3. Company Overview
One of the BIGGEST conglomerates in Bangladesh
Launched its venture as a small jute trader more than 50 years ago.
24 big concerns with diverse activities & different products.
The non-profit concerns are also involved in sustaining development of
the country & for social welfare.
11. /
SAUDI ARABIA THAILAND
Level of Political
Freedom
Islamic practices.
The slow and nontransparent
judiciary is not independent
The first military coup
Democratic
or
Totalitarian
Totalitarian Constitutional
monarchy
13. / Saudi Thailand
Starting the Business • A Conformity
Assessment Programme
• Require a Certificate of
Conformity
• Register to use e-
Customs system
• Review controlled goods
Submission
• verification
• Payment of duties and
taxes
• Inspection and release
of cargo
Making and Enforcing
Contract
Governed by the
conservative Hanbali
school of Sharia Law
The Thai Civil &
Commercial Code
Hiringand Firing Labour Law Thai Civil and Commercial
Code and Labor Protection
Act
Closing down the business Easy Easy
14. Language & Religion
The official language is Arabic
The official religion is Islam
The official language is Thai
The official religion is Buddhism
15. Saudi Arabia has a high score of 95 in PDI index
Thailand has a score of 64 in PDI Index
Which would suggest both accepts hierarchical order and high context
based culture
Power Distance
16. Feminine vs Masculinity
Masculine Based Society
Scores 60 in Pdi Index
To live to work
Feminine Based Society
Scores 34 in Pdi Index
To work to live
17. Risk taking Behavior Saudi Arabia vs
Thailand
Uncertainty Avoidance: Saudi Arabia scores a 80 where as Thailand
scores 64 and Bangladesh 60
Trust: Both are high context based which means we need to gain trust
from the local consumers first in order for our product to be a success
Future Orientation: Thailand with a score of 32 and Saudi Arabia with a
36 and Bangladesh with 47
Fatalism: Both are highly Fatalistic countries
18. Communication
Color: Our Product color would be Yellow , Orange and Blue
Body Language: Both uses Non verbal communication to relay
information to one another.
Time and Punctuality: Saudis and Thai are not very punctual are always
late.
Prestige: Both shows respect to people above in the hierarchial order
19. Middle Eastern Culture
High Context
Language Barrier
Muslim Based Society
Asian Culture
High Context
Language Barrier
Buddhist Based
CULTURAL
D____ISTANCE
21. Why could we choose to export our
product in Saudi over Thailand according
to the economic environment
Because of the comparison between Saudi and Thailand according to the
economic environment
GDP
GDP GROWTH
INFLATION RATE
INCOME DISTRIBUTION
Others (tax, CPI)
25. INCOME DISTRIBUTION
6,256.87
6,108.36
6,248.98
6,883.25
5,600.00 5,800.00 6,000.00 6,200.00 6,400.00 6,600.00 6,800.00 7,000.00
2014
2015
2016
2017
Income Distribution of Thailand
Series 1
24,929.31
21,063.31
20,288.92
21,057.33
0.00 5,000.00 10,000.00 15,000.00 20,000.00 25,000.00 30,000.00
2014
2015
2016
2017
Income Distribution of Saudi Arabia
26. OTHERS ( TAX, CPI)
Taxes yearly
Sales Tax rate 5 %
Security Tax rate 10 %
Security tax rate for
employees or companies
5 %
Actual Previous Highest Lowest Dates Unit
107.10 107.10 107.30 114.80 84.80 1999 -
2018
28. POSITIVE THAILAND MARKET INFORMATION
HIGHLY DEVELOPED COUNTRY WITH MORE BUSINESS OPPORTUNITIES
STRONG ECONIMIC STABILITY
DIVERSED CULTURE
GOOD GEOGRAPHIC LOCATION
HIGH TOURISM RATE
29. NEGATIVE THAILAND MARKET INFORMATION
HIGH CORRUPTION RATE
HIGH TARIFFS AND TAXES
HIGH POLITICAL PROBLEMS
PROBLEMS FOR GETTING
BUSINESS PERMIT AND
REGISTERING PROPERTY
LOW GDP PER CAPITAL
LOW CURRENCY VALUE IN
INTERNATIONAL MARKET
PROBLEMS IN MAINTAINING
COUNTRY’S LAW AND ORDER
30. POSITIVE SAUDI ARABIA MARKET INFORMATION
HIGH EMPLOYMENT RATE
LESS TAX RATES
MODERN INFRASTRUCTURE
POSITIVE INFLUENCE IN COUNTRY’S
LAW AND ORDER
POSITIVE BUSINESS CULTURE
GOOD SECURITY IN MAINTAINING
BUSINESS
POSITIVE GOVERNMENT SUPPORT FOR
INTERNATIONAL AND LOCAL BUSINESS
GROWING DIVERSIFICATION WITHIN
SAUDI ECONOMY
31. NEGATIVE SAUDIA ARABIA MARKET
INFORMATION
Identifying suitable sponsors for initial entry into the market
Finding an appropriate Saudi partner for joint ventures
Lead time to establish legal entities and obtain licenses from appropriate
ministries
32. REASONS TO CHOOSE SAUDIA ARABIA FOR OUR
PRODUCT EXPORT
Cheap price of our product compared
to other similar products in Saudi
market
Our product is more suitable for the
climate and population of Saudi
Arabia
High rate of immigrants in the country
mostly our own countrymen will be
familiar with the product
Low tax rates will help the business
grow and earn stable profit
Religion similarity with Bangladesh
will help the product be more suitable
for the locals of Saudi Arabia
High currency rate of Saudi Arabia in
international market will help our
country’s economy as well as more
beneficial to our company.
