Country Profile

Saudi Arabia

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Recognized as the largest country of the arabian peninsula, saudi arabia abutted jordan on the northeast side and iraq on the north side. The nation is considered as the birthplace of islam religion. With an area of around 2,149,690 sq km, it is home to around 28,161,417 people. Possessing around 20% of world's oil reserves, saudi arabian economy is somehow based on its oil reserves. Private sector contributes nearly 40% in GDP. Industrial sector is a major GDP contributor at 65.9% followed by service sector(31.1% ) and agriculture sector(3%). Saudi Arabia ranks on 61 position in human development index with 0.812 value.

Snapshot

Official Name	-	Kingdom of Saudi Arabia
Capital City	-	Riyadh
Type of Government	-	Monarchy
Currency	-	Riyal
Fiscal Year	-	Calendar Year
Official Language(s)	-	Arabic
Local Time	-	AST (UTC+3)
International Dialling Code	-	+966
Internet Domain	-	.sa
Major Cities	-	Riyadh , Taif , Jeddah, Dammam, Al-Hasa ,Dhahran, Jizan, Jouf, Khobar
Major Industries	-	Crude Oil Production, Petroleum Refining, Basic Petrochemicals, Ammonia, Industrial Gases, Sodium Hydroxide (caustic soda), Cement, Fertilizer, Plastics, Metals, Commercial Ship Repair, Commercial Aircraft Repair, Construction
Major Trading Partners	-	Japan, USA, South Korea, China, Taiwan, Singapore, Germany
Double Taxation Treaty with India	-	Yes

Economic Overview

The nation's economy is considered as one of the largest economy in the middle east.
The nation has the largest oil reserves in world.
Largest exporter of oil.
Tourism industry is booming with an increase in number of visitors regularly visiting pilgrimage to mecca and madina.

International Trade

Major Export Items
Petroleum and Petroleum Products

Main Destinations of Exports
U.S.A, Japan, South Korea, The People's Republic of China, Singapore

Major Import Items
Machinery and Equipment, Foodstuffs, Chemicals, Motor Vehicles, Textiles

Main Origins of Imports
U.S.A, Germany, Japan, UK, The People's Republic of China

Contacts of Trade Ministries/ Associations

Council of Saudi Chambers of Commerce and Industry	Eastern Province Chamber of Commerce and Industry	Jeddah Chamber of Commerce and Industry
P.O. Box 16683 Riyadh 11474, Saudi Arabia Tel.: +(966)-(1)-4053200 Fax: +(966)-(1)-4024747	P.O. Box 719 Dammam 31421, Saudi Arabia E-mail: awo.amerika@wko.at	P.O. Box 1264 Jeddah 21431, Saudi Arabia Tel.: +(966)-(2)-6515111 Fax : +(966)-(3)-8570607
Abha Chamber of Commerce and Industry	Al-Ahsa Chamber of Commerce and Industry	Federation of GCC Chambers
P.O. Box 722 Abha, Saudi Arabia Tel.: +(966)-(7)-2271818/2271200 Fax: +(966)-(7)-2271919	P.O. Box 1519 Al-Ahsa 31982 Saudi Arabia Tel.: +(966)-(2)-5820458/5871178 Fax: +(966)-(2)-5875274	P.O. Box 2198 Dammam 31451 Tel.: +(966)-(3)-8265943 Fax: +(966)-(3)-8266794
Hafar Al-Baten Chamber of Commerce and Industry	Hail Chamber of Commerce and Industry	Yanbu Chamber of Commerce and Industry
P.O. Box 984 Hafar Al-Baten, Saudi Arabia Tel.: +(966)-(3)-7220976 Fax: +(966)-(3)-7220976	P.O. Box 1291 Hail, Saudi Arabia Tel.: +(966)-(3)-5321060 Fax: +(966)-(3)-5331366	P.O. Box 58 Yanbu, Saudi Arabia Tel.: +(966)-(4)-3237878/3227722 Fax: +(966)-(4)-3226800

Business Visa Rules

A visa application form accompanied with 1 photograph and valid passport.
A letter written on the company's letterhead indicating the purpose of visit and duration of stay in saudi arabia. It should be signed by an authorized person other than the applicant itself.
A letter of invitation from business associate or an organization based in saudi arabia. It should be signed and bear stamp of saudi arabia chambers of commerce.

Business Hours

Banks: Saturday to Wednesday from 08.00 - 12:00

Public Holidays

Festival	Date
Saudi National Day	September 23
Eid al-Fitr/ Djoulde Soumae (Ramadan ends)	Date Varies
Eid al-Adha (Feast of the Sacrifice)	Date Varies

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