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India - Saudi Arabia Business and Cultural Council

Saudi Arabia, located in the Middle East, is known for its vast deserts and rich oil reserves. It is the birthplace of Islam, with Mecca and Medina being its two holiest cities. Its capital is Riyadh.

Ambassador and Consul General

Global India Business Forum presented Honorary membership to Abdulla AlMarzouqi Consul General of The United Arab Emirates in Mumbai. The GIBF team had a fruitful discussion to collaborate with Saudi Arabia to explore different business opportunities and trade between two countries. Global President of GIBF, Dr. Jitendra Joshi and Co-Founder & Director - Global Operations, Deepali Gadkari attended the meeting.

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

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

Petroleum and petroleum products.

About Saudi Arabia

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 in Saudi Arabia

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.

Exports and Imports In Saudi Arabia

In May 2024 Saudi Arabia exported SAR104B and imported SAR67.6B, resulting in a positive trade balance of SAR36.6B. Between May 2023 and May 2024 the exports of Saudi Arabia have increased by SAR7.53B (7.79%) from SAR96.7B to SAR104B, while imports increased by SAR2.04B (3.11%) from SAR65.6B to SAR67.6B.

Top Exports of Saudi Arabia

In May 2024, the top exports of Saudi Arabia were Mineral Products (SAR76.3B), Chemical Products (SAR6.89B), Plastics and Rubbers (SAR6.31B), Transportation (SAR5.98B), and Machines (SAR3.67B).

Top Imports of Saudi Arabia

In May 2024 the top imports of Saudi Arabia were Machines (SAR18.8B), Transportation (SAR9.05B), Chemical Products (SAR6.92B), Metals (SAR5.84B), and Mineral Products (SAR3.73B).

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Global India Business Forum - Brochure

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