Local presence in Saudi Arabia is increasingly topping the agenda of companies who do, or who want to do business in Saudi Arabia. This drive to localize the business is the result of the Saudi Government’s Vision 2030, which is now the guideline for most companies for the next years to come. The Vision 2030 has resulted in a set of initiatives e.g. IKTVA (In Kingdom Total Value Add Program) from Saudi Aramco or Nusaned from SABIC. Working in line with the Vision 2030 is becoming increasingly conditional for executing possible future contracts in Saudi Arabia.
Best Practice is there to assist foreign companies in doing business locally in order to increase their local presence, or increase their total In Kingdom turnover. The next years to come, there will be success for those companies that will recognize the potential of the Saudi market and adjust their business model accordingly.
We look forward to start discussions with those companies who believe that the Saudi market can be their (next) successful market in the Middle East.
Best Practice will support you with your business
and market entry strategy whatever form fits your best.