How to invest in saudi arabia
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How to invest in Saudi Arabia Introduction
Saudi Arabia is the largest country of the Middle East. It is today in the top 20 Destinations for foreign direct Investments and is planning to enter the top 10 by 2010.
The government has taken several initiatives to make the economy attractive to foreign business, with infrastructures and reforms.
Nonetheless, there are several aspects that one should be aware of in order to establish a company in the Kingdom in the most successful way possible.
In this report, you will find all the information necessary to have an overall comprehension of the situation in Saudi Arabia. Political, Economic, Social, Technologic, Legal and Environmental (PESTLE) aspects will be dealt with in a specific way so you can take the most efficient decisions in terms of management.
Content
Politics:
Few things to know about politics in Saudi Arabia:
Saudi Arabia is an absolute monarchy controlled by the family Saoud. King is at the same time Head of State and a leader of the government.
The constitution of the country is based on the Koran and the Sunna. No demonstration or cult of another religion is accepted and those who express as such a different opinion are declared apostates and liable to the death penalty.
Executive power belongs to the King Abdallah. About the legislative power the consultative Assembly account 150 members named for four years by the king, among whom six women. Its role is essentially consultative and its power is extremely restricted. The consultative Assembly was created in 1993.
The political parties and the labor unions are not authorized. The green Party of Saudi Arabia is the only active political formation in the kingdom, but its existence is not legally recognized.
The first elections, at the municipal level only, took place in 2005, and it is important to note that two women were elected to the Council of Jeddah. The vote should be authorized for the women during the next municipal