Introduction from the Saudi British Joint Business Council (SBJBC)
The Saudi British Joint Business Council (SBJBC) is delighted to contribute to this new edition of ‘Doing Business in Saudi Arabia Guide’.
SBJBC is an independent and private sector led association with over 150 members, which aims to develop and enhance business relations at all levels between Saudi Arabia and the United Kingdom.
We are members of the British Chambers of Commerce global business network, and offer a range of advisory services and access to high level governmental and private sector networks in both Kingdoms.
SBJBC UK is chaired by the Rt Hon Baroness Symons of Vernham Dean, and is a not-for-profit company based in Grafton Street, Mayfair. The Saudi Co-Chair is Sheikh Nasser AlMutawa AlOtaibi. The Council of Saudi Chambers of Commerce provides the Saudi Secretariat in Riyadh.
The Council’s principal objectives are to:
Promote business and partnership opportunities in both Kingdoms, particularly for small and medium sized businesses;
Provide support and advice to SBJBC members and potential members seeking to do business in either Kingdom;
Offer a voice for business concerns and potential trade impediments with authorities in both countries;
Facilitate training, technology transfer and knowledge exchange between the UK and Saudi Arabia in support of Saudi Vision 2030 implementation.
Saudi Arabia is engaged in an ambitious programme of economic and social reform which provides many opportunities for UK companies to contribute their expertise. SBJBC works closely with a wide range of Saudi Ministries and private sector organisations to facilitate mutually beneficial partnerships.
For example, SBJBC works closely with the Saudi SME Authority and the Saudi Investment Authority (SAGIA) to encourage the development of an improved business environment particularly for SMEs. Our recent SME Partnership Forum at Level39 in April 2018, focused on smart cities, fintech, cyber security and e-commerce co-operation. We are also working with the Saudi National Centre for Privatisation & PPP on access to UK expertise.
UK companies entering the Saudi market can expect a warm welcome provided they commit to a long-term presence and transfer of skills and expertise. Saudi Arabia is no longer just a market to sell to. The opportunities lie more in joint ventures and partnerships that create jobs and increase local content.
SBJBC has an invaluable network of Saudi and British members who are willing and able to assist companies new to the market, or those seeking to expand their Saudi presence. We work closely with both governments and Saudi and British Chambers of Commerce to facilitate business relations at all levels.
We welcome new members and have a variety of membership options including Individual, SME and Corporate. For more information on the Council and its activities please consult our website: www.sbjbc.org, or contact one of our team on: Tel +44 (0) 20 824 1933, Email: firstname.lastname@example.org.
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