Looking to start a business in Saudi Arabia? With over a decade of expertise in Saudi Arabian Business and KSA Business Trends, Analytix is here to share our expert insights on the top 10 best and most promising business ideas to start in Saudi Arabia by 2030 to help you make informed decisions for the success of your business journey in the Kingdom.
Best Business to Do in Saudi Arabia in 2025
Now, let us take a look at the top 10 best business options to kick-start your business journey in Saudi Arabia.
- Food And Beverage Business In Saudi Arabia
- Gaming And Esports Business In Saudi Arabia
- Travel And Tourism Business In Saudi Arabia
- Healthcare Business In Saudi Arabia
- Sports Business In Saudi Arabia
- Construction Business In Saudi Arabia
- ICT Business In Saudi Arabia
- Education Business In Saudi Arabia
- Consumer And Luxury Goods Business In Saudi Arabia
- Solar Energy Business In Saudi Arabia
1. Food and Beverage Business in Saudi Arabia
Saudi Arabia’s food and beverage sector is one of the best business opportunities in the kingdom, valued at around $23.5 billion in 2024 and expected to reach approximately $27.8–$29.8 billion by 2029–2032, with a CAGR of about 3.4%. One of the main reasons for the business growth is the flourishing food and dairy industry with rising consumer demand for products like milk and dairy substitutes due to health awareness and fitness trends.
2. Gaming and Esports Business in Saudi Arabia
The games and esports market in Saudi Arabia was valued at $1.8 billion in 2024 and is expected to rise to $6.8 billion by 2030, backed by a $38 billion government investment.
Saudi Arabia with Qiddiya City is ready to host the first Esports World Cup in Riyadh in the summer of 2024 with top games including StarCraft II, Dota 2, and Counter-Strike 2.
3. Travel and Tourism business in Saudi Arabia
Saudi Arabia hosted a historic 116 million tourists in 2024, including 30 million international visitors and 86.2 million domestic trips, with tourism spending reaching SAR 284 billion ($75.7 billion). The kingdom’s goal now is to welcome 150 million visitors annually by 2030, with 70 million international and 80 million domestic tourists. The tourism sector will contribute 10% of the nation’s GDP. Saudi is introducing E-Visas for citizens of 49 countries along with major tourism projects like Neom, Red Sea, and Qiddiya under construction.
The tourism industry of Saudi Arabia is growing with new infrastructure, destinations, and luxury travel experiences.
4. Healthcare Business in Saudi Arabia
Saudi Arabia’s healthcare sector is experiencing a significant shift due to Vision 2030, which includes a $65 billion initiative to upgrade infrastructure, enhance e-health services, and privatize more than 290 hospitals and 2,300 primary health centers. The government is setting up 21 health clusters and investing $1.5 billion in digital health, including telemedicine and AI-based diagnostics.
Private sector participation is expected to increase from 25% to 35% by 2030, offering major opportunities for both local and global investors.
In 2024, the government invested $69 billion in health and social development, reflecting its commitment to advance the sector. Ongoing industry events and reforms continue to attract foreign investment and encourage innovation across the country.
5. Sports Business in Saudi Arabia
The Sports sector of Saudi Arabia is rapidly growing with significant government investments. The country is all set to host grant sports events including the Asian Football Confederation’s (AFC) Women’s Asian Cup in 2026, the FIFA World Cup in 2030, and the Asian Winter Games in 2029.
The Sports Business in Saudi Arabia will offer great opportunities to the private sector to run profitable businesses from organizing, marketing, and managing popular sporting events. The Sports Sector in Saudi Arabia, valued at $6.5 billion in 2024, is expected to reach $22 billion by 2030, making the sector one of the best businesses to start in Saudi Arabia.
6. Construction Business in Saudi Arabia
The construction business of Saudi Arabia has become one of the main industries with significant growth in the market. The upcoming construction projects include the building of megacities, improving infrastructure, and promoting tourism. The construction industry has become a key player in leading economic growth and creating plenty of investment opportunities for businesses by 2030 in Saudi Arabia.
In 2024, there were 3,800 construction licenses issued, and the government continues to invest heavily with a budget of SAR 1.3 trillion (USD 342.7 billion) for 2025. The sector is expected to generate over 100,000 jobs and attract more than USD 32 billion in new investments by 2030, making it one of the most dynamic sectors in the country.
7. ICT Business in Saudi Arabia
Information and Communication Technology (ICT) sector of Saudi Arabia with a market value of USD 44.7 billion in 2024, accounts for 15.6 percent of the country’s GDP. The sector is expected to grow at a CAGR of 9.1%, reaching USD 106.8 billion by 2034. The sector is expected to grow at a CAGR of 9.1%, reaching USD 106.8 billion by 2034. It is one of the largest and fastest-growing markets in the country. Vision 2030 is promoting fast digital transformation, supported by government funding in data centers, 5G, cloud computing, and AI. The country is leading the region in 5G coverage, with more than 90% of major cities connected and continuous growth into smart cities and e-government services.
The Initiatives like e-commerce, smart cities, e-government, and digital education are also creating many opportunities for ICT start-ups, and small and medium enterprises(SME’s) businesses in Saudi Arabia.
8. Education Business in Saudi Arabia
The education sector in Saudi Arabia is one of the largest in the Middle East, valued at USD 38 billion in 2024, and expected to grow to USD 50 billion by 2030. The sector serves over 7 million students in more than 30,000 schools and 60 universities.
Vision 2030 reforms have been bringing in investments in infrastructure, teacher training, digital learning, and curriculum modernization, particularly for STEM and vocational skills.
The government’s efforts on public-private partnerships and international collaboration are opening new opportunities for investors in EdTech, higher education, and school management. With a young and growing population, increasing demand for quality education and strong government backing, the sector offers long-term opportunities for local and international investors.
9. Consumer and Luxury Goods Business in Saudi Arabia
Saudi Arabia presents a profitable business opportunity in the consumer and luxury goods sector. The industry now offers a perfect time to invest, with the market valued at USD 3.8 billion in 2024 and expected to hit USD 5.2 billion by 2030. Growth is driven by increasing disposable incomes, a young brand-aware population, and the rise of high-end retail in major cities. International brands have been boosting their presence and e-commerce is a major contributor in sales of luxury goods and other consumer goods.
The luxury goods industry in Saudi Arabia has a diverse and successful market as the local brands also grow alongside big businesses.
10. Solar Energy Business in Saudi Arabia
In Saudi Arabia, the solar energy business is flourishing with large-scale market growth.The solar capacity installed hit 3 GW in 2024, aiming for a national target of 40 GW by 2030. The kingdom is making significant investments in renewable energy under Vision 2030, starting new utility-scale solar projects and increasing local manufacturing of solar panels. The sector plays a key role in carrying out the kingdom’s plans for diversifying its energy sources and lower carbon emissions. The sector presents a profitable business option for budding entrepreneurs in Saudi Arabia.
Have any worries about your new business plans? We, Analytix are here to help.
As a trusted global management consulting firm, Analytix focuses on providing complete and holistic support for businesses entering the Saudi market. Our expert team of highly experienced professionals will provide you with high-quality business services, from business incorporation to accounting, tax, and auditing, GRO and PRO services, and many more. Analytix is your go-to partner for quality business services in Saudi Arabia.
Need Help In Business service in Saudi Arabia?
Have you explored the top 10 best and most promising business ideas to start in Saudi Arabia that we discussed?
Whether it’s a healthcare business or a tech start-up, KSA has become a perfect choice. Hopefully, this guide will give you some ideas and tips to begin your business journey in Saudi Arabia.
- FAQs
Frequently Asked Questions
If your question is not addressed here, please feel free to reach out to us. We value your inquiry.
Is Saudi Arabia good for business?
Yes, Saudi Arabia provides a really good and favourable environment for businesses. The stability of the economy and strong support from the government make the kingdom a perfect choice for starting your business journey.
Which business is most profitable in Saudi Arabia?
The most profitable businesses in Saudi Arabia include healthcare, education, construction, travel and tourism, etc.
Which industry is booming in Saudi Arabia?
Booming industries in Saudi Arabia include education, healthcare, technology, travel and tourism. Industries are growing with strong government support and increasing consumer demand.
How much money do I need to start a business in Saudi Arabia?
The amount of money needed to start a business in Saudi Arabia varies according to various factors such as the type, scale, and sector of your business. However, it is safe to keep a considerable amount as an initial investment to meet licensing, registration, and operational costs.
