From February 27 to March 3, 2022, CFC Big Ideas organized a business development tour in Riyadh, capital of Saudi Arabia. The tour was for the vice president of business development at a large international IT company.
For this tour, CFC Big Ideas arranged meetings with C-level executives from eight pioneering Saudi companies, operating in sectors such as construction, manufacturing, banking, and insurance. During this meeting, the groups discussed opportunities for further business collaboration.
Since the establishment of Saudi Arabia’s Vision 2030 National Development Plan six years ago, the Saudi government has attached great importance to developing its IT sector, working tirelessly to digitalize government and business processes as well as public services. We can see significant results in the country’s digitalization; however, Saudi Arabia has faced a lack of IT vendors qualified to provide relevant services. Thus, Saudi companies from all sectors of the economy are eager to find business partners from Eastern Europe and other countries.