business opportunities saudi arabia
business opportunities saudi arabia
Saudi Arabia is the UK’s 23rd largest export market, with exports worth £1,873.2m and total imports of £922.3 in 2007. It is the UK’s hugest trading partner in the Middle East and our second principal send abroad market in the state after the UAE. The UK is Saudi Arabia’s second principal foreign investor after the USA.
Saudi Arabia is elected one of UKTI’s High Growth Markets
What are the chances?
Saudi Arabia’s rapid mounting economy is making chances for both exporters and investors. These are more supported by moves to broaden your horizons the economy away from belief on oil and gas; by economic restructuring programmes and market liberalisation; and by an up-and-coming and expanding private sector. There are chances at all levels in:
Saudi Arabia image
* Oil, gas and petrochemicals
* Power
* Water
* Financial Services
* Vocational, technical and business education
* Construction (includes mass transport infrastructure)
* Environmental technology and business opportunities services
* ICT
* Consumer Goods
Establishing business opportunities saudi arabia trade
Staffing
Much of the Saudi workforce, at practically all experience grades, are foreign. Anyway, ‘Saudisation’ is the governments impel to produce more careers for Saudi nationals for the service of Saudis into the workplace. Foreign business companies accredited to activate in Saudi Arabia may engage in foreign employment opportunities force through the Ministry of Labour.
Local rules
Most of these needs are argued in the former paragraphs. There are many ministries that legalize functioning in Saudi Arabia. The Ministry of Commerce has the most direct contribution in modifiable trade in Saudi Arabia. They deal with commercial guideline, agency parameter, trade marks and quality check up on imports. There are several other departments gushed with doing trade in Saudi Arabia covering issues of traditions, standardisation, monies and listing of goods.
Financial assistance
squashy loans may be accessible from the Saudi Industrial Development Fund (SIDF) and the Agricultural business opportunities saudi arabia Development.
Additional business opportunities saudi arabia information
Saudi Arabia is the largest country in the Arabian Peninsular and has gigantic resources. It is rich in oil, gas, and other limestone resources. It is the principal country in the Middle East. The elements that supply to the appeal of foreign investment are loads. Saudi Arabia maintains a complicated and strong transportation (roads, bridges, ports, airports) and a dependable announcement system (satellite communication, telephone, internet, etc).
considering Risk When Operating in an Overseas business Market
Security Information Service for Businesses Overseas
Security business opportunities saudi arabia Information Service for Businesses Overseas (SISBO) at FCO can aid trades by supplying information on security and biased hazard which trades may encounter when functioning in scrupulous markets overseas. Areas covered may contain terrorism, crime and civil riot, local politics, local law enforcement activities, private fortification, inducement and dishonesty, human rights, ownership of physical or academic belongings rights and transformer matters.
