MOROCCO
Morocco Up Close
A Deep Dive into its Culture and Diversity
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MOROCCO
FACTS
38%
fact morocco 1
title
fact 2
13
Provinces
Culture & Entertainment
Culture & Entertainment: SAR 30 Billion Market
30
Airports
6
Container Ports
Greatest Business Location
Saudi Arabia Is the Greatest Business Location in the Middle East, According to the World Bank
58.2%
of Population Under the Age of 35
0%
Income Taxes
$700.1 Billion
Nominal GDP in 2020
Imports
SAR 559.7 Billion: Total Imports
892,000 SMEs
Business Ecosystem of 892,000 SMEs Registered
GCC
Part of the GCC Countries
9th
9th Largest Stock Market in the World and the Largest in the MENA Region (Tadawul)
Exports
SAR 1052.6 Billion: Total Exports
2nd
Most Visited Country in the Region
E-commerce
SAR 28.5 Billion: E-commerce Market Size in Saudi Arabia
60%
-> Saudi Market Share of Total GCC Market Consumption
-> 6% Expected Growth of Saudi F&B Market Per Year Over the Next Years
265+ Million
Industrial Energy & Mining Sector: 265+ Million in Revenues, the Highest So Far
Real Estate
-> 70% Home Ownership
by 2023
-> 1.5 Million Units Built by 2030
36,968,526
Is the Latest Population Index
MOROCCO
OPPORTUNITIES
op1 morocco
Saudi Arabia’s mining and metals sector is emerging as one of the most attractive globally in terms of cost, raw material availability, a flexible incentive structure, and access to competitive loans.
- It’s projected to contribute $75 billion to GDP by 2035, with a potential mineral resources value of $1.3 trillion.
- A total of 48 minerals have been identified in the Kingdom.
- Additionally, Saudi Arabia is set to become the 4th largest importer of mineral products worldwide, with imports expected to decrease from $19 billion to $11.5 billion by 2035.
op2 morocco
The Kingdom’s real estate sector is experiencing rapid growth, driven by a large and young population, a thriving middle class, and ambitious development projects aimed at achieving Vision 2030 goals.
- 50% of new units are built using advanced technology.
- The target is 70% home ownership by 2030.
- An estimated 1.2 billion square meters of built-up area is expected to be developed by 2030.
- There are plans to build 1.5 million housing units by 2030.
Financial Services
Saudi Arabia’s financial sector is renowned for its sophistication, fostered by a stable economic and political environment, as well as favorable legal and tax policies.
- An estimated $1.3 trillion in total credit demand is expected by 2030.
- Banks aim for a 20% increase in the share of MSME financing by 2030.
- A 53% increase in the share of capital markets assets is anticipated by 2030.
- The goal is to achieve a 70% share of non-cash transactions.
Agriculture & Food Processing
Saudi Arabia’s agricultural and food processing sector is well-established and poised for rapid expansion, driven by domestic, regional, and global demand.
- The target is an 85% food processing localization rate by 2030.
- The food and beverage market size is currently $42 billion, with an expected 3% annual growth over the next five years.
Information and Communication Technology
Saudi Arabia aims to become an ICT hub, with a focus on digital innovation in smart cities, Industry 4.0, digital education, and digital health.
- The expected gaming market size is $2.5 billion by 2030.
- There’s a 73% social media penetration.
Healthcare & Life Sciences
With a large youth population and an aging demographic, healthcare demand is expected to triple in the next decade.
- The goal is for 100% of the population to be covered by the unified digital medical records system by 2025.
- The medical technology market size was $5.4 billion in 2021.
- The aim is to cover 88% of the population, including rural areas, with medical health services by 2025.
- The healthcare services sector is projected to grow at a 5.8% CAGR from 2017 to 2029.
Tourism & Quality of Life
Saudi Arabia is a hidden gem in tourism, contributing significantly to Vision 2030 and economic diversification.
- The target is 100 million local and international tourists per year by 2030.
- The sector’s contribution to GDP is expected to reach 10% by 2030, up from 3% today.
- An investment of $57 billion is required to build entertainment infrastructure by 2030.
- There have been 11 entertainment seasons launched across the Kingdom.
- A total of $320 million has been committed to support sports clubs until 2023, with an additional $670 million committed to achieve financial maturity and privatization.
Transport & Logistics
Saudi Arabia boasts a highly competitive infrastructure network and a track record of public-private partnerships and privatization plans.
- An annual growth forecast of $26 billion is expected before 2030.
- The total market size is $18 billion.
- A 12% CAGR is projected by 2030.
- Public sector investments of $30 billion are expected over the next decade.
Human Capital Innovation
Saudi Arabia is committed to nurturing its young population into future leaders, innovators, and entrepreneurs, making human capital and innovation a core aspect of Vision 2030.
- An estimated $49.5 billion will be spent on education.
- There has been a 5% increase in private education since 2013.
- SMEs contributed 29% to GDP in 2020, up from 20% in 2016.
- The target is a 35% SME contribution to GDP by 2030.
Environment Services
The Kingdom’s water services and waste management segments are among the fastest-growing, driven by a growing population, rising living standards, and a focus on a national circular economy.
- An estimated $67 billion will be invested in water and sanitation projects by 2025.
- An additional 5.5 million cubic meters per day of desalination capacity is estimated by 2026.
- The goal is to divert 82% of total waste from landfills by 2035, with higher targets for specific regions and waste streams.
- An impressive 81% of municipal solid waste is recycled, with the remainder used for waste-to-energy.
Industrial and Manufacturing
Saudi Arabia stands as the region’s largest and fastest-growing automotive and industrial equipment market.
- In 2019, the automotive market sales value reached $17 billion, with 537,000 vehicles sold.
- Saudi Aramco plans to invest $400 billion in the IKTVA program by 2030.
- There was a total import of $13 billion in energy wires in the M.
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