Chamber of Commerce & Industries, its importance, functions, nature & activities in national & International business.

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Welcome Readers in the Blog Post of ‘Chamber of Commerce & Industries’ that reviews its importance, functions, nature & activities. For centuries, trade has been a vital component of all economies, contributing to both job creation and economic expansion. Companies buy raw materials and transport their goods to clients all over the world. Businesses of all sizes can benefit greatly from trade increased access to international markets, which can boost sales, diversify product offerings, expand customer bases, and increase profits. That’s why; the Chamber of Commerce & Industries is significant in trade.  Interested participants are requested to fill the online registration form given in the link below. Expression of Interest Form:     https://forms.gle/qJSrcAZCVDpVppnS8   Join with Us on Facebook for future update   https://www.facebook.com/share/g/18VkM6uUdH/ What is the Chamber of Commerce & Industries? You should be familiar with the goal of a ...
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Sourcing of Saudi Arabia @ ariyabiz.com

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Hi, today we are here for an economic overview of Saudi Arabia, one of the Middle East’s leading centers in international trade.



Trade Balance

Saudi Arabia  is a Middle Eastern Gulf County located near the Persian gulf with surplus Trade Balance.

Saudi Arabia has a large, resource-rich economy where oil and natural gas remain highly important. 

At the same time, driving diversification into tourism, manufacturing, logistics, technology, entertainment, finance and other non-oil sectors. 

Ease of Doing Business

In the World Bank’s final Doing Business 2020 ranking, Saudi Arabia ranked 62nd out of 190 economies, with a score of 71.6. 

Business Hubs

Major business centers include Riyadh, Jeddah, Dammam, Dhahran, Mecca and Medina. 

Riyadh is the leading financial, corporate and government center, while Jeddah is a major commercial and logistics hub. 

The Eastern Province of Saudi Arabia is particularly important for energy and petrochemicals.

Principal Industries

Principal industries include crude oil, natural gas, petroleum refining, petrochemicals, fertilizers, mining and energy services.

Imports and Partners

Saudi Arabia imports machinery, vehicles, electrical equipment, industrial components, pharmaceuticals, food products and consumer goods.

China was the largest source, followed by the European Union, the United States, the United Arab Emirates and India. 

Exports

Saudi Arabia’s major exports are dominated by crude oil, petroleum products, natural gas-related products and petrochemicals, plastics, chemicals and others. 

Political Culture

Saudi Arabia is a hereditary monarchy, with political authority centered on the royal family and strong state institutions. 

Social Culture

Socially, Saudi culture is deeply influenced by Islamic traditions, Arab heritage, family values, hospitality and community relationships.

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