SAUDI ARABIA | Octagona Srl Experts in Business Internationalization.
Octagona Ltd./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 as much as possible the scenario of crisis and uncertainty caused by conflicts in the Middle Eastern territory.
In early 2023, Italian exports to Saudi Arabia touched values of 3.3 billion euros.
It is apparent that this country constitutes a strategic market within which Italian products also gain prominence compared to other European countries. In fact, Italy ranks at the 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 as much as possible the scenario of crisis and uncertainty caused by conflicts in the Middle Eastern territory.
In early 2023, Italian exports to Saudi Arabia touched values of 3.3 billion euros.
It is apparent that this country constitutes a strategic market within which Italian products also gain prominence compared to other European countries. In fact, Italy ranks at the second place, after Germany, among European suppliers, with a market share of 2.8%.

Why you should expand in Saudi Arabia

The strengths of this economy include:

  • Saudi Vision 2030: new development strategy for the Kingdom
  • G20 membership, strategic geographic location, excellent infrastructure, demographic dividend
  • Improving business environment
  • Favorable taxation for business and investment
  • Private sector support and privatization

What to sell in Saudi Arabia

The most appealing commodity categories for this market are:

  • Machinery and equipment
  • Basic pharmaceuticals and pharmaceutical preparations
  • Food products
  • Construction
  • Furniture
  • Tourist Flows
  • Products from mines and quarries
  • Coke and petroleum refining products

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