“In Saudi Arabia money never talks” said the President of Czech Saudi Chamber of commerce
Saudi Arabia is the one of the most important trading partner for Czech companies in the Middle East. Mutual exchange of goods is growing at a solid pace for 10 years. Czech exports during January-October of this year increased by almost half (47 percent) to 8.8 billion. In this time period the value of imports is much higher is 540 million compared with 205 million in the comparable period last year.
“Saudis are considering Czech as a credible partner. This is evidenced by the fact that the country has 500 of our health professionals, mostly nurses, even in royal families,” says Martin Vrba, president of the Saudi-Czech Chamber of Commerce.
What is crucial for the Czech company to succeed in the Saudi market?
The country is divided into clans, which has a strict hierarchy at the same time. It is necessary to have a local partner. It gets you nowhere without the local partner. The business environment is fundamentally different from our own, European….
More information about the interview can be found online: Hospodářské noviny (in czech only)