Saudi Arabia Business Database

Saudi Arabia Business Database

Worldbizdata.com provide the most accurate and reliable for Saudi Arabia Business Database. Saudi Arabia has an oil-based economy with strong government controls over major economic activities. It possesses about 17% of the world’s proven petroleum reserves, ranks as the largest exporter of petroleum, and plays a leading role in OPEC. The petroleum sector accounts for roughly 80% of budget revenues, 45% of GDP, and 90% of export earnings.

From Saudi Arabia Business Database we know that Saudi Arabia has various industries such as: crude oil production, petroleum refining, basic petrochemicals, ammonia, industrial gases, sodium hydroxide (caustic soda), cement, fertilizer, plastics, metals, commercial ship repair, commercial aircraft repair, construction. And so many agriculture product like: wheat, barley, tomatoes, melons, dates, citrus; mutton, chickens, eggs, milk.

Saudi Arabia has substantially boosted spending on job training and education, most recently with the opening of the King Abdallah University of Science and Technology – Saudi Arabia’s first co-educational university. As part of its effort to attract foreign investment, Saudi Arabia acceded to the WTO in 2005. The government has begun establishing six “economic cities” in different regions of the country to promote foreign investment and plans to spend $373 billion between 2010 and 2014 on social development and infrastructure projects to advance Saudi Arabia”s economic development.

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Saudi Arabia Business Database