The Kingdom of Saudi Arabia is one of the largest economies in the Middle East with a populationof of over 32 million and GDP per capita around US $21,000. Saudi Arabia is the UK’s largest trading partner in the Middle East and there is strong demand for quality UK goods and servicesat the right price in a wide range of sectors. It accounts for approximately 25% of the Arab world’sGross Domestic Product (GDP).
Major opportunities for trade and investment in Saudi Arabia include traditional sectors such as oil and gas, but also transportation, including rail, metro and airport; health, water and wastewater projects, nuclear energy, education, and mining. The UK is the Kingdom’s secondlargest cumulative investor, with over 200 joint ventures worth an estimated £11.5 billion. Moreand more UK firms are actively seeking to establish a physical presence in the Kingdom inorder to gain a foothold in this high-growth market.
The Kingdom’s capital is Riyadh, with an estimated population in the Riyadh Province of around 7.7 million. The two other major urban centres are Jeddah in the west, and the conglomerationof Dammam, Dhahran and Al Khobar in the east. Other urban centres are developing, andsmaller cities across the country ranging from Tabuk in the north to Jazan in the south are alsowitnessing significant growth.
About the guides
The main objective of this Doing Business in Saudi Arabia Guide is to provide you with basic knowledge about Saudi Arabia; an overview of its economy, business culture, potential opportunities and to identify the main issues associated with initial research, market entry, risk management and cultural and language issues.
We do not pretend to provide all the answers in the guide, but novice exporters in particular will find it a useful starting point.
This FREE guide is available in 4 formats:
Available on the iTunes App Store and Google play