Doing business in Saudi Arabia
For many years, it has been possible to do business with the industry majors in Saudi Arabia like Saudi Aramco, SABIC. Once the company was qualified and listed on the approved vendors list, it was possible to participate in projects or deliver and supply materials.
Because of the drive to localize the business, these industry majors are now evaluating their existing supply base on their local content contribution. Companies, on the list for years, but without a strategy to comply with the local content guidelines of the various companies, are at risk of losing their preferred position to companies that take the guidelines seriously.