Persian  | KFZO |  About us  |   Contact Us

                                Kish Trade Promotion Center 

 Home        |       Global Net          Iran Business   |     Free Trade Zones     |       Exhibition    |    Trade Opportunities  

Kish Overview

Tourist Information

Shopping Centers

Kish Industry

 Investment in Kish

Training

Persian / English

 

 

 

 

Country name:

 conventional long form: Kingdom of Saudi Arabia
conventional short form: Saudi Arabia
local long form: Al Mamlakah al Arabiyah as Suudiyah
local short form: Al Arabiyah as Suudiyah

 

Capital:

Riyadh (royal). Population: 4.7 million (UN estimate 2005). Jeddah (administrative). Population: 3.2 million (UN estimate 2001; including suburbs).
 

 

Location:

Middle East, bordering the Persian Gulf and the Red Sea, north of Yemen

 

Area:

2,240,000 sq km (864,869 sq miles).
 

Description:
Saudi Arabia occupies four-fifths of the Arabian peninsula. It is bordered to the northwest by Jordan, to the north by Iraq and Kuwait, to the east by the Gulf of Oman, Qatar, the United Arab Emirates and Oman, and to the south by Yemen. To the west lies the Red Sea
 

map of Saudi Arabia

Population:

27.6 million (2007 estimate).

 

Languages:

Arabic. English is spoken in business circles.
 

Climate:
Saudi Arabia has a desert climate. In Jeddah it is warm for most of the year. Riyadh, which is inland, is hotter in summer and colder in winter, when occasional heavy rainstorms occur. The Rub al Khali (��?empty Quarter’) seldom receives rain, making Saudi Arabia one of the driest countries in the world.

Economy - overview:
Saudi Arabia has the world's largest oil reserves (about 20% of proven deposits) and is also currently the world's largest producer. Oil and natural gas products now account for 35% of Saudi GDP, 75% of government revenue and 85% of export income.
The non-oil economy is devoted to agriculture and newly developed industries. Agriculture produces wheat, fruit, vegetables, barley, eggs and poultry.
The industrial sector produces petrochemicals, steel, engineering and construction materials and a wide range of consumer goods. The service sector is the fastest growing part of the economy at present, with finance and business services, consultancies and property services prominent.
The rapid expansion of the Saudi economy from the 1960s onwards stalled during the late 1980s as overstretched finances and persistently low world oil prices forced the Saudi exchequer to rein in its spending plans (government debt is now nearly 100% of GDP - much of which, such as US$40 billion of loans to Iraq, may not be recovered).
This has had unfortunate consequences for the large body of foreign labour (an estimated 35% of the workforce) upon which the Saudis rely for much of their technical, managerial and menial labour. Foreigners are now barred from a range of occupations as the government seeks to tackle Saudi unemployment, which is estimated to be around 25%.
At present, the economy is picking up, growing by 4.7% in 2007, with inflation at 3.4%.
http://www.worldtravelguide.net/country/244/business/Middle-East/Saudi-Arabia.html



Economy:
Saudi Arabia has the world's largest oil reserves (about 20% of proven deposits) and is also currently the world's largest producer. Oil and natural gas products now account for 35% of Saudi GDP, 75% of government revenue and 85% of export income.
The non-oil economy is devoted to agriculture and newly developed industries. Agriculture produces wheat, fruit, vegetables, barley, eggs and poultry.
The industrial sector produces petrochemicals, steel, engineering and construction materials and a wide range of consumer goods. The service sector is the fastest growing part of the economy at present, with finance and business services, consultancies and property services prominent.
The rapid expansion of the Saudi economy from the 1960s onwards stalled during the late 1980s as overstretched finances and persistently low world oil prices forced the Saudi exchequer to rein in its spending plans (government debt is now nearly 100% of GDP - much of which, such as US$40 billion of loans to Iraq, may not be recovered).
This has had unfortunate consequences for the large body of foreign labour (an estimated 35% of the workforce) upon which the Saudis rely for much of their technical, managerial and menial labour. Foreigners are now barred from a range of occupations as the government seeks to tackle Saudi unemployment, which is estimated to be around 25%.
At present, the economy is picking up, growing by 4.7% in 2007, with inflation at 3.4%.
http://www.worldtravelguide.net/country/244/business/Middle-East/Saudi-Arabia.html


Industries:

crude oil production, petroleum refining, basic petrochemicals, cement, construction, fertilizer, plastics

 

Exports:
Petroleum and petroleum products.

Imports:
Machinery and equipment, food, chemicals, motor vehicles and textiles.

• Main trade partners: USA, Japan, China (PR), Korea (Rep) and UK.

Exchange rates:
Saudi Arabian Riyal (SAR) = 100 halala; 5 halala = 20 qurush. Notes are in denominations of SAR500, 100, 50, 10, 5 and 1. Coins are in denominations of 50, 25, 10, and 5 halala

GDP :
US$374.5 billion (2007).
 

 

Useful links:

 

 

 

 

 

  Copyright By :  Kish Trade Promotion Center  2002