Foreword from Mr Simon Collis CMG, British Ambassador to Saudi Arabia
Welcome to this edition of the Institute of Export & International Trade’s (IOE&IT) Doing Business in Saudi Arabia Guide. Relations between the UK and the Kingdom of Saudi Arabia are built on more than a century of friendship and partnership. The visit by His Royal Highness Crown Prince Mohammed bin Salman to the UK last year, reinforced the historic ties between the UK and the Kingdom of Saudi Arabia. Both countries have committed to developing a deeper and more strategic partnership to enhance mutual interests.
The UK is committed to supporting Vision 2030, and Saudi Arabia’s programme for economic diversification and social reform. The UK is strongly placed to be an active partner in the core elements of the vision including public-private partnership, education reform, healthcare reform, promotion of tourism and creative industries and much more.
Saudi Arabia is one of our largest trading partners in the Middle East. The Saudi market offers significant business opportunities for UK firms across a range of sectors including energy, infrastructure, transport, education, healthcare, financial and professional services and more. At present, UK exports of goods and services to Saudi Arabia are around £6.2 billion a year, and our imports are about £3 billion.
You can find out more about these opportunities from the UK’s Department for International Trade (DIT). The DIT network in Saudi Arabia has wide ranging sectoral expertise and offices in Riyadh, Jeddah and Al Khobar. The DIT team will be working to support Saudi companies to invest in the UK and UK companies looking to export to Saudi Arabia.
I hope you find this publication useful. I invite you to contact our DIT team to discuss the next steps, and wish you all the best in developing and growing your business in this important market.
Mr Simon Collis CMG
British Ambassador to Saudi Arabia
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