Doing Business in Saudi Arabia

The objectives of the subject “International Trade and Business in the Kingdom of Saudi Arabia” are the following:

1. To analyze the Saudi Arabian Economy and Global Trade;
2. To know the business opportunities in the Kingdom of Saudi Arabia;
3. To explore the Saudi Arabian trade relations with the country of the student;
4. To know the Saudi Arabian Trade Agreements;
5. To examine the profile of Saudi Arabian Businesspeople;
6. To develop a business plan for the Saudi Arabian Market.

The Subject “Foreign Trade and Business in Saudi Arabia” belongs to the following Online Programs taught by EENI Global Business School:

Masters: International Business, Foreign Trade.

Doctorate: Islamic Business, World Trade.

Languages: or Arabia Saudita Arabie Saoudite.

1. Credits of the subject “Foreign Trade and Business in Saudi Arabia”: 3 ;
2. Duration: three weeks.

Transport and Logistics in Saudi Arabia

1. Access to the Eurasian Corridors:
   1. China-Pakistan Economic Corridor;
   2. China-Central-West Asia Economic Corridor;
   3. Kyrgyzstan-Tajikistan-Afghanistan-Iran Transport Corridor (KTAI-ECO).
2. Nearest African Ports;
   1. Port of Djibouti;
   2. Port Said. Suez Canal;
   3. Port Sudan;
   4. Port of Dar es-Salaam.

Saudi Arabian Preferential Access and Free Trade Agreements:

1. Saudi Arabia and the Arab Economic Area;
2. GCC
   1. EU-GCC Agreement;
   2. India-GCC;
   3. Australia-GCC FTA;
   4. EFTA-Saudi Arabia;
   5. GCC-Singapore FTA.
3. Islamic Trade Preferential System;
4. GAFTA.

1. WTO
   1. GATS;
   2. Agreement on the Application of Sanitary Measures;
   3. Agreement on Technical Barriers to Trade;
   4. Agreement on Preshipment Inspection;
   5. Agreement on Safeguards;
   6. Trade Facilitation Agreement.
2. WCO
   1. Kyoto Convention.
3. IRU
   1. TIR Convention;
   2. Guidelines on Safe Load Securing for Road Transport.
4. IMO
   1. Convention for Safe Containers;
   2. Istanbul Convention.
5. Customs Convention on Containers;
6. International Bureau of Containers and Intermodal Transport (BIC).

1. Arab League;
2. Summit of South American-Arab Countries;
3. Asia-Middle East Dialogue;
4. Islamic Development Bank;
5. ESCWA;
6. OIC
   1. Committee for Economic Cooperation;
   2. Islamic Chamber of Commerce;
   3. Islamic Centre for Development of Trade;
   4. Economic Centre for Islamic Countries.
7. Afro-Arab Cooperation;
8. BADEA;
9. Arab Gulf Programme;
10. Arab Trade Financing Programme;
11. Arab Development Funds.

1. Asia Cooperation Dialogue;
2. Colombo Plan;
3. UN
   1. UNCTAD;
   2. ITC;
   3. WIPO.
4. WB;
5. WTO;
6. African Development Bank;
7. IMF.

The Kingdom of Saudi Arabia.

1. Saudi Arabia was the birthplace of the Prophet Muhammad;
2. Two holiest cities of Islam, Mecca and Madinah are in Saudi Arabia;
3. The Kingdom of Saudi Arabia is one of the economic, religious, political, and financial centers of the MENA economies (Middle East and North Africa);
4. Saudi Arabia is a major player on the regional political scene;
5. Capital of Saudi Arabia: Riyadh;
6. Official language of Saudi Arabia: Arabic;
7. Type of Government: Absolute Monarchy;
8. Area of Saudi Arabia: 2,149,690 km²;
9. Population of Saudi Arabia: 30 million people;
10. The Saudi Arabian Currency: Saudi Riyal;
11. The headquarters of the Arab Gulf Programme for United Nations Development Organizations;
12. Abolition of Slavery in Saudi Arabia: 1962;
13. Borders of Saudi Arabia: Bahrain, Iraq, Jordan, Kuwait, Qatar, the United Arab Emirates and Yemen
    1. Maritime borders (Gulf of Aqaba): Israel and Egypt.

Religion in Saudi Arabia:

1. Sunni Islam is the main religion of the Kingdom of Saudi Arabia;
2. Major Fiqh (Islamic Jurisprudence) School is Hambali;
3. 20% of the population is Shiite.

Saudi Arabia belongs to the Arab Economic Area (Islamic Civilization).

Saudi Arabian Economy.

1. Saudi Arabia represents 25% of the Gross Arab National Product;
2. The Kingdom of Saudi Arabia is the largest economy in the Middle East and 24th largest exporter in the World;
3. The economy of the Kingdom of Saudi Arabia is based on the petrol sector;
4. Saudi Arabia has 25% of the proven petroleum reserve in the World;
5. The Saudi Arabian Petroleum Company (Saudi ARAMCO) is the largest petroleum producing company in the World;
6. In the last years, the Saudi Government has taken measures to diversify the economy, despite the global rise in energy prices, the non-petroleum sector has been a decisive sector in the economic growth of Saudi Arabia;
7. Saudi Arabia is the third economy in the World by Macroeconomics stability;
8. The Saudi Riyal is one of the most steady currencies in the World;
9. Saudi Arabia is the largest free economic market in the Middle East;
10. The Saudi market has a high purchasing power in the region;
11. The headquarters of the OIC and the Islamic Development Bank are in Jeddah;
12. Public sector plays a major function in industrial activity;
13. Saudi Arabia has a robust gross domestic product growth in the last years.

(c) EENI Global Business School (1995-2023)
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