Graduation project - Research Paper Example

The kingdom of Saudi Arabia is located in the Middle East and is one of the fastest growing economies in the world. Characterized by numerous business opportunities, the country is among the top rated investment destinations of the world. To most people, the name Saudi Arabia is associated with religious oppression and fewer people always think of investment to this unique location. Located in the middle of the Asian desert, Saudi Arabia is a dry country with a rich number of oil wells that is one of the key economic boosters that the country has.

Most of the oil is sold to the western countries that either promise cash in return or improve the living conditions of the Saudi people. Starting or doing a business in Saudi can be quite challenging especially for foreign investors. The country has strict Islamic laws that govern almost all the industries and sectors of the economy. In order to facilitate the writing of this paper, literature on how trade is affected in Saudi Arabia was collected with relevance to the topic of discussion kept in mind.

The banks and the entire economy strictly follow the Shariah laws of banking that maintain that loans do not gather any interest at all. It is for this reason that most investors find it challenging especially if their field of business will be affected by the strict laws. Coming into power in 2005, his majesty king Abdullah has had a lot of impact on the economy and living standards of the Saudi people. The country currently enjoys peace and is one of the countries in the Middle East that experience peace and political stability.

This paper is a critical review of the current laws and economic standards that affect businesses in Saudi and some of the challenges that one might face in order to establish a business in Saudi. It is however important to note that this guide is a general overview of the situation in Saudi and should not