Saudi Arabia represents 25% of the Gross Arab National
Product;
The Kingdom of Saudi Arabia is the largest economy in the Middle East and 24th
largest exporter in the World;
The economy of the Kingdom of Saudi Arabia is based on the petrol sector;
Saudi Arabia has 25% of the proven petroleum reserve in the World;
The Saudi Arabian Petroleum Company (Saudi ARAMCO) is the largest petroleum producing company in the World;
In the last years, the Saudi Government has taken measures to diversify the economy, despite the global rise in energy prices, the non-petroleum sector has been a decisive sector in the economic growth of Saudi Arabia;
Saudi Arabia is the third economy in the World by Macroeconomics stability;
The Saudi Riyal is one of the most steady currencies in the World;
Saudi Arabia is the largest free economic market in the Middle East;
The Saudi market has a high purchasing power in the region;
The headquarters of the OIC and the Islamic Development Bank are in Jeddah;
Public sector plays a major function in industrial activity;
Saudi Arabia has a robust gross domestic product growth
in the last years.
(c) EENI Global Business School (1995-2023)
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