Import and export of goods with Saudi Arabia — a bilingual EN/RU contract in 15 minutes. CISG in force since 2024, settlements in USD or SAR
Parties, documents and specifics for every deal scheme
Four contract types — for any deal structure with a Saudi partner
Import oil, petroleum products, petrochemicals, fertilizers, and plastics from Saudi Arabia (KSA).
Export metals, grain, machinery, and industrial equipment to Saudi Arabia (KSA).
Contract for services from Saudi companies: oil & gas, construction, finance.
Contract for services to Saudi clients: nuclear technology, IT, education.
Key terms to reflect in the contract with Saudi Arabia
Saudi Arabia acceded to the CISG in 2023 and the Convention has been in force there since 1 September 2024, with a declaration under Article 92(1): Part III (sale of goods) does not bind it. The contract from our generator is governed by Russian law, so the Convention, including Part III, applies as part of Russian law (Article 1(1)(b) CISG).
CISG · Russian lawThe Saudi riyal (SAR) has been firmly pegged to USD (1 USD = 3.75 SAR) since 1986. Settlements in USD or SAR carry equivalent exchange-rate risk.
SAR/USD · fixed rateSaudi Arabia and Russia coordinate oil policy within OPEC+.
OPEC+ · oil cooperationThe deadlines for receiving proceeds are set in the contract — the bank takes them into account when registering it; the mandatory amount of foreign currency proceeds to be credited is set by Presidential Decrees No. 79 and No. 430. For amounts from 3 million RUB (import) or 10 million RUB (export), a unique contract number (UNC) is issued.
173-FZ · contract registrationAnswers on drawing up a contract with a company from Saudi Arabia
Fill in the form, pay online — and download right away. The file is accepted by banks and customs.
Saudi Arabia and Russia coordinate oil production within OPEC+. The country is actively diversifying its economy under Vision 2030.
The contract should state the CR (Commercial Registration) number, full company name, and address. Verify through mc.gov.sa or maroof.sa.
Saudi Arabia acceded to the CISG in 2023 and the Convention has been in force there since 1 September 2024, with a declaration under Article 92(1): Part III (sale of goods) does not bind it. The contract from our generator is governed by Russian law, so the Convention, including Part III, applies as part of Russian law (Article 1(1)(b) CISG). Disputes under the contract are heard by the ICAC at the Russian Chamber of Commerce and Industry.
SAR has been pegged to USD (3.75 SAR = 1 USD) since 1986. Check the payment route with your bank.
The main ports are Jeddah Islamic Port and King Abdulaziz Port in Dammam.