PRO services in Saudi Arabia-Thinkdirect BPO

1. Business Opportunities in Saudi Arabia

2. The Kingdom of Saudi Arabia and its Economy Saudi Arabia's economy is primarily based on revenues from the oil and gas industry. Rising oil prices fueled the Kingdom's growth in the last decade (until 2014), resulting in lower government debt and higher fiscal surpluses. Saudi Arabia is a petroleum-based economy with the world's largest proven crude oil reserves. Saudi Arabia is also the world's largest exporter of petroleum, with roughly 17% of the world's total proved petroleum reserves, according to OPEC. Non-oil sectors, particularly construction, real estate, healthcare, and education, continue to offer economic prospects, though most enterprises are being more cautious than in the past. However, since summer 2014, the economy has been impacted by falling oil prices. To minimize its reliance on the oil and gas sector, the government wants to diversify its economy by reinvesting oil and gas income in non-oil industries like infrastructure, construction, education, tourism, and manufacturing. “We have outlined a comprehensive and ambitious Vision for Saudi Arabia until the year 2030. It is the first step on our journey toward a better, brighter future for our country and our citizens… This Vision will be the point of reference for our future decisions, so that all future projects are aligned to its content.” -Vision 2030

3. Global Business in Saudi Arabia For decades, Saudi Arabia has conducted business with the rest of the world. This has typically been done through oil exports, which still account for 90% of the state's revenue. Oil also accounts more than 90 percent of the country's exports. Saudi Arabia has the world's greatest oil reserves, accounting for nearly a quarter of global reserves. Petrochemicals, electricity, telecommunications, healthcare, and even tourism are now major business, attracting international investment and bringing fresh life and business opportunities to this enormous land. The government is aiming to transfer reliance on oil from industry, agriculture, and business to industry, agriculture, and commerce to enhance global business opportunities.

4. Industrialization and opportunities in Saudi Arabia In terms of opportunities, real estate, hotels, and construction are the most important businesses in Saudi Arabia. A growing population, urbanization, religious tourism inflow, ease of doing business, and a focus on economic diversification have all contributed to the country's improved investment potential. In the next five years, the government wants to build a number of schools and hospitals around the Kingdom. Furthermore, the government is concentrating on establishing economic cities, industrial hubs, and healthcare facilities that will attract investment and business. In short, Saudi Arabia is a great place to do business.

5. PRO services in Saudi Arabia With the global business opportunities expanding at a very high rate, you can now easily set up business in Saudi Arabia by availing PRO services in the Kingdom. Thinkdirect BPO has the top PRO-related solutions in Saudi Arabia and has been active in the international market for over a decade providing one window solution to business enthusiasts. Thousands of people and businesses have benefited from us and are now successfully running their businesses here in the Kingdom. Our PRO services in Saudi Arabia generally involve handling all types of paperwork, such as dealing with immigration issues, arranging visas for you and your employees, having municipality work done on schedule, dealing with foreign affairs paperwork, and many more. When executing these tasks, there are certain methods that you need to follow and as an outsider, it might be difficult for you to accomplish all those tasks. We have a staff of the greatest PROs in Saudi Arabia that are masters at what they do and are well-versed in regional complexities and procedures. Contact us to know more: +966 55 445 1174 or email us at info@thinkbpo.me.