Trade environment in Saudi Arabia.

No. Examined Question Focused Expanded
1 What is the Overview of the Trade Environment? –     Saudi Arabia is paving a path from an oil dependent Economy to a Middle Eastern Hub for International Trade & Commerce –          Saudi Arabia is well situated to become the center for Trade & Commerce

o   Occupying the largest country in the Gulf Region, Saudi Arabia has 9 main ports on the Arabian Gulf & Red Sea.

o   Young & Growing Population: 32M with 70% under 30 years old which will drive strong consumption growth

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o   Modern: Almost 8R0% live in cities and 88% own at least one smartphone

o   Largest Economy in the Middle East & Top 20 in the world: 786.5b USD (2018)

o   Only G20 Member in the region

–          By following the Masterplan of Vision 2030: Saudi Arabia is aiming to diversify and grow its private sector and increase non-oil exports

o   Accelerating Policy Changes & Reforms

o   Expanding Private Sector Investment in sectors such as Logistics, Transportation, Trade, Entertainment, Education, Healthcare: This creates many opportunities for Global companies

–          Saudi Arabia is paving a path from an oil dependent Economy to a Middle Eastern Hub for International Trade & Commerce

o   At the Crossroads of Asia, Europe & Africa

–          In this Paper, we will examine the following:

o   What Has Improved in Saudi Arabia?

o   How Did Saudi Arabia Achieve the improvements so far?

o   What can we expect from the Future?

2 What has Improved in the Saudi Trade Environment? –     Policies & Procedures

–     Trade Infrastructure (Digital & Physical)

–     Mapping of Progress

–     Look at Policies of Starting a Business (SAGIA), The Import & Export Process (Saudi Customs), Enhancing the Digital & Physical Infrastructure (Mawani, Tabadul & Saudi Exports)

–     Mapping of the Progress

–     Improvements in Trade infrastructure, poilicies and procedures

–     General Indices (LPI, Trading Across Border, MAI, Liner Shipping Index etc.)

3 How did Saudi Arabia Achieve these Improvement? –     The Economic Diversification of the Saudi Economy: Accelerating the Export Enabling Initiatives to Increase Non-Oil Exports

–     A Look at Selected Initiatives (Ports, Customs, Transportation, etc.)

–     The importance of initiatives to facilitate trade & exports

–     List of initiatives, which ones have been achieved and upcoming

4 What can we Expect Next? –     The Challenge Ahead

–     Government Support for the Private Sector (especially SME’s)

–     Next in Line: Growing the Logistics, Transportation, Trade Hub, EPZs,

–     Free Trade Agreements

–     Cooperating to boost Trade on a GCC Level

–     Eyes on the East: The Growing Trade with Eastern Markets

–     Non-Oil Exports have been growing, but oil still makes up a majority of external sales, reflecting the size of the challenge facing the Kingdom with respect to economic diversification

–     Dropping Oil Exports to USA & Increasing to China. This indication that Saudi Arabia has to expand in the Eastern Hemisphere

–     Growing the Contribution Rate of SME’s to the National GDP

–     Upcoming: The Growth in Logistics and Transportation

 

 

 

 

 

 

 

 

 

 

 

  • Saudi Arabia is well situated to become the center for Trade & Commerce
    • Occupying the largest country in the Gulf Region, Saudi Arabia has 9 main ports on the Arabian Gulf & Red Sea.
    • Young & Growing Population: 32M with 70% under 30 years old which will drive strong consumption growth
    • Modern: Almost 80% live in cities and 88% own at least one smartphone
    • Largest Economy in the Middle East & Top 20 in the world: 786.5b USD (2018)
    • Only G20 Member in the region
  • By following the Masterplan of Vision 2030: Saudi Arabia is aiming to diversify and grow its private sector and increase non-oil exports
    • Accelerating Policy Changes & Reforms
    • Expanding Private Sector Investment in sectors such as Logistics, Transportation, Trade, Entertainment, Education, Hi-Tech, Healthcare: This creates many opportunities for Global companies
  • Saudi Arabia is paving a path from an oil dependent Economy to a Middle Eastern Hub for International Trade & Commerce
    • At the Crossroads of Asia, Europe & Africa
  • In this Paper, we will examine the following:
    • What Has Improved in Saudi Arabia?
    • How Did Saudi Arabia Achieve the improvements so far?
    • What can we expect from the Future?

 

 

 

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