Starting a Business in Saudi Arabia
Starting a Business in Saudi Arabia Run by the Al Saud royal family, Saudi Arabia sits on twenty five percent of the world's oil reserves and has a capacity of producing nearly ten million barrels per day. It is the number one oil producer in the world and has a strong trade partner in the US and UK. The slick chance of natural resources has been the basis of Saudi's success as petroleum exports account for seventy five percent of the government's income. Why start a business here? Almost everything about the Middle East evokes antiquity and authenticity. Saudi Arabia can brag of expansion rather than geographical destiny, as there have been intensive efforts to redefine the economy. With all its reforms and liberalizations there are plenty of entry options for foreign investors. The government is concentrating on efforts to improve the education and employment rate of its population with $40bn set aside for infrastructure projects. With one of the most rapidly ...