International business confidence in Saudi Arabia is surging, with eight in ten global firms (80 per cent) planning to expand trade and investment with the Kingdom over the next five years, according to an HSBC report.

The findings indicate growing momentum under Vision 2030, which is building a diversified, resilient economy and attracting record foreign investment.

More than 60 per cent of surveyed companies said they intend to boost their engagement with the Kingdom within the next six months, signaling near-term optimism about Saudi Arabia’s economic direction.

The HSBC report surveyed 4,000 business decision-makers from international companies generating annual revenues between $50m and $500m.

Respondents were drawn from eight key markets – the UK, Hong Kong, Mainland China, USA, India, Germany, UAE, and Egypt – as well as businesses operating within Saudi Arabia.

Participants cited economic growth (53 per cent), stability (48 per cent), and business-friendly policies (37 per cent) as the leading factors making the Kingdom an attractive destination for trade and investment.

Reflecting Vision 2030’s diversification goals, international investors identified technology (58 per cent) and infrastructure (38 per cent) as the two sectors with the greatest growth potential.

Source: Arabian Business