SAUDI ARABIA | Octagona Srl Experts in Business Internationalisation
Octagona Srl/SAUDI ARABIA

Selling in Saudi Arabia

Economic and trade relations between Italy and Saudi Arabia are becoming increasingly strong. Politically, both countries have set themselves the goal of reducing the crisis and uncertainty scenario caused by the conflicts in the Middle East as much as possible.
In the first months of 2023, Italian exports to Saudi Arabia reached EUR 3.3 billion.
It is evident that this country constitutes a strategic market dentro il quale i prodotti italiani acquistano rilievo anche rispetto agli altri paesi europei. L’Italia si colloca infatti al second place, after Germany, among European suppliers, with a market share of 2.8%.

Selling in Saudi Arabia

Economic and trade relations between Italy and Saudi Arabia are becoming increasingly strong. Politically, both countries have set themselves the goal of reducing the crisis and uncertainty scenario caused by the conflicts in the Middle East as much as possible.
In the first months of 2023, Italian exports to Saudi Arabia reached EUR 3.3 billion.
It is evident that this country constitutes a strategic market dentro il quale i prodotti italiani acquistano rilievo anche rispetto agli altri paesi europei. L’Italia si colloca infatti al second place, after Germany, among European suppliers, with a market share of 2.8%.

Why you should expand in Saudi Arabia

Among the strengths of this economy we find:

  • Saudi Vision 2030: new development strategy for the Kingdom
  • Membership of the G20, strategic geographical position, excellent infrastructure, demographic dividend
  • Improving business environment
  • Favorable taxation for businesses and investments
  • Support for the private sector and privatizations

What to sell in Saudi Arabia

The most attractive categories of goods for this market are:

  • Machinery and equipment
  • Basic pharmaceutical products and pharmaceutical preparations
  • Foodstuffs
  • Buildings
  • Mobile
  • Tourist flows
  • Products from mines and quarries
  • Coke and products derived from petroleum refining

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