BUSINESS CULTURE

  1. Local culture permeates all business aspects
  2. Personal relationships are crucial and time-intensive
  3. Trust-building precedes business discussions
  4. Face-to-face trumps written communication
  5. Saudis want partners who commit locally

LEGAL ENVIRONMENT

  1. "Localization" reigns supreme in Saudi business
  2. High retail license costs necessitate local distributors
  3. Strict rules are required to enter market
  4. E-commerce governed by specific regulations
  5. "Saudization" mandates local employee quotas

MAIN CHALLENGES

  1. Lack of information and data on market
  2. Building local networks is time-consuming
  3. Trustworthy local partners are hard to find
  4. High cost to set up a local business entity
  5. Difficulties to navigate local rules and regulations
  6. Difficulties to build a local team with proper skill