Business cooperation between the Czech Republic and Saudi Arabia

The aim of this thesis is to introduce the Kingdom of Saudi Arabia as an important potential partner for the Czech business entities based on a comprehensive and objective analysis of factors that could affect the cooperation between these two countries. The thesis is divided into four chapters. The first one deals with the general characteristics of Saudi Arabia, particularly with demographic and geographic data, administrative structure, history and political-legal environment. The second chapter is about the economic characteristics of the country and it concentrates on the development of macroeconomic indicators, the various sectors of economy, finance, foreign trade and investment climate. The third section focuses on business cooperation between the Czech Republic and Saudi Arabia, with an emphasis on the development of mutual relations, trade balance and the specifics of the entry of Czech subjects on the Saudi market, including SWOT and PESTLE analysis and information about companies that have been already successful on the Saudi market. The last chapter is about cultural differences and I mention Hofstede's cultural dimensions, gender issues, values in society and the impact of cultural differences on the business negotiations