Export to Saudi Arabia: where to start?
The Kingdom of Saudi Arabia is the largest economy in the Arab world. It accounts for 25% of the Arab world’s Gross Domestic Product (GDP). Saudi Arabia has an oil based economy with strong government controls over major economic activities.
Strengths of the Saudi market include:
- No taxation on personal income
- Proximity to other Gulf markets
- Key member of the Gulf Cooperation Council (GCC)
- Largest economy and population in the Gulf region
- Identifying suitable sponsors for initial entry into the market
- Finding an appropriate Saudi partner for joint ventures
- Lead time to establish legal entities and obtain licenses from appropriate ministries
You must apply through the relevant government ministries for licenses to do business in Saudi Arabia.
How to find good dealers or franchisees in Saudi Arabia?
First of all you need to have a good business concept, that is clear, appealing and above all: proven. But then you have to translate it to the local situation, because spending power and buying habits in this country may be different. We can help you with a first Market Quick Scan and help you translate your concept to the local situation. Then you can start searching for the right dealer or franchisee to roll it out.
We have a clear and structured approach to find the best partner
We first want to the characteristics of the dealer or franchisee that you are looking for. Based on your information, we make a long-list of 15-20 potential partners that fit your description. After your approval we find the right decision maker, approach him or her personally and share your business profile with them. This mostly leads to 3-5 companies who are suitable as your partner and interested in working with you. Once we have found these companies, we plan your meetings and accompany you during the first visits.