- Start a Grocery Home Delivery Business
Another good business that can be started in Saudi Arabia is a grocery home delivery business. A grocery home delivery business involves helping your clients shop groceries and get it delivered to them in their homes.
With this type of business, you can choose to own a store if you have the financial capacity to, or you can choose to operate without a store. The bottom line is that you should know how to source for groceries and how to get them delivered to your customers.
Getting the right products that people want to buy and good stock keeping records are the secrets of running a grocery home delivery business. A grocery home delivery business can be run offline from a conventional retail store or online on an online e-commerce retail site.
- Start a Home Remodeling Company
Saudi Arabia is one country where home remodeling services is in high demand. If you are looking towards starting a business in Saudi Arabia, then you should consider starting a home delivery business. A home remodeling company engages in the remodeling and renovating the interior and exterior of residential buildings (i.e. single-family homes and multifamily apartment building units). Remodeling consist of additions, alterations, reconstruction, maintenance and repair work.
- Start Immigration Consulting Firm
If you are a lawyer or someone who has background in immigration matters, and you intend starting your business in Saudi Arabia, then you should consider starting your own immigration consulting firm.
There are many migrants who are trapped simply because they don’t know who to talk to when they have immigration issues that is why it is important to set up your own immigration attorney agency. Being an immigration consultant or attorney means that you will help your clients handle all their immigration concerns.
- Open a Jewelry Repair Shop
Jewelry repair business provides watch and jewelry repair services, including sizing, polishing amongst other related services. This business is a thriving one because one out of two persons that you come across in Saudi Arabia has one or more jewelries that they make use of on a regular basis.
The truth is that when jewelries are used, they wear out or get damaged hence the need for jewelry repair shops. If indeed you want to operate a jewelry repair business, you must get it registered with the corporate affairs department of Saudi Arabia.
Although you can operate an unregistered jewelry repair business in Saudi Arabia, operating a registered one is the best way to go because it would position you to do business with corporate entities and it will enable your clients to trust you with their very expensive jewelries.
- Open a Language School
Language school generally offer language instruction ranging from conversational skills for personal enrichment to intensive training courses for career or educational opportunities. Arabic is the official language in Saudi Arabia and there are migrants and students who intend working or studying in Saudi Arabia who would need to first pass through language school before they can be fully integrated into the society hence the viability and profitability of language schools in Saudi Arabia.
- Start a Leather Processing Business
Leather processing business which is popularly called leather tanning and finishing are businesses that are involved in the following activities: tanning, currying and finishing of hides and skins. Operators in this industry obtain raw skins from slaughterhouses and treat and dye them to create finished leather.
Products made from processed leather are used in all parts of the world. As a matter of fact, economic downturn hardly affects the usage of products made from processed leather. Leather belts, bags, wallets, wristwatches, shoes, slippers and sandals et al are used on a daily basis.
- Start Freight Packaging and Logistics Services Company
Another thriving business that can be started in Saudi Arabia is a freight packaging and logistics services company. Freight packaging and logistics services company is responsible for providing packing and crating services primarily for the transportation sector of the economy. They provide consolidation of freight consignments, trade document preparation, packing, crating and otherwise preparing goods for transportation and logistics consulting services.
- Start Medical Tourism Agency Business
Starting a medical tourism agency is a good business to start in Saudi Arabia because the country can boast of having some of the best healthcare facilities. As a matter of fact, Saudi Arabia is amongst the top destinations for foreigners looking for standard treatment.
The medical tourism agency is not all about hospitals and health facilities looking for patients from all around the world, but also for foreigners looking for good health care facilities anywhere outside their country or healthcare workers looking for standard hospitals abroad to understudy. The medical tourism agency business is indeed a far-reaching business.
- Start Medical Waste Management and Recycling Business
There are diverse areas of specialization in the recycling industry and one of them is medical waste management and recycling business. Medical waste comprises of waste generated in the hospitals, laboratories, dental clinics, optic clinics and diagnostic centers et al and this waste can be harmful to humans if not properly disposed and recycled.
You will quite agree that waste such as used hand gloves, face masks, blood-soaked cotton wool, needles and syringes etc. can’t just be handled with levity because of the potential danger that it can cause to both humans and the environment.
- Money Transfer Agency Business
One of the business opportunities that you can start in Saudi Arabia is a money transfer agency. Money transfer agency act as third-party agents that facilitate money transfers and payments among parties in different locations. Although you would need ample experience with good track record to be able to attract well-paying clients, but that does not stop you from still making headway in this line of business.
The truth is that the business has moderate entry capital and you can start the business from your home, shared offices space or from a kiosk with one or two staff members. You can be sure that your services would always be in demand by those who want to send money to other parts of the world especially migrants who want to send money back home.
- Open a Naturopathy Clinic
Another fast-growing business that an investor should consider starting in Saudi Arabia is a naturopathy clinic. Naturopathy which is a complimentary medical practice uses natural remedies to help the body heal itself. It embraces many therapies including herbs, massage, acupuncture, exercise, and nutritional counseling.
This includes therapies from the sciences of clinical nutrition, botanical medicines, homeopathy, physical medicine, exercise therapy, lifestyle counseling, and hydrotherapy, which is the use of water to treat a disorder or disease.
- Open a Beauty, Cosmetics and Fragrance Retail Shop
A beauty, cosmetics and fragrance store business is yet another easy to start business in Saudi Arabia. Beauty supply stores sell a wide range of beauty products, from makeup to skin care, cosmetics and hair care products. Starting a beauty, cosmetics and fragrance store is not difficult and it is not so capital intensive especially if you choose to start on a small scale within your neighborhood. Getting the right brands that people want to buy and good stock keeping are the secrets of running the business.
- Open a Casino
If you are looking for a business to establish in Saudi Arabia, you should think towards opening a casino and game center. Starting a casino and game center in an area that has loads of gamers and gamblers but fewer casinos and game centers can be very lucrative. Although opening a casino and game center can be considered to be capital intensive, but if you know how to manage the business, you are sure going to make huge returns on your investment.
- Bottled Mineral Water Production Company
Another viable business that can be started in Saudi Arabia is a bottled mineral water production business. Mineral water is said to be water that comes from a mineral spring which contains various minerals such as salts and sulfur compounds. Mineral water may also be effervescent/sparkling due to the gases that it contains. There is indeed a very large market for bottled mineral water in Saudi Arabia due to the very hot weather in the country.
- Start a Chicken Plant Processing Plant Business
As an aspiring entrepreneur, if you have the required startup capital and perhaps the required experience, then you should consider starting your own chicken processing plant in Saudi Arabia. It is important to point out that chicken processing plant business cannot go out of fashion because people eat chicken on a daily basis.
Depending on the scale you want to start, the startup capital for this type of business can range from moderate to high. As a matter of fact, it is advisable to run a poultry alongside your chicken processing plant if indeed you want to maximize profits in this business.
- Start a Diary Farm
A dairy farm is yet another thriving business that can be started in the united states of America. Dairy farm is of course a thriving and profitable business because of usefulness of beef and milk. People eat beef, drink their milk, and use their fur and skin.
With cattle milk, cheese can be made, along with other dairy products. Dairy farms primarily raise cattle for milk. Although some cattle farms engage in the sale of raw milk and excludes the production of drinkable fluid milk and processed dairy products like butter, cheese and powdered milk.
- Start a Bureau De Change Business
Bureau de change is one profitable business that is doing pretty well in Saudi Arabia. A non-bank foreign currency exchange company also known as bureau de change is a business in competition with other financial related businesses that make profit from selling currency at a higher exchange rate.
In setting its exchange rates, they ensure that they keep an eye on the rates quoted by competitors, and may be subject to government foreign exchange controls and other regulations as it relates to financial institution in their country.
- Start Greenhouse Commercial Farming
A greenhouse commercial farming is no doubt one of the ideal businesses to start in Saudi Arabia, because greenhouse farming gives room for greater control over the growing environment of various crops. Dependent upon the technicality and specification of a greenhouse design, some of the important factors which may be controlled include temperature, levels of light and shade, irrigation, fertilizer application, and atmospheric humidity et al.
Basically, Greenhouses are used to overcome shortcomings in the growing qualities of a piece of land, such as a short growing season or poor light levels. In essence, they are designed to improve food production in marginal environments like Saudi Arabia.
- Open a Private Wealth Management Firm
A private wealth management firm is a team of professionals within a financial firm that are dedicated to managing the assets of clients; it is a firm that invests its clients’ pooled funds into securities and other investment vehicles for the purpose of generating profits.
Private wealth management firms provide investors with more diversification and investing options than they would have had by themselves. You can be rest assured that if you launch your own private wealth management firm in Saudi Arabia, your services would always be in demand not only by wealthy individuals but also corporate organizations and businesses who want their wealth to be effectively managed by professionals.
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The climate and soil in Saudi Arabia does not support much food crops. For this reason, much of the agricultural produce consumed in Saudi Arabia is imported from neighboring countries. However, a few food crops can still survive the country’s harsh conditions.
Examples include wheat, date palms, and barley. But the demand for these crops is still higher than the production. So, there’s a lot of money to be made from cultivating these crops; even on a small-scale or medium-scale basis. Better yet, you can start a business that imports fresh agricultural produce from neighboring countries.
52. Real estate
As Saudi Arabia’s economy and population continue to grow rapidly, there are booming demands for housing units and other structures. This creates a window of opportunities for real estate investors. So, if you are short of ideas on what business to start in Saudi Arabia, consider real estate investing.
Because of the increasing rapport between Saudi Arabia and the West, there’s a strong need for Saudis to learn English language to avoid language barriers in their interactions with the West.
To meet this need, the Saudi government has made the teaching of English language mandatory in all elementary and high schools. So, if you have a good grasp of both English language and Arabic, you will make a lot of working as an English language instructor and translation.
Saudis have a strong sense of fashion. Even their women who appear in black “abayas” in public go on regular fashion shopping sprees. However, Saudi men rarely wear Western clothing like suits, pants, ties, and so on. But the women are diverse in their choices. So, selling men and women’s wears is a very profitable business in Saudi Arabia.
55. Building materials
New buildings and structures are springing up in Saudi Arabia on a daily basis. And it goes without saying that this trend would increase the demand for businesses that manufacture and sell materials used in building and construction. If you are on a low budget, you can start a business that supplies small building materials such as blocks, nails, wires, pipes, and so on. With a bigger capital, you can go into manufacturing.
56. Processed foods
Because there’s a dearth of fresh foods in Saudi Arabia (no thanks to the hostile climate), there’s a demand for not just fresh fruits and foods, but also their processed forms. As an investor, you can import fresh foods and fruits, process them, and sell them to the ever-willing-to-buy populace. Better yet, you can import processed foods directly.
57. Professional services
Only a few Saudi citizens attend universities to study professional courses like Medicine and Engineering. And this has led to the dearth of professionals, while also creating a huge demand for professionals who offer these services. If you have a solid background in Engineering, or you are a healthcare practitioner (such as certified physician, nurse, or physiotherapist), you can make a lot of profit by offering your professional services in Saudi Arabia.
58. Honey and beverages
There’s a huge demand for processed beverages and purified honey in Saudi Arabia. So, there are huge opportunities for businesses that import or produce these products. Honey is consumed in Saudi Arabia for its therapeutic benefits. Almost every Saudi citizen takes it at least once weekly. So, you can imagine how lucrative selling it would be.
59. Solar energy
As a way of protecting their environment from the dangerous effects of combustion fuels, Saudis are now drifting more towards solar energy as their power source. With a hot climate that flaunts the sun almost every day of the year, solar energy is fast becoming a perfect power option in Saudi Arabia. So, there are opportunities for businesses that are related to solar power generation such as solar power installation services, sales of solar panels, and so on.
6. Tech products
In Saudi Arabia, there’s an increasing demand for latest technology products such as PCs, tablets, smartphones, and other devices. So, if you are looking to start a business in this country, importing and selling these products is a very profitable option.