Saudi Arabia announced a budget of 270 billion US dollars for the year 2024

2023/12/11

This includes:

  • Economic Transformation: 272 billion.

     

  • Financial Industry: 5 billion.

     

  • Industrial Sector: 66.7 billion.

     

  • Esports: 2.7 billion.

     

  • Intellectual Property and National Strategy: 13.3 billion.

     

  • Agriculture and Tourism: 40 billion.

     

  • Water Resources: 13.3 billion.

 

These investments bring the following opportunities:

  • Financial Industry: The number of fintech companies is expected to reach 230 by 2025, with digital transactions accounting for 70%.

     

  • Industrial Sector: GDP will double, reaching 238.7 billion USD.

     

  • Esports Industry: 250 new companies are expected to be created by 2030.

     

  • Intellectual Property and National Strategy: To encourage innovation, there will be an infusion of 533.3 billion USD.

     

  • Agriculture and Tourism: Focus on sustainable development.

     

  • Water Resources: Emphasis on desalination, water resource reuse, and resource management.
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