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Topic: Economy of Saudi Arabia


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In the News (Wed 22 May 19)

  
 Saudi Arabia Economy
Saudi oil reserves are the largest in the world, and Saudi Arabia is the world's leading oil producer and exporter.
Saudi Arabia was a key player in coordinating the successful 1999 campaign of OPEC and other oil-producing countries to raise the price of oil to its highest level since the Gulf War by managing production and supply of petroleum.
For the period 2000-04, the Saudi Government aims at an average GDP growth rate of 3.16% each year, with projected growths of 5.04% for the private sector and 4.01% for the non-oil sector.
www.traveldocs.com /sa/economy.htm   (1159 words)

  
 THE SAUDI ARABIAN ECONOMY
Saudi Arabia is home to the largest mineral deposits in the Gulf, including about 20 million tons of gold ore, 60 million tons of copper, 10 billion tons of phosphates, and a large spectrum of industrial minerals.
Saudi Arabia’s objectives for this sector include reaching out to the private sector and foreign investors to establish industries for extracting and processing those minerals, providing the Saudi manufacturing sector with its requirements in raw materials, as well as becoming a leading exporter of minerals.
Saudi Arabia is among the world leaders in per capita consumption of electricity, water, and gas, and demand for such services is continuing to grow.
www.the-saudi.net /business-center/economy.htm   (9187 words)

  
 Saudi Arabia - The Economy
At the apex of the economy was the state with all the mechanisms needed to ensure the rule of the Saud family (Al Saud).
This is not to say that the government has not raised the average Saudi citizen's standard of living to one of the highest levels in the world and established for most of its inhabitants world-class infrastructural and social services.
Massive oil revenues, combined with delays in using the funds and the Saudi economy's limited absorptive capacity, created large financial surpluses in both the private and government sectors of the economy.
countrystudies.us /saudi-arabia/34.htm   (1630 words)

  
 Economy of Saudi Arabia - Wikipedia, the free encyclopedia
Saudi Arabia possesses 25% of the world's proven petroleum reserves, ranks as the largest exporter of petroleum, and plays a leading role in OPEC.
For the period 2000-2004, the Saudi Government aims at an average GDP growth rate of 3.16% each year, with projected growths of 5.04% for the private sector and 4.01% for the non-oil sector.
Saudi Arabia is currently enjoying a massive boom in its personal computer industry since the deregulation of 2002.
en.wikipedia.org /wiki/Economy_of_Saudi_Arabia   (1670 words)

  
 U.S. sales prospects bright as the economy strengthens - Saudi Arabia - World Trade Outlook Business America - Find ...
U.S. exports to Saudi Arabia are on the upswing, as the Saudi economy emerges from the recession that began in 1982.
Prospects for Saudi Arabia's long-term economic well-being were enhanced by the January announcement of a 51 percent increase in proven oil reserves, to 252 billion barrels.
Saudi Arabia's total market for this equipment is expected to reach $375 million in the next two years.
www.findarticles.com /p/articles/mi_m1052/is_n7_v110/ai_7498969   (681 words)

  
 Saudi Arabia: Economy   (Site not responding. Last check: 2007-10-19)
Saudi Arabia exhibits extreme differences between the large group of rich, and the poor which are found both in rural districts and in cities.
The traditional incomes of Saudi Arabia, agriculture and fishing, have lost much of their central position in the national economy, and employs slightly less than 10% of the work force.
Still oil is the principal source of income, as Saudi Arabia is the largest exporter of the world, with an export level about 4 times higher than number 2 in the world (Norway).
i-cias.com /e.o/saudi_2.htm   (411 words)

  
 Saudi Arabia travel guide - Wikitravel
Saudi Arabia is a Middle Eastern country in Asia that occupies most of the Arabian peninsula and has both Persian Gulf and Red Sea coast lines.
Saudi Arabia is one of two countries named for their royal families, along with The Hashemite Kingdom of Jordan.
Saudi Arabia has some of the most restrictive travel policies in the world, and advance visas are required for all foreigners desiring to enter or leave.
wikitravel.org /en/Saudi_Arabia   (2221 words)

  
 Saudi Arabia - Economy News   (Site not responding. Last check: 2007-10-19)
The government of Saudi Arabia has already allocated SR 71.25 billion (US$ 19 billion) to be spent on the expansion and maintenance of the petroleum and gas sectors up to the year 2007.
Another sector in the Saudi economy, the report indicates to have witnessed remarkable growth, is the safety and security sector, which appears to be growing at the rate of 11%, annually.
Saudi Arabia aims to build a 1,400 km (875 mile) railway linking its northern deposits of phosphate and bauxite with an industrial zone on the Gulf coast as part of its plans for an export drive in India and China.
www.saudi-sbcc.com /SaudiEconomyNews.htm   (4226 words)

  
 Saudi Arabia Country Analysis Brief   (Site not responding. Last check: 2007-10-19)
Saudi Arabia is the world's leading oil producer and exporter, and its location in the politically volatile Gulf region adds an element of concern for its major customers, including the United States.
Saudi Arabia had stated that it wanted AOC and Japan to increase their investments in Saudi Arabia (including more than $1 billion in a railway linking remote mining areas to export terminals), as well as their purchases of Saudi oil, as a condition for renewal of AOC's drilling rights in the Divided Zone.
Saudi Arabia's rapidly growing population and artificially low power prices (as a result of low, government mandated tariffs and consumer subsidies) are increasing demand on electric utilities, as power demand grows by 7 percent or more each year (see graph).
www.eia.doe.gov /emeu/cabs/saudi.html   (6584 words)

  
 Saudi Arabia - Economy and Global Trade
Petroleum is an integral part of the Saudi economy; Saudi Arabia is the world’s largest producer and exporter of oil.
In 1970, Saudi Arabia introduced the first of a series of ongoing five-year development plans to build a modern economy capable of producing consumer and industrial goods that previously had been imported.
Saudi Arabia is the 19th largest exporter and the 20th largest import market in the world.
www.saudiembassy.net /Country/Economy/Eco.asp   (599 words)

  
 Saudi Arabia: Economy
Saudi Arabia has a growing banking and financial-services sector, and the country is beginning to encourage tourism, especially along the Red Sea coast.
Saudi Arabia, like other oil-rich Persian Gulf countries, depends heavily upon foreign labor for its oil industry; workers are drawn from Arab countries as well as S and SE Asia.
Saudi Arabia entered a recession in the late 1990s and was forced to initiate spending cuts.
www.infoplease.com /ce6/world/A0860940.html   (565 words)

  
 Saudi Arabia Focus
As deadlines for bids to carry out Saudi Arabia's ambitious railway expansion edge closer the detail of what is on offer to the private sector to run the new network is gradually being revealed.
Saudi agriculture employs 12 per cent of the country's workforce and accounts for 3.3 per cent of the Kingdom's annual GDP.
The move by Deutsche Bank and other global institutions into the Saudi financial market is a huge show of long-term confidence in the Kingdom's economy by some of the world's largest financial players.
www.ameinfo.com /news/Saudi_Arabia_Focus   (452 words)

  
 Saudi Arabia - Factors that Transformed the Economy
For thousands of years, the economy of the Arabian Peninsula was determined by autonomous clusters of people living near wells and oases.
The most profound agent of change for the economy of Saudi Arabia was the discovery of huge reserves of oil by a United States company in 1938.
Saudi workers had to be trained in new skills.
countrystudies.us /saudi-arabia/35.htm   (647 words)

  
 NationMaster - Saudi Economy statistics
Saudi Arabia has the largest reserves of petroleum in the world (25% of the proved reserves), ranks as the largest exporter of petroleum, and plays a leading role in OPEC.
Roughly five and a half million foreign workers play an important role in the Saudi economy, for example, in the oil and service sectors.
The government is encouraging private sector growth to lessen the kingdom's dependence on oil and increase employment opportunities for the swelling Saudi population.
www.nationmaster.com /country/sa-saudi-arabia/eco-economy   (270 words)

  
 Economy of Saudi Arabia
Economy - overview: Saudi Arabia has an oil-based economy with strong government controls over major economic activities.
Saudi Arabia is second in the world to Canada in proven reserves of petroleum (24% of the proved total), ranks as the largest exporter of petroleum, and plays a leading role in OPEC.
Saudi Arabia maintains a "negative list" of sectors in which foreign investment is prohibited, but the government plans to open some closed sectors such as telecommunications, insurance, and power transmission/distribution over time.
www.fastload.org /ec/Economy_of_Saudi_Arabia.html   (1646 words)

  
 Conference on “Saudi Arabia: An evolving government and Economy” - The Saudi Arabia Information Resource
A conference entitled “Saudi Arabia: An evolving government and Economy,” yesterday held two sessions, during which participants discussed various economic developments in the Kingdom.
The Minister of Economy and Planning, Khaled bin Mohammed Al-Qusaibi, highlighted the Kingdom’s distinguished relations with Britain, noting that the volume of trade exchange between the two countries reached SR11.4 billion in the year 2001, and that there are currently 158 joint ventures between them.
In a lecture on “The Climate of Investment,” the Minister of Commerce and Industry, Dr Hashem bin Abdullah Yamani, said that the Saudi economy is considered the largest in the Middle East, and is based on a highly advanced infrastructure.
www.saudinf.com /main/y5855.htm   (302 words)

  
 Saudi Arabia Economy Thread - SkyscraperCity
Saudi Aramco and US oil firm ConocoPhillips are expected to soon sign an agreement to build a 400,000 bpd refinery at a cost of $6bn in Yanbu on the Red Sea, according to news agency reports.
Saudi Aramco has said it would conduct research on how to cut carbon dioxide emissions in the oil and gas industry to help in the fight against global warning, according to Reuters.
Saudi Arabia cut its oil production in April and May to its lowest level in a year, according to agency reports.
www.skyscrapercity.com /showthread.php?t=353914   (1281 words)

  
 Saudi Arabia Economy 2001 - Flags, Maps, Economy, Geography, Climate, Natural Resources, Current Issues, International ...
Economy - overview: This is an oil-based economy with strong government controls over major economic activities.
Roughly 5 million foreign workers play an important role in the Saudi economy, for example, in the oil and service sectors.
Saudi Arabia was a key player in the successful efforts of OPEC and other oil producing countries to raise the price of oil in 1999-2000 to its highest level since the Gulf war by reducing production.
www.workmall.com /wfb2001/saudi_arabia/saudi_arabia_economy.html   (450 words)

  
 Economy - The Saudi Arabia Information Resource
Here we survey all the main aspects of the Saudi economy.
The most distinguishing feature of the Saudi Arabian economy is the extent to which formal planning has determined the direction of the economy.
Although the Kingdom's main source of revenue remains oil, great efforts have been made to diversify the economy, to reduce dependence on oil revenues.
www.saudinf.com /main/e1.htm   (58 words)

  
 Saudi Arabia to improve own economy
The Saudi foreign minister prince Saud al-Faisal has described the gas agreement his government signed on Sunday evening in Jeddah with 8 world oil companies as aiming to expand the area of the Saudi economy and to find out job opportunities to Saudi citizens through increasing investments.
The Saudi foreign minister who supervised the process of negotiations with the world companies expected in a statement that the investment bids proposed by the international companies to make a fundamental change in the Saudi economy through the indirect investments resulting from developing the gas sector.
The Saudi government had signed with 8 international oil companies an agreement to develop three giant gas projects in Saudi Arabia including the development of the sector of gas and electricity, desalinization of waters and petrochemical industries, estimated at a cost of USD 30 billion.
www.arabicnews.com /ansub/Daily/Day/010605/2001060508.html   (540 words)

  
 Saudi Arabia Economy News - Media Monitoring Service by EIN News   (Site not responding. Last check: 2007-10-19)
Was the Saudi lobby behind some of the recommendations of...
Saudi Arabia Late King Fahd bin Abd al-Aziz Al Saud News
Saudi Arabia Osama bin Laden (Al-Qaida Leader) News
www.einnews.com /saudiarabia/newsfeed-saudi-economy   (1225 words)

  
 Saudi Arabia - Economy
Roughly 5.5 million foreign workers play an important role in the Saudi economy, particularly, in the oil and service sectors.
As part of its effort to attract foreign investment and diversify the economy, Saudi Arabia acceded to the WTO in 2005 after many years of negotiations.
Saudi riyals per US dollar - 3.747 (2005), 3.75 (2004), 3.75 (2003), 3.75 (2002), 3.75 (2001)
www.exxun.com /SaudiArabia/e_ec.html   (510 words)

  
 SAUDI MISSION HOMEPAGE
The Permanent Mission Of Kingdom of Saudi Arabia To The United Nations
Fawzi Bin Abdul Majeed Shobokshi, Ambassador Extraordinary and plenipotentiary of Saudi Arabia to the
Saudi Arabia General Development by Sector 1390 H - 1417 H (1970-1997)
www.un.int /saudiarabia/index.htm   (70 words)

  
 Saudi Arabia News - Media Monitoring Service by EIN News
Saudi king's adviser may be the next envoy to US
Al Majid: Saudi Arabia can mold a new economic future for the region
Was the Saudi lobby behind some of the recommendations of the ISG?
www.einnews.com /saudiarabia   (583 words)

  
 GeographyIQ - World Atlas - Middle East - Saudi Arabia - Economy Facts and Figures
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For comments and feedback, write to us at info@GeographyIQ.com.
www.geographyiq.com /countries/sa/Saudi_Arabia_economy.htm   (404 words)

  
 Saudi Arabia 2003 - Flags, Maps, Economy, Geography, Climate, Natural Resources, Current Issues, International ...
Saudi Arabia 2003 - Flags, Maps, Economy, Geography, Climate, Natural Resources, Current Issues, International Agreements, Population, Social Statistics, Political System
The government is supporting private sector growth to lessen the kingdom's dependence on oil and increase employment opportunities for the swelling Saudi population.
Exchange rates: Saudi riyals per US dollar - 3.745 (2002), 3.745 (2001), 3.745 (2000), 3.745 (1999), 3.745 (1998)
www.theodora.com /wfb2003/saudi_arabia/saudi_arabia_economy.html   (422 words)

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