250 Portuguese companies prepare to enter Saudi market

More than 250 Portuguese companies eyeing opportunities in Saudi Arabia have participated in a training program aimed at preparing them for market entry. The program, presented by Saudi financial and legal experts, featured intensive workshops organized by the Saudi-Portuguese Business Council under the Federation of Saudi Chambers. The event took place in Lisbon and was attended by Portugal’s Minister of Infrastructure and Housing, Luis Beto.
The initiative aligns with the Saudi-Portuguese Business Council’s efforts to support the Kingdom’s push to attract regional headquarters of global firms by educating businesses on market entry, investment opportunities, and available incentives.
Alwaleed bin Khalid Al-Baltan, Chairman of the Saudi-Portuguese Business Council, highlighted the Kingdom’s provision of the necessary infrastructure to facilitate foreign investments. He said the Council has actively supported Portuguese investors through agreements designed to ease their entry into the Saudi market.
The first workshop introduced government benefits and incentive programs, the privileges of the Premium Residency System for foreign investors, guarantees for licensed projects, and the requirements for obtaining a foreign investment license.
The second workshop focused on banking services for companies relocating their regional headquarters to Saudi Arabia. Topics included account setup, digital banking, financing solutions, payments, international transfers, investment services, currency exchange, cash management, guarantees, and bank credits.
The program underscores the strategic importance of Saudi Arabia as a destination for Portuguese firms seeking growth opportunities. The Kingdom, one of the region’s largest markets, offers promising prospects through projects aligned with its Vision 2030 reform agenda.