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INTERNATIONAL TRADE


order to do business. Islamic Law (Shari’ah) is the law of Saudi Arabia and businesses should research this and take a great deal of care when establishing contracts and payment terms with private and government entities in Saudi Arabia. In terms of doing day-to-day


business, Saudi businessmen often wear the traditional thobe and shemagh – a head dress – in public. For foreign businessmen, business suits are the norm. Saudi women and foreign women must wear an abaya – a full length black cloak in public. A headscarf need not be worn, but should be carried in case the religious police ask for the head to be covered. Women have recently been permitted to drive


in Saudi Arabia - overturning a long-standing controversial law – and there are also plenty of taxis and chauffeured vehicles which can be used. There are also strict rules


around public displays of affection, alcohol use, adultery and homosexuality and it is recommended that businesses looking to enter this market research the rules thoroughly before investing.


If your business is looking at Saudi Arabia as a potential market and needs support, you can contact the Enterprise Europe Network on 0333 320 0333, email eeninfo@emc-dnl.co.uk or tweet @EEN_Midlands


Why Flanders should be on every


UK company’s radar Ben De Smit (pictured), Economic and Commercial Counsellor, Flanders Investment & Trade, looks at why Flanders holds potential for UK businesses.


In addition to strong historic ties with the UK, Flanders — Belgium’s autonomous northern Dutch-speaking region — holds a lot of potential for British firms looking to secure the future of their business in Europe and here’s why.


1. ACCESS VAST EUROPEAN MARKET POTENTIAL With international lobbying centre Brussels as its capital, Flanders is the perfect gateway to Europe. Its central location and dense logistics and transport networks mean easy access to the biggest economies and consumer bases in the European Single Market. The region’s highly-skilled, multilingual workforce — the world’s fourth-most productive — is perfectly poised to help streamline operations and leverage market potential.


2. BUILD A COST-EFFECTIVE HOME FOR YOUR BUSINESS Office rental prices in cities such as Antwerp or Brussels average at £134 and £230 per m2 per year respectively - more affordable than in the nearby cities of Amsterdam (£378), Frankfurt (£416) and Paris (£712). The same goes for industrial and logistical space, making Flanders an attractive place for manufacturing and distribution hubs.


3. BENEFIT FROM A FERTILE ECOSYSTEM FOR INNOVATION In Flanders, you’ll reap the innovative rewards of the public, private and academic sectors working closely together. It has some of Europe’s finest tax benefits, including a major innovation income deduction, R&D payroll tax incentives and tax credits for R&D investments.


Get in touch with Flanders Investment & Trade at the Belgian Embassy in London for free advice on doing business in Flanders, data and insights on site and labour availability, suppliers and business strategy and connections to national, regional and local authorities.


business network December 2017/January 2018 31


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