Good business in Saudi Arabia but costs high
Companies will have to pay up to $166,000 a year to set up a manager to win business in oil-rich Saudi Arabia, according to a British guide. The figure includes salary, car. accommodation costing up to $3BOO a month for a three-bedroom villa, office space, and allowances. The estimates are given by the Confederation of British Industry as a guide to companies setting up business in the Middle East.
The Director general (Sir Terence Beckett) says in an introduction that substantial
business awaits British companies in the oil markets of the Middle East provided they are prepared to go out and fight for it. British exports to the Middle East last year totalled 59258 M. an increase of 17 per cent over 1979. Saudi Arabia was the biggest market. An Arabic typewriter will cost $912 in Syria, a shampoo and set $1250 in Saudi Arabia, and a bottle of whiskj’ up to $BB in Algeria.
but petrol is only 10c a gallon in Kuwait, the guide savs.
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Press, 5 August 1981, Page 23
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175Good business in Saudi Arabia but costs high Press, 5 August 1981, Page 23
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