I spent a lot of time to finish this topic… It showed my sense of pride in the entry of Saudi brands into the labor market, manufactured with 100% Saudi names and hands, after the endless support and facilities provided in all sectors and ministries in compliance with the directives of the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz – may God protect him – The leader of the investment renaissance is Crown Prince His Royal Highness Prince Mohammed bin Salman bin Abdulaziz – may God protect him -.
I am shocked by the exaggerated prices offered by these brands.
Is the investor who sets a price for his product exceeding 600 or 800 riyals aware of this exaggeration in prices?
Does the investor who claims that his prices have risen due to the tax realize that China is on the list of countries that have the most investors who produce everything and anything, even though their tax is many times what we have? They oscillate between lists of taxes and their division that do not end, beginning with the personal income tax, which is no less. About 45%, then the corporate tax, which is estimated at 25%, the sales tax, and many endless tax items. Despite all of this, China has swept the whole world with its products because they are the cheapest and with a quality that we do not call excellent, but rather reasonable. This is proven by the numbers and profits that are not hidden from anyone. .
China alone has proven to all countries of the world that the lowest price is capable of generating millions or even billions in profits for you and gaining many permanent customers, even if the customer suffers from the difficulty of their language and communication with them. Their only weapon that no one can resist is the lowest price.
I am not talking here about Saudi brands that have their own costs, starting with renting the shop, employee salaries, invoices, marketing campaigns, and so on.. Rather, I am talking about those who sell their products “online”. You will find that the prices of new Saudi investors in perfumes are very close to the prices of French perfumes, forgetting that the tax is in France is not less than 45%, not to mention that the age of their signs exceeds at least 80 years.
Even abayas, which have recklessly exceeded the ceiling of thousands, and other endless products.
Yes, the state, with its wise leadership, has supported all investors regardless of their products, but awareness is the investor’s job. It is absolutely illogical for our tax to be lower than China, France, and even America, and yet an investor comes and sets the prices of his products higher than the prices of foreign brands or even close to them.
Investor, keep in mind that in most countries of the world the price of imported products is higher than the price of local products, with the exception of China, which still ranks at the forefront of the lowest priced products within any country and under any currency.
Today, what we see is that many American products and international brands have lower prices than Saudi brands!!
Why the lack of awareness of all this and the insistence on setting these prices that have nothing to do with logic?
I still adhere to my opinion. We are in a proud country, praise be to God, but those who are new to investing and do not have sufficient awareness are the ones who created this dilemma with the prices of products rising in such an insane manner.
We certainly support you and are proud of you, but in return you take advantage of our pockets and set unreasonably inflated prices!
But I am sure that reality will shock them soon when their products pile up without the buyer buying them. There are many alternatives and China is still working on the cheapest, then cheapest, then cheapest methodology, so my advice to you is to reconsider your prices so that you can escape from the flood of products with the lowest price, and the buyer fleeing from you.
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