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Business in Saudi Arabia

The key to conducting successful global business is having local knowledge. Below you’ll find some key facts about the region:

Capital
Riyadh (royal)

Population
28 million (est.)

Time
GMT + 3

Climate
Saudi Arabia has a desert climate. In Jeddah it is warm for most of the year. Riyadh, which is inland, is hotter in summer and colder in winter, when occasional heavy rainstorms occur. The Rub al Khali (‘empty Quarter’) seldom receives rain, making Saudi Arabia one of the driest countries in the world.

Geography
The Kingdom of Saudi Arabia , commonly known as Saudi Arabia, is the largest Arab country of the Middle East. It is bordered by Jordan and Iraq on the north and north east, Kuwait, Qatar, Bahrain and the United Arab Emirates on the east, Oman on the south east, and Yemen on the south. The Persian Gulf lies to the north east and the Red Sea to its west. The Kingdom is sometimes called “The Land of the Two Holy Mosques” in reference to Mecca and Medina, the two holiest places in Islam. The two mosques are Masjid al-Haram (in Mecca) and Masjid Al-Nabawi (in Medina). Saudi Arabia’s government takes the form of an Islamic absolute monarchy.

Saudi Arabia has the world’s largest oil reserves and is the world’s largest oil exporter. Oil accounts for more than 90% of exports and nearly 75% of government revenues, facilitating the creation of a welfare state.

Language
Arabic. English is spoken in business circles.

Religion
The majority of Saudi Arabians follow Islam.

Source: AME INFO

Yanbu Industrial City
Yanbu is one of the world’s largest refineries of petroleum based products with a capacity of over 1.2 mbpd. This investment destination and resort on the shores of the Red Sea is the Kingdom’s downstream petrochemical centre. With a population of approx 87,000 people and a total area of 607 Km2, Yanbu is pursuing major chemical production in the energy intensive industries supported by global trade networks. The future of Yanbu is clearly set with the integration of its refineries, port and regional transport infrastructure providing massive investment opportunities for downstream derivative speciality chemicals and downstream manufacture clusters.

Jubail Industrial City
Saudi Arabia’s industrial mega city has over 1,016 Km2 of development and provides a base for some of world’s largest petroleum based multinationals. Whilst exceptional links between Jubail and Yanbu allow the cities to work together to divide the industrial base clearly, Jubail’s major international transport links to the rest of the world provide cost effective solutions for all major industrial sectors.

Ras AlKhair Industrial City
Minerals and manufacturing are the core activities of Ras AlKhair. This new major industrial base provides a hub for major international companies to work alongside the cluster industries of the mineral and metal sectors including; zinc, bauxite, phosphates, iron, copper, lead, magnesium, potash, sulphur, gypsum, silica and aluminium.