Expanding from Canada to Saudi Arabia: Key Opportunities and Business Insights

Why Are Canadian Companies Expanding to Saudi Arabia?

Canadian companies are taking advantage of Saudi Arabia’s transformation as part of Vision 2030. The Kingdom’s focus on renewable energy, education reform, and large-scale infrastructure development is driving demand for Canadian expertise.

As Saudi Arabia increases its investment in technical education and clean energy, Canadian companies see new business opportunities. Canadian firms specializing in education technology, renewable energy, and public transport infrastructure have unique entry points into the Saudi market.

3 Key Sector Opportunities for Canadian Companies Expanding to Saudi Arabia

• Education and Vocational Training: Saudi Arabia’s goal to upskill its workforce provides opportunities for Canadian firms offering curriculum development, educational software, and vocational training programs.
• Clean Energy and Renewable Technology: Canada’s strong presence in renewable energy solutions allows firms to supply solar, wind, and clean hydrogen technologies to support Saudi’s energy transition.
• Infrastructure and Engineering Services: Canadian construction and engineering firms can contribute to large projects like The Line, Riyadh Metro, and transport infrastructure for Giga Projects.

Recent Partnerships and Expansion Announcements for Canadian Companies in Saudi Arabia

• SNC-Lavalin: Signed contracts to support the construction of Saudi’s public transport network, including Riyadh Metro and NEOM projects.
• Bombardier: Announced expansion into Saudi Arabia’s public transport sector, providing trains, signaling systems, and maintenance services.
• Brookfield Asset Management: Partnered with Saudi Arabia’s PIF to explore investment opportunities in real estate and infrastructure.
• Shopify: Collaborated with local stakeholders to provide access to e-commerce platforms for Saudi SMEs, supporting the Kingdom’s shift to digital commerce.
• Desjardins Group: Partnered with local financial institutions to introduce financial literacy programs and expand insurance products for the Saudi market.

Looking to expand to Saudi Arabia? Fast-track your market entry process with AstroLabs’ on-ground 40+ local experts. Learn more.