Why Saudi Arabia?

Key Geographic Position

Saudi Arabia has an important strategic location forming an ideal link between east and west. This geographic advantage makes Saudi Arabia an epicenter of trade and the gateway to the world giving a significant role as an integral driver of international trade and to connect three continents: Africa, Asia and Europe.

A Unique Regional Logistical Hub

Saudi Arabia has made heavy investments to fortify the logistics of transport including the construction of ports, railways, roads and airports. All transport operators including air and maritime are encouraged to work at their full capacity in an effort to establish durable trade hubs and assist in opening new trade routes.
To take full advantage of these investments, Saudi Arabia is looking to unlock its “hard” infrastructure with systems that can drive higher performance, including more rigorous governance, leaner processes and a more efficient customs system.
Laws and regulations on routes will be improved and implemented in an effort to reinforce the country’s position as a distinctive logistical gateway to the three continents.

Vision 2030 on International Trade

Saudi Arabia’s Vision 2030 is to maximize its investment capabilities by participating in large international companies and emerging technologies from around the world. There are plans to work with the private sector and enter into a new series of international partnerships to complete, improve and link our infrastructure internally and across borders.

Market Overview

Saudi Top Imports

IN 2017

Saudi importers spent the most on
the following sub categories of:

Machinery

  • Taps, valves, similar appliances
  • Computers, optical readers
  • Air conditioners
  • Machinery parts
  • Liquid pumps and elevators
  • Air or vacuum pumps
  • Piston engines
  • Turbo-jets
  • Temperature-change machines
  • Centrifuges, filters and purifiers

Electronic Products

  • Phone system devices including smartphones
  • Electrical converters/power units
  • Insulated wire/cable
  • TV receivers/monitors/projectors
  • Unrecorded sound media
  • High-voltage switches, fuses
  • Lower-voltage switches, fuses
  • Electrical/optical circuit boards, panels
  • Electric water heaters, hair dryers
  • Electric storage batteries

 

Saudi Textile & Leather Industry

The textile and leather industry in Saudi Arabia is expected to gradually grow as the consumer spending environment gradually strengths over 2017-2022. Population growth, rising female employment, and the government’s new cash-transfer programme are anticipated to provide support. Moreover, Saudi Arabian young adults and middle youth are projected to experience the largest increase in their disposable income, which is set to positively impact demand for clothing. As the financial burden from the continually rising cost of living eases, total disposable income is forecast to increase by a CAGR of 2.6% in real terms over the forecast period.