Conducting Business in Saudi Arabia

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Conducting Business in Saudi Arabia The language of business doesn’t follow one set of strict rules. The people in Saudi Arabia conduct different business practices and customs from the way people in the United States are accustomed to. The differences can vary widely depending mainly on: what type of business is being conducted, the gender of those conducting business, and the location and time of meetings. Saudi Arabia is one such country that has very different rules for conducting business. It would be almost impossible for a foreigner to conduct business in Saudi Arabia without noticing and adhering to the differences in the way business is conducted and learning basic formalities. Saudi Arabia’s official name is The Kingdom of Saudi Arabia because it is ruled by an absolute monarchy. “An absolute monarchy is a type of government where the King or Queen has the power to rule his or her country and its citizens freely with no opposition to this control. The Central Intelligence Agency’s Fact-book writes about the Kingdom’s economy as such: Saudi Arabia is an oil-based economy with strong government controls over major economic activities. High oil prices have boosted growth, government revenues, and Saudi ownership of foreign assets, while enabling Riyadh to pay down domestic debt. The government is encouraging private sector growth especially in power generation, telecommunications, natural gas exploration, and petrochemicals - to lessen the kingdom's dependence on oil exports and to increase employment opportunities for the swelling Saudi population, nearly 40% of which are youths under 15 years old. Saudi Arabia is the birthplace of Islam and home to Islam's two holiest shrines in the cities of Mecca and Medina. Citizens and visitors must follow the rules of Islam while in the country as “one-hundred percent of people who live there are of the Muslim
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