Accurate

Jeddah, the commercial heart of Saudi Arabia, offers abundant opportunities for foreign entrepreneurs looking to establish businesses across diverse industries. Its advantageous position, proximity to the holy cities of Mecca and Medina, and role as the main entry point for Hajj and Umrah pilgrims fuel its economic vitality. Additionally, as a key Red Sea port city, Jeddah acts as a vital hub for trade and commerce.

Under the Saudi government’s Vision 2030 framework, Jeddah's business creation is poised for substantial growth. This includes major developments in infrastructure, such as utilities, transportation, and both residential and commercial property projects, with the government actively encouraging foreign investment to diversify the economy beyond oil. Notably, Jeddah ranks as the second-leading startup hub in Saudi Arabia.