Quick summary | | | | |
Preferred city for incorporation of the company? | Dammam | Jeddah | Riyadh | Medina |
Most popular business sector? | Oil & Gas | Manufacturing of textile | Manufacturing and finance | General retail |
Specific attractive Government incentives available? | Yes | Yes | Yes | Yes |
Oil fields available in this region? | Yes | Yes | Yes | Yes |
CBD monthly office rental per sq m? | US$22 | US$26 | US$28 | US$22 |
Average skilled labour monthly salary? | US$2,500 | US$2,500 | US$2,500 | US$2,500 |
Average unskilled labour monthly salary? | US$900 | US$900 | US$900 | US$900 |
Minimum monthly wage for local employees? | US$800 | US$800 | US$800 | US$800 |
English spoken by what % of population? | 10% | 25% | 35% | 20% |
Computer literacy rate? (% of population) | 50% | 65% | 65% | 60% |
Literacy rate? (% of population) | 87% | 94% | 94% | 90% |
Proximity of sea port to the main city? | 19km | 24km | 394km | 152km |
Proximity of airport in kilometres to the main city? | 35km | 45km | 28km | 15km |
Local Municipality business location licensing body | Eastern Province Municipality | Holy Makkah Municipality | Al Riyadh Municipality | Al Madinah Regional Municipality |
Logistical considerations | | | | |
Attractive Region for oil and gas business? | Yes | Yes | Yes | Yes |
Attractive Region for foreign investment? | Yes | Yes | Yes | Yes |
Attractive Region for an export-oriented business? | Yes | Yes | No | No |
CBD monthly office rental per sq m? | US$33 | US$22 | US$31 | US$25 |
Average monthly electricity prices? (per Kwh) | US$0.042 | US$0.042 | US$0.042 | US$0.042 |
City airport with flights to Europe and America? | No | Yes | No | No |
Proximity of rail in kilometres to the main city? | 18km | 5km | 6km | 2km |
Quality of internet broadband and Wi-Fi? | Good | Good | Good | Good |
Total population? (in millions) | 5 | 8.5 | 8.3 | 2.1 |
Local purchasing power (GDP per capita)? | US$55,940 | US$31,273 | US$32,372 | US$24,000 |
Business output market size? (in US$ billions) | 388 | 135 | 137 | 83 |
Market size relative to the economy? | 60% | 21% | 21% | 13% |
Corporate Banking and Finance considerations | | | | |
Is the main city an industrial hub? | Yes | Yes | Yes | Yes |
Is the main city an oil industry hub? | Yes | Yes | Yes | Yes |
How many global banks are based in the region? | 1 | 1 | 12 | 1 |
How many KSA banks with local branches? | 11 | 4 | 23 | 19 |
Recommended bank for corporate banking? | SABB | Samba | QNB | Bank Al Jazira |
Client must travel for account opening? | No | No | No | No |
Quality of bank customer services? | Good | Good | Very Good | Good |
Quality of online banking services? | Good | Good | Excellent | Good |
English e-banking platform available? | Yes | Yes | Yes | Yes |
Does the Region have a reputable financial district? | No | No | Yes | No |
Does the Region have a local Stock Exchange? | No | No | Yes | No |
Are there Private Equity Funds/VCs in the Region? | Yes | Yes | Yes | Yes |
Expatriate employment considerations | | | | |
Average skilled labour monthly salary? | US$2,500 | US$2,500 | US$2,500 | US$2,500 |
Average unskilled labour monthly salary? | US$900 | US$900 | US$900 | US$900 |
Minimum monthly wage for local employees? | US$800 | US$800 | US$800 | US$800 |
Is there a large expatriate community in the main city? | Yes | No | Yes | No |
What seasons/month should travel to this region be avoided? | July-August | July-August | June-August | July-Sep |
International schools for children of expatriate employees? | Yes | Yes | Yes | Yes |
Will I find European F&B products in the supermarkets? | Yes | Yes | Yes | Yes |
Mercer Survey Ranking for global cities? | Not ranked | 165 | 164 | Not ranked |
Is the main city of the Region safe for expatriates? | Yes | Yes | Yes | Yes |
How many hospitals and health centres in this region? | 46 | 31 | 33 | 20 |
Accounting and tax considerations | | | | |
Monthly and quarterly tax filing required? | No | No | No | No |
Business incentives offered by the national government? | Yes | Yes | Yes | Yes |