Strategic Opportunities for Greek Investors in Saudi Arabia: Tourism, Infrastructure, and Energy

 

Saudi Arabia is accelerating its drive to attract foreign investment as part of Vision 2030 and Greek businesses are rising to the occasion. With a growing number of Greek companies pursuing business setup in Saudi Arabia, the economic relationship between the two nations is evolving from traditional trade into a full-fledged strategic partnership. 

A New Era of Saudi-Greek Economic Collaboration 

In 2023, bilateral trade between the two countries reached $3.713 billion. Saudi Arabia’s exports to Greece totaled $998 million, primarily in oil, while Greece exported $2.715 billion worth of goods and services. 

With Saudi Arabia becoming Greece’s second-largest trading partner in the region, both countries are now prioritizing structured cooperation. The High-Level Strategic Cooperation Council (HLSCC), launched in 2024, is helping facilitate company formation in the KSA and joint business initiatives. 

- Tourism: A Rising Star for Greek Businesses 

Tourism has become one of Saudi Arabia’s key sectors for diversification, with a target of attracting 100 million annual visitors by 2030. This has opened new doors for Greek firms in the tourism and hospitality industries. 

Highlights include: 

  • Bilateral tourism development plans under the Saudi-Greek Joint Action Plan (2024–2026) 
  • Growing Greek participation in air connectivity, hotel staff exchange, and coastal tourism projects 
  • Opportunities for Greek travel agencies, marketing firms, and hospitality brands to expand into a booming market 

Greek firms are finding a receptive environment in Saudi Arabia’s fast-growing travel economy, particularly in premium tourism services and cultural exchange. 

- Infrastructure: Tapping into Giga Projects 

Saudi Arabia’s ambitious development goals have created one of the world’s most active construction markets. Giga projects like NEOM, Red Sea Global, and Amaala are attracting global contractors—including several from Greece. 

A leading example is the partnership between Archirodon and Arabian Construction Co., which is contributing to eco-friendly infrastructure and housing developments. Saudi Arabia’s need for advanced construction, transportation, and utility solutions aligns perfectly with Greek firms’ engineering and project management expertise. 

- Energy: Building a Green Corridor 

Energy is another major focus of Saudi-Greek cooperation—particularly in renewable power and sustainable infrastructure. A standout initiative is the Saudi-Greek Electrical Interconnection, a joint project between Greece’s IPTO and Saudi Arabia’s National Grid. This green corridor aims to: 

  • Facilitate renewable energy exports from Saudi Arabia to Europe via Greece 
  • Contribute to Saudi Arabia’s renewable energy goal of producing 130 GW by 2030 
  • Support energy infrastructure development across borders 

Greek investors with experience in energy technology, grid integration, and sustainable engineering are well-positioned to contribute. 

- A Strategic Partnership for the Future 

The Saudi-Greek economic corridor is no longer limited to trade; it’s expanding into joint innovation, infrastructure, and global energy policy. Greek firms are finding meaningful entry points through strong diplomatic ties, government support, and a shared vision for sustainable growth. 

Whether you’re exploring business setup services or long-term investment, Saudi Arabia offers compelling opportunities for Greek companies ready to scale. 

Read the full blog post for deeper insights and steps to enter the Saudi market. 

Visit our blog now (hyperlink to website blog post link). 

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