Professional Documents
Culture Documents
Business Environment
Business Environment
SAUDI ARABIA
A growing economy
The growth and importance of Saudi Arabia’s economy
is widely recognised and it is becoming increasingly
attractive to foreign investors. It is the largest economy
in the Middle East, with a GDP of SAR 2.9 trillion (US$
782 billion) in 2018, and it aims to be one of the largest
economies in the world over the coming decade
Geography
Location: Arabian Peninsula
Capital: Riyadh
Currency: SAUDI RIYAL(SR)
Land boundaries: Iraq, Jordan, Kuwait, Oman, Qatar,
the United Arab Emirates and Yemen
Climate: Mostly dry desert; high temperatures during
the day, falling to low night-time temperatures during
winter months
Terrain: Mostly sandy desert
Time zone: GMT +3
People
Population: 34 million (2019 )
Ethnic groups: Arab (90%), Afro-Asian (10%)
Religion: Muslim; open worship of other religions is not
permitted
Language: Arabic; English is widely spoken in business
circles
Government
Country name: Kingdom of Saudi Arabia
Government type: Theocratic monarchy
RELEVANT LEGAL REFORMS
CULTURAL
No Alcohol and Pork
Religion Public Female Conservatism
Business close during 4 prayers/ day
governed
rules
Communication style
Visiting a home
Taboos
CONCLUSION: