2015年4月8日星期三

Saudi Arabia's business

Saudi Arabia or  Kingdom of Saudi Arabia , Now a days has a very good economy and people  are very much interested in investing in its business.  Saudi Business visa is easily available for those who are actually interested in  doing business there.  People are earning good in their business in Saudi Arab. The kingdom was founded by Abdul-Ariz bin Saudi.

Doing business in Saudi Arabia can be a highly-lucrative venture for Western business people if they can handle the culture differences. Saudi Arabia business is booming due to oil exports. The weekend in Saudi Arabia is Thursday and Friday. Saudi business people prey five times a day. Saudi culture is different from western culture.

During the month of Ramadan the business in Saudi Arabia slow downs, and that make the western people uncomfortable in business. Saudi businessmen do not discuss hard details of business deals immediately in a meeting; instead, they first chitchat and inquire about the each others welfare.
At present,  Saudi Arabia's statehood stands on oil alone. But oil prices are falling, so  this is an issue to worry about for the rulers as well as the investors. The  overall situation in the entire state is deteriorating. But "The World Bank"  rates  Saudi Arabia as the easiest place to do business in the entire MENA region. Among  Arab countries, the Kingdom is the easiest place to register property, get credit,  and start a business.  

Trust is very important while doing business with a Saudi man.  This is very important for a comfortable business dealings. Saudi culture has a less rigid concept of time and schedule compared to the West. Meetings are often loosely scheduled around set prayer times. It is common for them to be interrupted; sometimes, there may be multiple people in the same office discussing multiple business matters.
When you are done with the amount of knowledge you want to know about to do a business in Saudi Arabia, You should deal with the people of Saudi Arabia for sometime. This will help you to know about their nature. While doing business you will be families with the nature of people and doing business will become easier as compared to do a business without knowing the nature. As all the businesses can continue on  trust only, So trust is must in any business.


So all over we can say that doing business in that state is good and profitable but you should maintain trust as well as study their culture before starting any business in Saudi Arabia.

Constitution if Saudi Arab is totally based on their major religion that is Islam. The king of Saudi Arabia is the Head of state as well as head of government.  the king must comply with Sharia (that is, Islamic law) and the Qur'an. The Qur'an and the Sunnah (the traditions of Muhammad) are declared to be the country's constitution.  the government of Saudi Arabia is led by the monarch. People are very concerned about doing prayers even in their business.

Saudi Arabia has become one of the fastest growing IT markets in the Middle East region. Saudi Arabia is the Arab world's largest telecommunications market.  As per our study, the communications sector continues to be the largest investor in the IT industry.   IT is playing a major role in improving the Business culture and there are a number of foreign companies who are interested in investing in IT sector of Saudi Arabia.  

Tourism is also playing a major role in business in Saudi Arabia. So the government is trying to increase tourism in their area. The economic conditions can be improved with increase in tourism. So tourism is also a part of business. There are many places in Saudi Arabia which are the centre of attraction for the tourists.        


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