A Cosmetics Company manufactures a diverse array of beauty products, encompassing foundations, moisturizing creams, lipsticks, face masks, concealers, and more. The project will leverage social media platforms for marketing initiatives and create a mobile application for streamlined purchasing processes. Additionally, it will prioritize exporting products to international markets. Mashroo3k for Economic Consulting underscores the economic viability of the project, citing strong demand for its products, potential for rapid profitability, and competitive pricing strategies.
A Cosmetics Company manufactures a diverse array of beauty products, encompassing foundations, moisturizing creams, lipsticks, face masks, concealers, and more. The project will leverage social media platforms for marketing initiatives and create a mobile application for streamlined purchasing processes. Additionally, it will prioritize exporting products to international markets. Mashroo3k for Economic Consulting underscores the economic viability of the project, citing strong demand for its products, potential for rapid profitability, and competitive pricing strategies.
Mashroo3k for Economic Consulting is delighted to offer specialized services to investors, providing a thorough and insightful analysis of the market. Our approach is grounded in a vast database encompassing all Middle Eastern markets, supported by our highly-trained and experienced team. Mashroo3k is endorsed by major funders in the Arab world, and our data is compatible with leading global databases such as UNICEF Data, Statista, ITC, OEC, and WITS. With services spanning across 35 countries worldwide, partnering with us ensures a pathway to success.(UNICEF Data, Statista, ITC, OEC, WITS)
The service sector does not fundamentally rely on raw materials or goods and their sale; rather, its activities are based on providing intangible services such as transportation services, hospitality services, healthcare services, and others. This sector is considered the main driver of major economies; for example, in the United States, the service sector accounts for 85% of the GDP.
As for the service sector in Saudi Arabia, statistics and indicators confirm its contribution of about 48.02% to the GDP. This vital sector includes five main activities:
Wholesale and retail trade, restaurants, and hotels:
Saudi Arabia’s GDP amounted to 2,625,442 million SAR. The “wholesale and retail trade, restaurants, and hotels” activity contributed about 10.8% (284,579 million SAR) to this GDP.
Transportation, storage, and communications services:
The “transportation, storage, and communications” activity contributes approximately 6.6% (172,304 million SAR).
Financial services, insurance, real estate, and business services:
The “financial services, insurance, real estate, and business services” activity contributes about 6.4% (377,725 million SAR) to the GDP.
Community, social, and personal services:
This activity contributes about 2.5% (65,729 million SAR) to the GDP.
Government services:
Its contribution to the GDP is 21.9% (576,089 million SAR)
