Riyadh: Over 250 Portuguese companies aiming to invest in Saudi Arabia are engaged in a specialized training program to equip them for market entry. Presented by Saudi financial and legal experts, this program included two intensive workshops organized in Lisbon by the Saudi-Portuguese Business Council at the Federation of Saudi Chambers.

According to Saudi Press Agency, this step is part of the council’s endeavors to support the relocation of global companies’ regional headquarters to the Kingdom. It involves highlighting the business environment and market entry strategies and introducing the companies to investment opportunities and incentives.

In a statement, President of the Saudi Portuguese Business Council Alwalid bin Khaled Albaltan underscored that the competent authorities in the Kingdom had established the necessary infrastructure for the council. Consequently, the council has supported and assisted Portuguese investors through agreements that ease their entry into the Saudi market.

The first workshop covered government incentives, foreign investor privileges, and licensing requirements. The second workshop focused on banking services, including account opening, digital banking, and financing solutions.

This program presents a significant opportunity for Portuguese companies seeking expansion into the Saudi market, one of the region’s largest and most crucial markets. It offers promising investment prospects and projects aligned with Saudi Vision 2030.