Google Image Result for. Economy of Saudi Arabia. Saudi Arabia has an oil-based economy with strong government control over major economic activities.
Saudi Arabia possesses 18%[13] of the world's proven petroleum reserves, ranks as the largest exporter of petroleum, and plays a leading role in OPEC, although its influence has waned in recent years.[14] Economic overview[edit] The petroleum sector accounts for roughly 92.5% of budget revenues,[15] 55% of GDP, and 90% of export earnings. About 40% of GDP comes from the private sector. Roughly five and a half million foreign workers play an important role in the Saudi economy, for example, in the oil and service sectors.
Major-economic trend[edit] Saudi Arabia was an economy based on subsistence agriculture by a population that was largely nomadic until the discovery of oil in the 1930s. This is a chart of trend of gross domestic product of Saudi Arabia at market prices estimated by the International Monetary Fund (and other sources) with figures in millions of Saudi Arabian Riyals.[18] Saudi arabia map. Agriculture & Water. Saudi Arabia’s agricultural development over the last three decades has been astonishing.
Large areas of desert have been turned into agricultural fields – a major accomplishment in a country that receives an average of about four inches of rain a year, one of the lowest rates in the world. Today, Saudi Arabia exports wheat, dates, dairy products, eggs, fish, poultry, fruits, vegetables and flowers to markets around the world. Dates, once a staple of the Saudi diet, are now mainly grown for global humanitarian aid. The Ministry of Agriculture is primarily responsible for agricultural policy. Other government agencies include the Saudi Arabian Agricultural Bank (SAAB), which disburses subsidies and grants interest-free loans; and the Grain Silos and Flourmills Organization, which purchases and stores wheat, constructs flourmills, and produces animal feed. The private sector has played a major role in the Kingdom’s agricultural development.
Saudi Arabia - Islam, Language. Welcome to our guide to Saudi Arabia.
This is useful for anyone researching Saudi Arab culture, customs, manners, etiquette, values and wanting to understand the people better. You may be going to Saudi Arabia on business, for a visit or even hosting Saudi colleagues or clients in your own country. Remember this is only a very basic level introduction and is not meant to stereotype all Saudis you may meet! Facts and Statistics Location: The Middle East, bordering Iraq 814 km, Jordan 744 km, Kuwait 222 km, Oman 676 km, Qatar 60 km, UAE 457 km, Yemen 1,458 km Capital: Riyadh Climate: harsh, dry desert with great temperature extremes Population: 25,795,938 including 5,576,076 non-nationals (July 2004 est.)
Ethnic Make-up: Arab 90%, Afro-Asian 10% Religions:Muslim 100% Government: monarchy Language in Saudi Arabia. Saudi Arabia. Saudi Arabia[b] ( i/ˌsaʊdi əˈreɪbi.ə/ or i/ˌsɔːdiː əˈreɪbi.ə/), officially known as the Kingdom of Saudi Arabia (KSA),[c] is the largest Arab state in Western Asia by land area (approximately 2,150,000 km2 (830,000 sq mi), constituting the bulk of the Arabian Peninsula) and the second-largest in the Arab world (after Algeria).
It is bordered by Jordan and Iraq to the north, Kuwait to the northeast, Qatar, Bahrain and the United Arab Emirates to the east, Oman to the southeast, and Yemen in the south. It is the only nation with both a Red Sea coast and a Persian Gulf coast. Etymology[edit] Following the unification of the kingdoms of Hejaz and Nejd, the new state was named al-Mamlakah al-ʻArabīyah as-Suʻūdīyah (a transliteration of المملكة العربية السعودية in Arabic) by royal decree on 23 September 1932 by its founder, Abdulaziz Al Saud (Ibn Saud). History[edit] Before the foundation of Saudi Arabia[edit] The Arabian Peninsula in 1914 Post-unification[edit]