{"id":101308,"date":"2023-06-07T13:54:40","date_gmt":"2023-06-07T13:54:40","guid":{"rendered":"https:\/\/octagona.com\/?p=101308"},"modified":"2024-06-10T15:48:16","modified_gmt":"2024-06-10T15:48:16","slug":"how-and-what-to-export-to-saudi-arabia","status":"publish","type":"post","link":"https:\/\/octagona.com\/en\/come-e-cosa-esportare-in-arabia-saudita\/","title":{"rendered":"How to export to Saudi Arabia?"},"content":{"rendered":"<p><strong>Relations between Italy and Saudi Arabia are strengthening at various levels<\/strong>: political, economic, commercial, and cultural. Italy indeed looks to Saudi Arabia as an investment opportunity in the context of <a href=\"https:\/\/www.vision2030.gov.sa\/\" target=\"_blank\" rel=\"noopener\">Vision 2030<\/a>, an ambitious plan for reforms and economy based on services, knowledge, tourism and start-ups. Among the Vision's projects are giga-ops such as <strong>the futuristic city of Neom<\/strong>, luxury resorts along the Red Sea coast, <strong>the Qiddiya theme park<\/strong> and tourism development of archaeological sites such as <strong>Al Ula and Diriyah<\/strong>.<\/p>\n<p>Therefore, in this article we will analyze <strong>The latest trends in Made in Italy in Saudi Arabia.<\/strong>, and then move on to study the most successful sectors in the market. Finally, we will review everything you need to export to Saudi Arabia, including new regulations and required documentation.<\/p>\n<p>\u00a0<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 ez-toc-wrap-center counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewbox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewbox=\"0 0 24 24\" version=\"1.2\" baseprofile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/octagona.com\/en\/come-e-cosa-esportare-in-arabia-saudita\/#Perche_esportare_in_Arabia_Saudita\" >Why export to Saudi Arabia<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/octagona.com\/en\/come-e-cosa-esportare-in-arabia-saudita\/#Cosa_vendere_in_Arabia_Saudita\" >What to sell in Saudi Arabia?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/octagona.com\/en\/come-e-cosa-esportare-in-arabia-saudita\/#I_settori_a_maggiore_crescita\" >The fastest growing sectors<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/octagona.com\/en\/come-e-cosa-esportare-in-arabia-saudita\/#Tre_modi_efficaci_per_vendere_in_Arabia_Saudita\" >Three effective ways to sell in Saudi Arabia<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/octagona.com\/en\/come-e-cosa-esportare-in-arabia-saudita\/#Conclusioni\" >Conclusions<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Perche_esportare_in_Arabia_Saudita\"><\/span>Why export to Saudi Arabia<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>\u00a0<\/p>\n<p>In this section, we will explore the reasons why Italian companies should consider exporting to Saudi Arabia, taking advantage of the opportunities offered by Vision 2030 and the tax benefits present in the country.<\/p>\n<p>\u00a0<\/p>\n<h4><strong><span style=\"font-size: 14pt;\">Saudi Vision 2030: a new development strategy<\/span><\/strong><\/h4>\n<p>Vision 2030 was adopted by Saudi Arabia in 2016 and aims to <strong>To radically transform the country economically, socially and culturally<\/strong>. The objective is to create national production chains, promote private initiative, and launch productions with high local content, involving Saudi labor. This transformation process will be supported by major projects led by the Saudi sovereign wealth fund, such as the futuristic smart city of NEOM, the Qiddiya entertainment park, and the Red Sea Project resorts.<\/p>\n<p>\u00a0<\/p>\n<h4><strong><span style=\"font-size: 14pt;\">Strategic geographic location and infrastructure<\/span><\/strong><\/h4>\n<p>Saudi Arabia is the main country in the Gulf and enjoys a strategic geographical position that<strong> quickly connects to Africa, Europe, and Asia<\/strong>. The country has excellent infrastructure, including transportation, telecommunications, and information technology, as well as a well-capitalized banking and financial system. With 28 airports handling over 90 million passengers annually from more than 45 countries, accessibility to the Saudi market is simple and straightforward.<\/p>\n<p>\u00a0<\/p>\n<h4><strong><span style=\"font-size: 14pt;\">Demographic divide and young market<\/span><\/strong><\/h4>\n<p>With a population of<strong> 36.4 million inhabitants, two-thirds of whom are young people under 35 years old<\/strong>, Saudi Arabia offers a dynamic and growing market. This demographic dividend represents a great opportunity for companies looking to enter sectors such as technology, fashion, and the cultural industry, which are particularly attractive to the younger segments of the population.<\/p>\n<p>\u00a0<\/p>\n<h4><span style=\"font-size: 14pt;\"><strong>Tax advantages<\/strong><\/span><\/h4>\n<p>Saudi Arabia offers attractive tax advantages for businesses and investments.<strong> The country does not tax personal income and applies a tax rate of 20% on business income and 15% on VAT.<\/strong> Numerous agreements have been signed to avoid double taxation, including an agreement with Italy. Additionally, no import duties are foreseen for materials, equipment, and technologies necessary to launch new productive investments. There are also exemptions from the Saudization regulations and facilities for visas and residence permits for qualified personnel.<\/p>\n<p>\u00a0<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Cosa_vendere_in_Arabia_Saudita\"><\/span>What to sell in Saudi Arabia?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>\u00a0<\/p>\n<p>Despite efforts for economic diversification, the oil industry still benefited from the increase in oil prices throughout the year.<\/p>\n<p>Despite an overall negative trade balance, Italy is among the top 10 suppliers to Saudi Arabia, after Germany. Italian exports to Saudi Arabia in 2024 are at<strong>upped by 18.7% from 2023<\/strong>, reaching a total value of 8.2 billion euros.<\/p>\n<p><strong>But what are the main sectors in which to export Made in Italy to Saudi Arabia?<\/strong> Analyzing the data published by the Ministry of Foreign Affairs, we can make a real ranking of the most promising sectors for Italian exporting companies.<\/p>\n<p>In detail, the general-purpose machinery sector ranks first, with 1,598 million euros in the first half of 2024, thus accounting for 32.8% of total Made in Italy exports. In second place are electrical appliances, which with 444 million euros accounted for 9.1%% of total Italian exports. The transport equipment sector closes the podium with 428 million euros in value (8.8%% of the total).<\/p>\n<p><img decoding=\"async\" class=\"wp-image-103529 aligncenter\" src=\"https:\/\/octagona.com\/wp-content\/uploads\/2023\/06\/Screenshot-2024-06-10-174301.png\" alt=\"\" width=\"628\" height=\"367\" srcset=\"https:\/\/octagona.com\/wp-content\/uploads\/2023\/06\/Screenshot-2024-06-10-174301.png 756w, https:\/\/octagona.com\/wp-content\/uploads\/2023\/06\/Screenshot-2024-06-10-174301-300x175.png 300w, https:\/\/octagona.com\/wp-content\/uploads\/2023\/06\/Screenshot-2024-06-10-174301-18x12.png 18w\" sizes=\"(max-width: 628px) 100vw, 628px\" \/><\/p>\n<p>\u00a0<\/p>\n<h2><span class=\"ez-toc-section\" id=\"I_settori_a_maggiore_crescita\"><\/span>The fastest growing sectors<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>\u00a0<\/p>\n<p>The <strong>fashion industry<\/strong> it also has room for improvement, as Italian signatures are a reference point for the Saudi market, especially among the younger segments of the population, which make up about two-thirds of the total.<\/p>\n<p>In the data relating to exports for the first two-year period of 2024 to Saudi Arabia, totaling 8.2 billion euros, ours stand out first and foremost <strong>machinery<\/strong> and other electrical appliances, which together with the <strong>means of transportation<\/strong>, already account for more than 50% of the index, reflecting the high regard in which our technology is held in this market, particularly in the industrial sector. Saudi Arabia, in fact, views our manufacturing industry as a model to emulate within the framework of its National Industry Strategy.<\/p>\n<p>In the wake of the ongoing strong development of the urban-real estate sector, it is also reasonable to expect an increase in sales of <strong>furniture and furnishings<\/strong>, in light of the renowned Italian tradition in interior design. Prestigious brands such as Poltrona Frau, Minotti, iGuzzini, and Cavalli Casa are already present in this market. Looking ahead, the growth of hospitality in connection with tourism may fuel further demand for our furniture and furnishings, considering that the major hotel chains already present in Saudi Arabia furnish their interiors with Italian design.<\/p>\n<p>\u00a0<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Tre_modi_efficaci_per_vendere_in_Arabia_Saudita\"><\/span>Three effective ways to sell in Saudi Arabia<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>\u00a0<\/p>\n<p>As seen, exporting to Saudi Arabia has enormous advantages for Italian companies interested in expanding their horizons and accelerating their growth process. But on the facts, how do you go about exporting to the Saudi market?<\/p>\n<p>The options available to businesses are many, but according to Octagona only 3 can really make a difference, and we present them below:<\/p>\n<ul>\n<li><strong>Online sales via marketplace or e-commerce<\/strong>: is definitely the cheapest option, as it avoids the physical component of doing business abroad, such as transfers or costs for a network of agents, participation in trade shows, or a direct physical presence with a subsidiary. This is a suitable solution for those who want to sound out the Saudi market. <a href=\"https:\/\/octagona.com\/en\/2023\/04\/11\/digital-export-why-important-to-export-your-business\/\" target=\"_blank\" rel=\"noopener\">Without having to spend excessive resources and time<\/a>, but with the great disadvantage of having to wait a long time to see results;<\/li>\n<li><strong>Relying on a Temporary Export Manager<\/strong>: With a somewhat more challenging, but still limited budget, SMEs can achieve great results by relying on a <a href=\"https:\/\/octagona.com\/en\/temporary-export-manager\/\" target=\"_blank\" rel=\"noopener\">Temporary Export Manager (TEM)<\/a>. These are professional figures or companies of international trade specialists who work directly on Saudi territory, and act as the company's interface in Saudi Arabia. In other words, the figure functions as a hybrid between a foreign salesperson and a commercial agent, who for a limited time (usually at least a year) works on the company's business development.This is an extremely flexible solution that is perfect for companies that want to start an internationalization process;<\/li>\n<li><strong>Physical presence<\/strong>: this is the most economically demanding solution, but also the one that guarantees the greatest results. It is suitable for medium- or large-sized companies, or at any rate of companies that can dispose of a large amount of capital : the activity begins with frequent trips and trade missions to Saudi Arabia, and then culminates in a full-fledged corporate establishment abroad, with its own office and its own dedicated resources.<\/li>\n<\/ul>\n<p>\u00a0<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Conclusioni\"><\/span>Conclusions<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>\u00a0<\/p>\n<p>Saudi Arabia represents <strong>a market full of opportunities for Italian companies<\/strong> who wish to expand their international operations. Vision 2030 and the country's economic transformation offer a number of advantages, including local supply chains, large development projects, and a young, growing population. Furthermore, the favorable business environment and tax advantages make Saudi Arabia an attractive option for Italian companies seeking new international partnerships.<\/p>\n<p>\u00a0<\/p>\n<p><strong><em>Are you interested in exporting Made in Italy to Saudi Arabia? Then contact us and tell us about your project; we will study the best solution together with you.<\/em><\/strong><\/p>\n<p>\u00a0<\/p>\n<p>ALSO READ:<\/p>\n<p><a href=\"https:\/\/octagona.com\/en\/2023\/02\/02\/sell-dubai-united-arab-emirates-how-to-do-it\/\" target=\"_blank\" rel=\"noopener\">New business opportunities in the UAE for Italian companies<\/a><\/p>\n<p><a href=\"https:\/\/octagona.com\/en\/2023\/01\/26\/how-to-export-made-in-italy-to-germany-everything-you-need-to-know\/\" target=\"_blank\" rel=\"noopener\">How to export Made in Italy to Germany? Here's everything you need to know<\/a><\/p>\n<p><a href=\"https:\/\/octagona.com\/en\/2023\/05\/03\/why-you-should-export-asean-area\/\" target=\"_blank\" rel=\"noopener\">Why should you export to the ASEAN Area?<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>I rapporti tra Italia e Arabia Saudita si stanno rafforzando a vari livelli: politico, economico, commerciale e culturale. L\u2019Italia guarda infatti all\u2019Arabia Saudita come un\u2019opportunit\u00e0 di investimento nel contesto della Vision 2030, un piano ambizioso di riforme ed economia basata sui servizi, sulla conoscenza, sul turismo e sulle start-up. Tra i progetti della Vision, ci [&#8230;]<\/p>\n<p><a class=\"btn btn-secondary octgn-read-more-link\" href=\"https:\/\/octagona.com\/en\/come-e-cosa-esportare-in-arabia-saudita\/\">Read More&#8230;<\/a><\/p>\n","protected":false},"author":3,"featured_media":11825,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[241],"tags":[],"class_list":["post-101308","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-temporary-export-manager"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Come esportare in Arabia Saudita? | Octagona Srl<\/title>\n<meta name=\"description\" content=\"Vuoi scoprire come esportare in Arabia Saudita e quali sono i settori pi\u00f9 promettenti? 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