INDIA - SAUDI ARABIA BUSINESS & CULTURAL COUNCIL

india-saudi-arabia-business-and-cultural-council

Ambassador and Consul General

Global India business forum presented Honorary membership to Abdulla AlMarzouqi Consul General of The United Arab Emirates in Mumbai. A fruitful discussion to collaborate GIBF and Armenia to explore different business opportunities and trade between two countries. Global President- GIBF Dr Jitendra Joshi and Global Cordinator Deepali Gadkari attend the meeting.

embassy-of-saudi-arabia-ambassador-and-consul-general

Machinery and equipment, foodstuffs, chemicals, motor vehicles, textiles

Petroleum and petroleum products.

ABOUT

ABOUT SAUDI ARABIA

Saudi Arabia, officially the Kingdom of Saudi Arabia (KSA) is a located in Western Asia. It spans for majority of the Arabian Peninsula with an area of approximately 2,150,000 sq.km. Saudi Arabia is the largest country in the Middle East and is the second-largest country in the Arab world. It shares its borders with Jordan and Iraq to the north, Kuwait to the northeast. Qatar, Bahrain, and the United Arab Emirates are to the east, Oman to the southeast and Yemen to the south. It is separated from Egypt and Israel in the north-west by the Gulf of Aqaba. It is the only country with a coastline along both the Red Sea and the Persian Gulf, and its terrain is mostly arid desert, lowland, steppe, and mountains. Its largest and capital city is Riyadh, and the country is home to Mecca and Medina, the two holiest cities in Islam. It will also be host to prestigious Formula 1 Saudi Arabian Grand Prix to be held at the Jeddah Street Circuit from 2021.

BUSINESS OPPORTUNITIES

BUSINESS OPPORTUNITIES IN SAUDI ARABIA

Saudi Arabia is one of the top 20 economies in the world and is second behind Turkey in the Arab world economies. It has an economy heavily dependent on oil and is a member of OPEC. Its main industries are Crude oil production, petroleum refining, petrochemicals, ammonia, industrial gases, sodium hydroxide, cement, fertilizer, plastics, metals, ship repair, aircraft repair, construction.

business-opportunities-saudi-arabia-india-saudi-arabia-business-and-cultural-council

EXPORTS AND IMPORTS IN SAUDI ARABIA

In 2021, Saudi Arabia was the number 18 economy in the world in terms of GDP (current US$), the number 26 in total exports, the number 32 in total imports, the number 53 economy in terms of GDP per capita (current US$) and the number 31 most complex economy according to the Economic Complexity Index (ECI) .

top-export-of-saudi-arabia-india-saudi-arabia-business-and-cultural-council

TOP EXPORTS OF SAUDI ARABIA

The top exports of Saudi Arabia are Crude Petroleum ($138B), Refined Petroleum ($35.9B), Ethylene Polymers ($12.5B), Propylene Polymers ($7.13B), and Acyclic Alcohols ($5.39B), exporting mostly to China ($48.7B), India ($25.6B), Japan ($24.1B), South Korea ($21.5B), and United Arab Emirates ($14B).

top-import-of-saudi-arabia-india-saudi-arabia-business-and-cultural-council

TOP IMPORTS OF SAUDI ARABIA

The top imports of Saudi Arabia are Cars ($12.1B), Refined Petroleum ($7.43B), Broadcasting Equipment ($4.29B), Gold ($3.65B), and Packaged Medicaments ($3.13B), importing mostly from China ($29B), United Arab Emirates ($22.3B), United States ($11.6B), India ($8.69B), and Germany ($6.42B).

Go To Back