While some expats who are currently in Saudi Arabia are just there for the sole purpose of working, there is a portion of expat population there who are aiming to become successful by investing in the Saudi market. If you are one of these people, this article will drive you to push through with your investment plans as Saudi Arabia is one of the best economies you can ever find.
You might find it challenging in Saudi Arabia especially if you don’t have enough information to start with. A lot of expats experience this during the first time. But if you are willing to learn and you want to earn more, there should be no hindrances to hold you back. We are going to share with you some tips on how you can invest in Saudi Arabia. You can do this while working, just make sure to let your employer know about your plans. Here’s what you need to know.
Where Can You Invest In Saudi Arabia?
Expats can invest in stock market in Saudi Arabia. You can do this by getting in touch with Tadawul, the sole securities exchange in the country which is being supervised by the Capital Market Authority. You can ask them for some advice on how you can take part in the growing stock market as a foreign investor.
Yes, the country is allowing foreigners to invest in real estate! Since it was just recently permitted, this is now the top preference of the expats in Saudi Arabia. If you have the money, you can invest in real estate as it can serve you a lot of purpose. You can rent it out to your co-expats and get return every month or you can use it for capital appreciation.
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Recruitment offices, land transport, and audiovisual services
Aside from real estate, you can also invest in other industries like recruitment offices, land transport and audiovisual services. Saudi has been triggered to open more investment opportunities because of the increasing market of foreign investors in the country. You can take in part so to maximize your privilege as an expat here.
What Are The Pros And Cons Of Investing In Saudi Arabia?
These are the advantages of investing in Saudi Arabia:
- The country depends on crude oil revenues, which leads to significant spending of capital. This just means that the country is more than willing to spend for the betterment of its economy.
- There has been a recent privatization of industries like the telecom and electricity sector.
Meanwhile, here are the following cons of investing in this country:
- The dependence in crude oil may have a significant impact on investments especially during the downturn in the crude price.
- Saudi has a monarchy form of government, which means that the executive, judicial, and legislative functions are combined.
You won’t be able to move forward if you won’t take the risk. Of course, you need to consider that there will be some disadvantages. If you manage to use the advantages more, these cons wouldn’t matter in the future.