Mrs. Najah Alkutbi
Head of Market Entry - DEinternational DEinternational
+966 55 703 0376 alkutbi@ahk-arabia.com saudiarabien.ahk.de
Find out about the wide range of business opportunities at the “Business Breakfast KSA” and receive valuable tips on how to enter the local market. Meet Najah Alkutbi, Head of Market Entry.
Business Breakfast Saudi Arabia
Target Group
Professionals Managing directors, executives and decision-makers, Small and medium-sized enterprises (SMEs), Project managers, Independent Enterprise
When and Where
Date: Monday, July 14, 2025
When: 9:00 a.m. – 2:00 p.m.
Venue: Chamber of Industry and Commerce Nuremberg for Middle Franconia.
IHK Nuremberg for Middle Franconia
Hauptmarkt 25/27
90403 Nuremberg, Germany
The market Saudi Arabia in brief
The diversification of the Saudi Arabian economy opens up great opportunities for German companies to cooperate. For example, the German mechanical engineering industry is an important partner in the expansion of the manufacturing industry.
German machine deliveries increased by 24 percent in 2022 and 2023 respectively. In the 1st half of 2024, there was an increase of 7 percent. The full-year value could rise to over 1.5 billion euros. One of the main goals of the "Vision 2030" development plan is to reduce dependence on the oil sector.
In addition to the expansion of the manufacturing industries, the focus is primarily on services. In contrast to the previously dominant, very capital-intensive oil industry, many new jobs are being created for the young local population in the service industry. Examples are the rapidly expanding leisure and tourism sector and the logistics industry.
The restructuring of the country towards climate neutrality could give the economy important impetus. Saudi Arabia wants to achieve the "net zero" target by 2060, but at the same time keep its oil production and exports at a high level. The increased use of renewable energies is intended to contribute to climate neutrality. However, there is greater interest in CCUS technologies (Carbon Capture, Usage and Storage). By 2035, a CCUS capacity of 44 million tonnes of CO₂ per year is to be achieved.
The interest of foreign companies in Saudi Arabia has increased noticeably in recent years. A major reason for this is the numerous megaprojects that have been announced or have already begun. Most projects are financed entirely or substantially by the state Public Investment Fund (PIF). The more positive assessment of the Saudi Arabian market is also due to some improvements in the legal and administrative framework. In addition, the partial modernization of the very conservative Islamic social order has contributed to an image improvement.
Register to the Event
Contact
IHK Nürnberg für Mittelfranken
Sigrid Sehrig
Veranstaltungsmanagement International | Zentraler Auskunftsdienst
sigrid.sehrig@nuernberg.ihk.de
Telefon 0911 1335-1399
GESALO | Delegation der Deutschen Wirtschaft für Saudi-Arabien, Bahrain und Jemen
Najah Al-Kutbi
Mobil: +966 55 7030376
E-Mail: alkutbi@ahk-arabia.com
Find out about the wide range of business opportunities at the "Business Breakfast KSA" and receive valuable tips on how to enter or expand your activities in the Saudi Arabian market. Our expert Ms. Najah Alkutbi (Head of Market Entry – DEinternational and Head of DEInternational) of the German Chamber of Commerce Abroad (AHK) in Saudi Arabia will offer you an exchange on the current economic situation, business opportunities, do's and don'ts.
Take the opportunity to receive valuable information and individual advice on topics such as market entry strategies, local business practices, etc.
Learn more about the event on the website of IHK Nürnberg für Mittelfranken here. (in German)
