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A Business Report About An Arab Country InTRODUCTION

   

Added on  2021-01-01

9 Pages2707 Words223 Views
A BUSINESS REPORTABOUT AN ARABICCOUNTRY

Table of ContentsINTRODUCTION.........................................................................................................................1MAIN BODY................................................................................................................................1Impact of Saudi Arabia on international trade..........................................................................2Cultural Diversities...................................................................................................................3Economic Diversities................................................................................................................5Opportunities while carrying out business in Saudi Arabia......................................................5Challenges while conducting business operations within Saudi Arabia...................................5CONCLUSION.............................................................................................................................6REFERENCES..............................................................................................................................7

INTRODUCTIONSaudi Arabia is a country situated within Western Asia comprising a large proportion ofArabian Peninsula. In terms of geography, it is the biggest sovereign state located within MiddleEast and is found to be the second biggest within Arab world. This country shares borders withIraq and Jordan in North; Kuwait in North-East; Qatar, UAE as well as Bahrain in East; Oman inSouth-East and Yemen in South (Ramli, Hiendro and Al-Turki, 2016). This is a potential regionwhich attracts a number of potential investors and foreign entrants. This report is based upon theopportunities as well as challenges posed by the entry of foreign companies and investors in thenation.MAIN BODYSaudi Arabia is a nation which is a strategic location for businesses and individuals toinvest large sum of money in order to enhance the existing position in market place, thereby,increasing the revenues as well as profitability. This is the only country which has both a PersianGulf as well as Red Sea Coast and majority of the terrain of this nation comprises lowland, ariddesert and mountains. As per the reports of October 2018, this national economy was the biggestof the Middle East and 18th greatest of the globe. Further, nearly half of the population of thiscountry belongs to young generations with approximately 50% of its existing quantum of 33.4million being under the age of 25 years. The geography that is now considered as Saudi Arabiawas historically the composite of a number of ancient civilizations as well as cultures. The prehistory of this nation illustrates some of the earliest marks of human acts across the globe. Islam,second biggest religion of the global world, has its emergence owing to modern Saudi Arabia.Within the primal 7th century, Muhammad, the prophet of Islam was the one to unite the massesof this nation and to develop an individual Islamic religious polity. Following the demise ofMuhammad in 632, the followers under him quickly carried out expansion of the territory underthe confines of Muslim rule beyond the boundaries of Arabia, gaining control over the newswathes of regions (Alshehry and Belloumi, 2015). Being such an excellent strategic location, itis successful in gaining the attention of a large number of investors and individuals to put a lot ofmoney in this nation in order to earn huge returns owing to the massive development of thisnation and the strong economy. The infrastructural facilities in this place suffice the needs andrequirements of small as well as large scale business organisations. 1

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