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Conducting business in Saudi Arabia: A brief for international managers
Author(s) -
Ali Abbas J.
Publication year - 2009
Publication title -
global business and organizational excellence
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.227
H-Index - 16
eISSN - 1932-2062
pISSN - 1932-2054
DOI - 10.1002/joe.20289
Subject(s) - multinational corporation , investment (military) , order (exchange) , business environment , foreign direct investment , politics , business , international business , economic stability , economic growth , finance , economics , management , political science , business administration , keynesian economics , law , macroeconomics
Among the countries in the Middle East, Saudi Arabia offers one of the most promising business opportunities in the foreseeable future for multinational corporations. The kingdom has embarked on billions of dollars' worth of investment projects and has developed a world‐class infrastructure. In recent years, Saudi Arabia has presented and cultivated a liberal and business‐friendly investment environment. In the last 20 years, political and economic stability have been achieved through serious and pragmatic measures and reforms that are aimed at strengthening the power of the ruling family while facilitating economic growth and foreign investment and involvement. This article provides useful information on the business, social, and economic environment. It aims to provide international managers with essential and insightful information in order to conduct business in Saudi Arabia with confidence and in the most effective way. The information and insight will enrich and sharpen international managers' skills in competing in the global marketplace. © 2009 Wiley Periodicals, Inc.