Riyadh city• Riyadh( ar-Riyāḍ) is the capital of Saudi Arabia, located slightly east of the center of the country• It is also the capital of Saudi Arabia, and belongs to the historical regions of Najd and Al-Yamama.• It is situated in the center of the Arabian Peninsula on a large plateau.• Riyadh, which grew from a small, fortified desert village in the 17th century into a modern metropolis• Riyadh is one of the richest cities in the Middle East and the 80th richest city in the world• Riyadh has become a focal point for both travel and trade.
• Riyadh suffers from the worst of Saudi Arabias climatic extremes.• Riyadh is very much a car-oriented city.• Post office boxes are knowing landmarks.• Riyadh is considered as the capital city financial and business center of the Middle East.• Olaya District is the commercial heart of the city, with accommodation, entertainment, dining and shopping options• King Fahd Rd and Makkah Rd intersecting at Cairo Square
Facts about Riyadh• The current mayor of Riyadh is Abdullah Bin Abdul Rahman Al Mogbel, appointed in 2012.• Riyadh governor Prince Sattam bin Abdul Aziz.• Divided into 15 municipal districts, managed by Riyadh Municipality• Population : 7 million• The population of Riyadh is 60% Saudi and 40% foreign.• Riyadh’s population is quite young; more than half of the residents are younger than 20 years old.• Area: 1,554 km²• Currency : Saudi Riyal (SAR) (1 USD = 3.7 SAR)
• King Fahd road is the main road in Riyadh city and considered as the most beautiful street of Riyadh.• The industrial areas are located on the East and the North- East of the city• Educational, financial, agricultural, cultural, technical, and social organizations.
Living in Riyadh• Eating out is one of the few pleasures of Riyadh• Olaya District• The Kingdom Center• Al Faisalyah• Al-Tahlya Street
Economy• About one-third of the country’s factories are located in Riyadh.• Riyadh is an important financial, business, and manufacturing centre.• Government ministries and public services headquarters : public sector the city’s largest employer.• A number of banks are headquartered in the city.• Every publicly quoted company is compelled by law to have an office in the city.• Diversifying the economy
Growth Sectors• Information and communication• Manufacturing / Production• Health• Education• Construction
Business Negotiating• Decisions are made slowly.• The society is extremely bureaucratic.• Decisions are made by the highest-ranking person• Saudis are tough negotiators.• Repeat your main points since it will be interpreted as meaning you are telling the truth.• Do not use high-pressure tactics.• Decisions are easily overturned.• You may need to compromise on a point if someones dignity is at stake.• There is a tendency to avoid giving bad news and to give effusive acceptances, which may only mean perhaps.
Wasta• Translated into English as "clout, connections, influence, or pull.• Far more effective than bribes• Wasta can be a significant hindrance to economic development.• Western mantra of "location, location, location“ to a Middle East one of "wasta, wasta, wasta“• "Todays wasta is too often a middle-man, seeking fame and fortune by doing favors."