Doing Business in Saudi Arabia 101: Investing in the Kingdom

May 18, 2017

President Donald Trump will be making his first official overseas trip as president to the Kingdom of Saudi Arabia, commencing May 20, 2017. During the course of the president’s trip, over US$100 billion worth of military-related agreements are expected to be concluded. Saudi Aramco, the major state oil producer, also intends to sign several energy-related agreements with a number of major U.S. companies. This comes against a backdrop of Saudi Aramco’s plans to list shares next year in what is expected to be the world’s largest IPO, billed by The Economist as the potential “sale of the century”. Furthermore, the Kingdom aims to raise around US$200 billion over the next few years through privatization programs in 16 sectors ranging from oil to healthcare, education, airports and grain milling. Given the Kingdom’s appeal as a destination for investments, here is some basic guidance on investing in the Kingdom of Saudi Arabia.

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