Riyadh - Comprehensive overview of the City, PEST Analysis and analysis of Key Industries including Technology, Tourism and Hospitality, Construction and Retail
Summary“City Profile - Riyadh” provides historical and forecast data on key city level metrics along with analytical coverage of the latest political, economic, social, technological, infrastructural, legal and environmental issues affecting Riyadh city.
The report contains detailed tourism, retail, construction, technology and public infrastructure data and insight into economic, social, and industry trends.
Riyadh city or Riyadh metropolitan area is the capital of Saudi Arabia and is the second-largest city after Mecca, in terms of population. To curb the government expenditure, multiple investment opportunities are made available for the private sector as well as foreign companies. Riyadh metropolitan area’s accounts for 20.3% of the nation’s population and 20.3% of the national economy in 2020. During the same period, service sector contributed the most to the area’s GVA, accounting for 50.0% share, followed by industry sector (47.7%) and primary sector (2.3%).
Scope
- The industry sector remains the key contributor to the area’s economy.
- Riyadh is a key tourist destination for international tourists and experienced healthy growth. Strong performance is observed in the real-estate and construction sector with increasing employment and number projects undertaken. However, the COVID 19 health crisis has imparted the sluggishness into the economy of the city, marking weak performance of the economic sector.
Reasons to Buy
- Gain a comprehensive knowledge of future economic and demographic trends and understand the performance of various sectors within the city.
- Analyze and understand the business environment in the city to align your investment and expansion strategies.
- The report helps to drive a conclusion in choosing a suitable city to invest or expand according to your business structure.
- Explore new opportunities in the hospitality, tourism, construction, real estate and retail sectors.
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