Key Facts about KSA

In the trade scenario, the Kingdom of Saudi Arabia holds a number of recognitions. First of all, it is the leading manufacturer of petrochemicals in the MENA region. Besides owning the world’s quarter share of oil reserve, it is credited to possess the world’s fourth largest natural gas reserve. From exceptional geographical opportunities and steady growth to unmatched investment incentives and liberal business policies, a variety of other aspects also contribute to the steady influx of investors turning to exploit the lucrative opportunities of Saudi Arabia. Let us examine some of them.

  • With a per capita income of more than $30,000, the Kingdom of Saudi Arabia is obviously one of the most developed nations.

  • Minimal power and industrial land expenditure mean incredible cost cutback. Thanks to generous financial support offered by the government.

  • Highly sophisticated infrastructure and communication system

  • Duty free access to nations in GCC as well as MENA regions

  • Favourable fiscal setting characterised by zero personal income tax

  • The Saudi Riyal (SDR), pegged to the US dollar without any margin on foreign exchange, indicates the stability of currency.

  • Being one of the nations that makes up G20 representing the world’s 20 wealthiest economies, Saudi-based businesses provide a distinct competitive advantage.

  • Saudi Arabia promotes for highly broadened market exposure by providing easy access to both budding Asian and advanced European economies.

  • To top it all, Saudi Arabia is a member nation of the World Trade Organisation (WTO), thereby ensuring unperturbed trade opportunities.