More than 250 Portuguese companies are ramping up preparations to invest in Saudi Arabia, the Saudi Press Agency reported.
These companies have recently participated in a specialized training program designed basically to prepare them for Saudi market.
Led by an elite group of Saudi legal and financial experts, the program featured a couple of intensive workshops organized in Lisbon by the Saudi-Portuguese Business Council at the Federation of Saudi Chambers.
Crucially, the first workshop delved into government incentives, foreign investor privileges, as well as licensing requirements. Meanwhile, the second one discussed several topics such as banking services, including account opening, digital banking, and financing solutions. Furthermore, they focused on payments, international transfers, investment services, currency exchange, cash management, guarantees as well as bank credits.
This achievement represents a significant milestone in the council’s pursuit to relocate the regional headquartered of global companies in the Saudi Arabia.
To this end, the council is intensifying its efforts to offer comprehensive data about business environment, market entry strategies, investment opportunities as well as incentives.
Commenting on the occasion, the council’s President Alwalid bin Khaled Albaltan noted that the council has provided Portuguese investors with full support and facilitated all their entry procedures through various agreements.
In the light of this, the program serves as an exclusive opportunity for Portuguese companies to embark on investment journeys in the Kingdom in line with the Saudi Vision 2030.
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