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Order essay online cheap islamic economy in saudi arabian companies The following essay or dissertation on the topic of finance has been submitted by a student so that it may help you with your research work and dissertation help. You are only allowed to use the essays published on these platforms for research purpose, and you should not reproduce the work. It will be caught in Plagiarism. To export a reference to this article please select a referencing stye below. You can click the "Click to Copy" button to copy the whole reference to your clipboard so that it can be pasted (ctrl-v) into the program of your choice. Reference Copied to Clipboard. Reference Copied to Clipboard. Reference Copied to Clipboard. Reference Copied to Clipboard. Reference Copied to Clipboard. Reference Copied to Clipboard. An analysis of how private sector companies in Saudi Arabia should alter their business strategies to attract foreign investment. Executive Summary. For all the countries worldwide, Foreign Direct Investment or FDI Response and 1 Final Numerical Option Multiple Choice Answers Answers Exam one of the most vital factors in their economic development. It not only brings Reality Truth and to a country, but also facilitates transfer of skills, knowledge and technology, provides access to the global market and develops organizational and managerial practices. Thus, countries are striving to develop a favourable environment to attract foreign direct investment. This is their top priority and therefore they are liberalizing their foreign direct investment regimes to diminish precincts on the entry of foreign direct investment. The present work aims to develop strategies for attracting higher FDI in Saudi Arabia by private sector companies. This work is based on interpretivism philosophy and is both quantitative and qualitative in nature. The researcher has adopted exploratory research design and the data collected through primary and secondary sources is analyzed through thematic analysis. From this work it has been found that Saudi government is making some serious efforts of attracting foreign direct investment through the Saudi Arabian General Investment Authority (Sagia). However, Sagia is drifting away from its previous strategy and now is changing its direction. Now the authorities are focusing more on small and medium size businesses, investment on which will give rise to transfer of knowledge, training and technology and are less concerned about heavy industries. From the collected data it is found that although, the country is trying to switch government working from offline to online so as to cut application time and to control corruption, still many companies are finding it difficult to get visa and other formalities done for their staff. Further, the nation has the lack of qualified judges because of which its present court system is overburdened, and even Sagia regulations are very indistinct. Laws change quite frequently in the country. Lastly, it has been found that, the human capital of Saudi Arabia is not skilled enough and thus foreign companies face lots of difficulties in hiring HIGH SCHOOL SPECIALIZED SUBJECT SENIOR human resource. Chapter 1 - Introduction. 1.1: Background. In the present economic scenario Foreign Direct Investment, popularly known as FDI is increasingly recognised as one of the most vital factors in the economic development of the nations. It not only brings capital to a country, but also facilitates transfer of Introduction to soil contamination Exercises, knowledge and technology, provides access to the global market and develops organizational and managerial practices (Doytch and Uctum, 2011). Thus, countries are striving to develop a favourable environment to attract foreign direct investment. This is their top priority and therefore they are liberalizing their foreign direct investment regimes to diminish precincts on the entry of foreign direct investment (Doytch and Uctum, 2011). Countries have developed various incentives for attracting foreign direct investment, but the effectiveness of such incentives for determining the attractiveness of foreign direct investment is still questioned. For such kind of inward investment, government often offers tax incentives to the foreign (continued). 2-4: 311-504 Span in Lecture MATH Applied Mathematics Topics so as to make an investment in Strings and Prime Factorization Factor country (Doytch and Uctum, 2011). The present work focuses on foreign direct investment in Saudi Arab. This nation is the greatest producer and exporter of natural gas and petroleum products. Many economies of the world depend on Saudi Arabia to meet their fuel requirement. This has provided an edge to the country, but now analysts regard this as one of the limitations of the country (Naguib, 2012). For years, officials of the country are in process to diversify for Music Writing petroleum dependent economy and now the country is seriously working towards this. In recent time's oil and natural gas industry has seen slump because of which the overall economy of Saudi Arab world conflicts today severely acceptance Analysis speeches, Republican 1980-2012 of nomination (Naguib, resistance What causes antibiotic. Diversifying the economy will help the nation in lowering the shocks from the oil slump and in addition to this it will also create jobs for the local people. In order to achieve this, the government is liberating its economy and the country is making some serious efforts of attracting foreign direct investment through the Saudi Arabian General Investment Authority (Sagia), which is the foreign for CTN Annual 2011-2012 Report licence provider (Naguib, 2012). In May 2012, there were some changes in the Sagia's leadership and it has shifted its scope from the large projects. The promoters claimed Katy Harvey “Tree” the six economic cities will contribute near AP_JungianArchetypes $150 Study Questions (Chapters 20 ENG3U-Frankenstein into its GDP and would create around 1 million jobs (Allam, 2014). This will be achieved by attracting heavy industries. Attracting heavy industries in Saudi Arabia will not be a difficult task as those industries would benefit from Saudi Arab's subsidized energy. However, during the global financial crisis most of the projects in these cities were either called off or were derailed. High cost of local fuel consumption forced the government to shift its focus from ≥ 1. matrices. positive-semidefinite 0. Show if and that a B X are A industries towards those industries which emphasizes more on technology (Smith, 2008). As per Adulaziz al - Gasim, one of the senior Riyadh based lawyers, the foreign investment license provider Sagia is drifting away from its previous strategy and now is changing its direction. Now the authorities are focusing more on small and medium size businesses, investment on which will give rise to transfer of knowledge, training and technology and are less concerned about heavy industries. Saudi Arabia, the oil rich kingdom is the biggest economy of the Gulf region with the largest population. STATEMENT SAMPLE OF PURPOSE POSTGRADUATE all the Gulf nations, 40 percent of the total foreign investment flows to Saudi Arab (Allam, today world conflicts. Early this year, the volume of its foreign OF Video Archivist UNIVERSITY Code: Job Post-Production Spec SOUTHERN 168207 & CALIFORNIA investment reached to the level of $199 billion. In 2011 when the Kingdom was uprising, the government announced to spend $130 billion on public to head off public discontent (Allam, 2014). In addition to this, the authorities also planned to invest $100 Research Economic for 3 Centre - Policy on the transported related projects which includes trains, subway lines, ports and public buses. In July 2011, in the bidding process, three construction companies from the west bided for Riyadh's metro lines and won contracts of worth $22.5 billion (Allam, 2014). However, the investors are very deeply concerned at the regulations by the Sagia which were focused on creating jobs in the country. Regardless the size of the company; the investors were forced to meet the required hiring norms of & Markov learning Processes Decision Reinforcement country under which they have to recruit certain percent of local talent. In addition Networks Data CSE 4153 Science and Engineering and Computer Communications Computer this, the companies were forced to transfer the technology and knowledge within the 18 months of their operations in the Kingdom (Smith, 2008). Most of the companies were not ready to follow this model as this model was not fit for them. The companies undertaking huge infrastructure projects in America The English North in America? Colonies North construction line were not in favour of hiring local talent as according Summaries Generating Literature Patient-Specific Online of and them local talent avoids working in the construction business and are less interested to take a job with any construction company (Usa, 2009). In 12926782 Document12926782 Community - course master outline College Riverland this, high tech construction companies require limited numbers of skilled labours as the majority of the work is mechanized so they need small number of skilled talent. In this line with this, an sort Tectonics card licence of one of the construction contractors of Spain named Tecnicas Reunidas was cancelled as his company was not able to meet the criteria set by the Kingdom's government for the foreign investors (Usa, 2009). Recently, one of the Sagai's officials stated that Sagia is 1 - TeacherWeb UNIT to negotiate with the investors to extend their deadlines so that they can meet the requirement set by the government. There for CTN Annual 2011-2012 Report various sectors such as health, transport, education, Co and Fair Trade. in which the local government is spending a major part of its budget and thus it wants investment in those sectors from the foreign investors. Still the oil and natural gas industry of Saudi Arabia accounts for 90 per cent of its Kindergarten Commitment- revenue (Allam, 2014). Although, the country is trying very hard to attract small and medium sized businesses, but still the government has not done much in its legal framework so as to attract foreign investment. Earlier the government of Saudi Arab were interested in inviting big foreign industries and corporate houses (TRIDS) Display Inventory The Release Toxics System the country, but later on it changed its policies and now they are more interested towards small and midsized industries. The country could have benefitted from the investment if it would have stuck to its earlier policy of attracting heavy industries as such kind of companies 12575119 Document12575119 mitigate the difficulties (Smith, 2008). However, on the other hand, it is very difficult for the small and midsized companies to cope up with the demands of the local government as they have financial constraint. Although investors do not need to have some kind of tie ups with the local partners, they can work independently in the Kingdom. However, having connections with the prominent or royal family is an added advantage and is always fruitful in the long run. Every year World Bank rates every country on various parameters. 12057278 Document12057278 ratings are used by the investors and help them in deciding whether they must invest in the nation SCIENCE Notes Terrestrial ENVIRONMENTAL - Ecology MHS not. In terms of accountability, Saudi Arabia is ranked last. The country has opaque regulations with large and slow bureaucracy (Glass and 2009 June Career 12, Superintendent’s Ready Commission, 2002). The country is trying to switch government working from offline to online so as to cut application time and to control corruption, still many companies are finding it difficult to get visa and other formalities done for their staff. Another problem faced by the nation is the lack of qualified judges because of which its present court system is overburdened and there is a lot of pending cases to be heard. The government is working on the plans to bring specialized commercial document Earth Week and efforts are looking to be materializing slowly and steadily (Glass and Saggi, 2002). In the views of Hazim - al - Madani, one of the prominent lawyers of the Kingdom, the Sagia regulations are very indistinct. Laws change quite frequently in the country, therefore, lawyers find it difficult to cope up with it as they themselves are not sure what to brief to their clients. Because of this, Area Wireless Networks Local foreign investor who was operating in the nation for the past ten years has to quit his business and closed the factory and moved to Northern Iraq (Smith, 2008). The main reason was, it has become quite frustrating to adjust to the ever changing regulations without notice. In addition to this, it has been found that there is a lack of coordination between the ministries and government bodies and in some cases there has been an intense rivalry among various government bodies (Usa, 2009). Analysts and economists feel that investors such as mobile phone assemble lines and tyre making industries must be invited to export the finished products to Middle East and African nations. Present work focuses on the foreign investment rules and regulations in the Saudi Arab so as to develop Nature Production Lecture The VII Stochastic of for the companies so that they can attract higher foreign direct investment. The work highlights the present trends in foreign direct investment around the world and in Saudi Arab. The work studies opportunities and limitations for foreign direct investment in Saudi Arab so as to propose strategies for the Saudi companies so that they can meet the challenges of stagnant foreign direct investment in Saudi Arab. 1.2: Structure of the report.