Trade and Business in Saudi Arabia

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

1. To analyze the Saudi Arabian Economy and International 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 Free Trade Agreements (FTAs);
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 Higher Educational Programs taught by EENI Global Business School:

Masters (MIB): International Business, Foreign Trade.

Doctorate (DIB): Islamic Business, World Trade.

Learning materials in 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 Asia-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. Cooperation Council for the Arab States of the Gulf (GCC)
   1. European Union-Gulf Cooperation Council Cooperation Agreement;
   2. India-Arab States of the Gulf Agreement;
   3. Australia-Gulf Cooperation Council (GCC) FTA;
   4. European Free Trade Association-Saudi Arabia;
   5. Gulf Cooperation Council (GCC)-Singapore Free Trade Agreement (FTA).
3. Islamic Trade Preferential System (TPS-OIC);
4. Greater Arab Free-Trade Area (GAFTA).

1. World Trade Organization (WTO)
   1. WTO General Agreement on Trade in Services (GATS);
   2. WTO Agreement on the Application of Sanitary and Phytosanitary Measures (SPS);
   3. WTO Agreement on Technical Barriers to Trade (TBT);
   4. WTO Agreement on Preshipment Inspection (PSI);
   5. WTO Agreement on Safeguards (SG);
   6. WTO Trade Facilitation Agreement (TFA).
2. World Customs Organization (WCO)
   1. Revised Kyoto Convention (RKC).
3. International Road Transport Union (IRU)
   1. TIR Convention;
   2. Guidelines on Safe Load Securing for Road Transport.
4. International Maritime Organization (IMO)
   1. International Convention for Safe Containers (CSC);
   2. Convention Relating to Temporary Admission (Istanbul Convention).
5. Customs Convention on Containers (CCC, UN);
6. International Bureau of Containers and Intermodal Transport (BIC).

Islamic Organizations:

1. Arab League (LAS);
2. Summit of South American-Arab Countries;
3. Asia-Middle East Dialogue;
4. Islamic Development Bank (IsDB);
5. Economic and Social Commission for Western Asia (ESCWA);
6. Organization of Islamic Cooperation (OIC)
   1. Standing Committee for Economic and Commercial Cooperation of the Organization of Islamic Cooperation (COMCEC);
   2. Islamic Chamber of Commerce and Industry (ICCI);
   3. Islamic Centre for Development of Trade (ICDT);
   4. Statistical, Economic and Social Research and Training Centre for Islamic Countries (SESRIC).
7. Afro-Arab Cooperation;
8. Arab Bank for Economic Development in Africa (BADEA);
9. Arab Gulf Programme for United Nations Development Organizations (AGFUND);
10. Arab Trade Financing Programme (ATFP);
11. Arab Development Funds.

Global Organizations:

1. Asia Cooperation Dialogue (ACD);
2. Colombo Plan;
3. United Nations (UN)
   1. Conference on Trade and Development (UNCTAD);
   2. International Trade Centre (INTRACEN);
   3. World Intellectual Property Organization (WIPO).
4. World Bank (WB);
5. World Trade Organization (WTO);
6. African Development Bank (AfDB);
7. International Monetary Fund (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 square kilometers;
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).

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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 Organization of Islamic Cooperation 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.

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(c) EENI Global Business School (1995-2022)
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