Unlocking Saudi Arabia's Potential
International business consultant at LatAm Intersect. 02/19/2026 22:23 Updated: 02/19/2026 22:23
TL;DR
- Saudi Arabia and Latin America are building a dynamic trade partnership based on complementary economic profiles.
- Latin American countries export agricultural products like chicken, sugar, grains, and coffee to Saudi Arabia, which imports over 80% of its food.
- High logistical costs (20-30% increase due to 40-day sea routes) and currency volatility are key obstacles.
- Geopolitical tensions, including US observation of Saudi Arabia's BRICS ties, must be managed.
- Saudi Arabia's projected 15-20% non-oil growth by 2027 offers significant opportunities for Latin America.
- Potential for deeper exchange exists in sectors such as fintech, renewable energy, and desalination technology.
- Mutual understanding of business practices, tastes, and interests is crucial for the prosperity of these trade routes.