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Saudi Arabia business practices are also highly dependent on the religious customs and practices of Islam. Therefore, foreign business officials should arrange appointments keeping in mind the 5 daily prayer times of Arabs. Another important fact that should be kept in mind is that the Saudi Arabian week begins on Saturday and ends on Wednesday. Although Saudi Arabian culture is extremely relaxed, yet they are responsible in their business dealings and are known to be highly hospitable in nature. Hierarchy is given utmost value within the Saudi Arabian corporate structure. High-ranking officials may exercise complete authority over their juniors. Business dealings in Saudi Arabia are highly dependent on trustworthy business relationships and mutual benefit. However, Saudi Arabia business dealings in are highly dependent on cordial relations and often involve the entire family of the business associate.
Saudi Arabia Trade
Business visitors to the country must necessarily acquire a business visa in order to enter into any business dealings with the business executives of the country. Although there have been certain backlogs in the payments, yet the Saudi government is trying to meet them. The legal system in Saudi Arabia protects both intellectual and property rights, however, the protection of property rights is limited to only works that have originated in Saudi Arabia. The Saudi department of customs checks all import and export passing through the Saudi ports. However, the government in the country is said to give preferential trademark rights to certain nations of the world like the US. There are restrictions on the import of certain articles, which are further exercised on the export of some other articles.
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