Saudi Arabia
Saudi Arabia at a glance
Population
As of: 2025
Trade volume
As of: 2025
GDP growth
As of: 2025
Bringing Saudi Arabia and Bavaria together
Services of our economic representation
Market entry
We support Bavarian companies in entering the market and in developing initial business opportunities, customer relationships and projects in Saudi Arabia.
Network building
We connect companies with relevant partners in Saudi Arabia through targeted networking activities and events.
Location information on Saudi Arabia
We help identify suitable regions, business conditions and relevant contacts in Saudi Arabia.
Support for business establishment projects in Bavaria
We support Saudi Arabian companies that wish to establish a presence in Bavaria.
Do you have any questions? Do not hesitate to contact us!
Facts and figures about Saudi Arabia
Saudi Arabia is the largest market in the Gulf region and one of the most important economies in the Middle East. Its currency is the Saudi Riyal (SAR). Traditionally dominated by the oil and petrochemical sectors, the Saudi economy is undergoing a comprehensive diversification process.
Saudi Arabia has a population of 34.6 million (2025) and a GDP of approximately USD 1.1 trillion (GTAI 2026).
Trade relations between Bavaria and Saudi Arabia
*in millions of euros
This chart shows exports from Bavaria to Saudi Arabia and imports from Saudi Arabia to Bavaria. It also illustrates the total trade volume, consisting of both exports and imports.
How is Saudi Arabia’s economy structured?
Saudi Arabia’s economy continues to be heavily influenced by the oil and petrochemical industries. At the same time, industry, services, and future-oriented sectors are becoming increasingly important as part of economic diversification. Tourism has emerged as a key growth sector.
Riyadh serves as the country’s political and economic center, while Jeddah plays a crucial role as a commercial hub.
Through Saudi Vision 2030, the Kingdom is pursuing a gradual transformation toward a more diversified economic structure.
Saudi Arabia is a member of the Gulf Cooperation Council (GCC) and therefore part of the Gulf common market.
What business opportunities does Saudi Arabia offer?
Saudi Vision 2030 creates opportunities in infrastructure, tourism, healthcare, renewable energy, hydrogen technologies, energy efficiency, automotive, food production and defense. The development of new tourism destinations requires expertise in planning, water and wastewater management, hotel equipment and vocational training for the hotel industry.
Saudi Arabia aims to establish a sustainable circular economy, placing particular emphasis on recycling, green hydrogen and renewable energy. Furthermore, electromobility is becoming increasingly important; CEER represents the first Saudi electric vehicle project, with significant involvement from German companies. The Saudi healthcare sector is currently undergoing one of the largest transformations in the world.
Furthermore, there is market potential in the petrochemical sector, a new pillar of the Saudi economy. Opportunities exist for small and medium-sized enterprises in the supply sector, particularly in Dammam.
What are the economic relations with Bavaria and Germany?
Saudi Arabia is among Bavaria’s most important export markets in the Gulf region and a key economic partner in the Middle East. More than 30 Bavarian companies operate in Saudi Arabia.
Major Bavarian exports include machinery, chemicals and vehicle components, while imports primarily consist of crude oil and petrochemical products.
The Bavarian Economic Representation in Riyadh supports the expansion of bilateral economic relations and assists Bavarian companies with their activities in the Saudi market.
„Bavarian innovation meets Saudi Arabia’s transformative Vision 2030. Together, we strengthen the exchange of knowledge and technology, foster innovation, and unlock sustainable economic opportunities.“
