1902 Abd al-Aziz Ibn SAUD captured Riyadh and set out on a 30-year
campaign to unify the Arabian Peninsula. In the 1930s, the discovery of
oil transformed the country. Following Iraq's invasion of Kuwait in
1990, Saudi Arabia accepted the Kuwaiti royal family and 400,000
refugees while allowing Western and Arab troops to deploy on its soil
for the liberation of Kuwait the following year. A burgeoning
population, aquifer depletion, and an economy largely dependent on
petroleum output and prices are all major governmental concerns.
is an oil-based economy with strong government controls over major
economic activities. Saudi Arabia has the largest reserves of petroleum
in the world (26% of the proved reserves), ranks as the largest
exporter of petroleum, and plays a leading role in OPEC. The petroleum
sector accounts for roughly 75% of budget revenues, 45% of GDP, and 90%
of export earnings. About 25% of GDP comes from the private sector.
Roughly 4 million foreign workers play an important role in the Saudi
economy, for example, in the oil and service sectors. Riyadh expects to
have a budget deficit in 2002, in part because of increased spending
for education and other social programs. The government in 1999
announced plans to begin privatizing the electricity companies, which
follows the ongoing privatization of the telecommunications company.
The government is expected to continue calling for private sector
growth to lessen the kingdom's dependence on oil and increase
employment opportunities for the swelling Saudi population. Shortages
of water and rapid population growth will constrain government efforts
to increase self-sufficiency in agricultural products.
Jan 21-25* - Eid al-Adha (Feast of the Sacrifice)
Sep 23 - Saudi National Day
Nov 14-16* - Eid Al Fitr (End of Ramadan)
Muslim festivals(*) are timed according to local sightings of various
phases of the moon and the dates given above are approximations.
Country Code: 966
Outgoing International Code: 00
CIA - The World Factbook - Saudi Arabia
website indicates a wide range of detail information about Saudi Arabia
by introducing under 8 different fields as its geography,people,
government, economy, communications, transportation, military,
About Saudi Arabia
is available to find out Saudi Arabia's general outlook on the issues
of its social and business profile, passport/visa, money, accomodation,
government, duty free, health...etc.
Online Saudi Arabia
is the online news of Saudi Arabia that provides a number of
information about Saudi Arabian business news, climate and so forth.
U.S. Department of State - For Saudi Arabia
Bureau of Consular Affairs creates a wide range of research on Saudi
Arabia in terms of analyzing its social, political, cultural &
Saudi Arabia Business Center
Arabia Networking is a focal point for the exchange of business
opportunities and knowledge between the private sectors world wide and
Saudi Arabia. The major goal is mainly to create awareness of trade
opportunities in Saudi Arabia for smaller and medium-sized
Saudi - USA Relations Information Service
In this organization, it is handled the US and Saudi relations in terms of political, economic and business areas.
Saudi Arabian Chamber of Commerce
There is available to find out a list of Chambers of Commerce related to Saudi Arabia.
Saudi Commercial Office - Royal Embassy of Saudi Arabia in Washington
Saudi Commercial Service provides assistance not only to the potential
investors seeking business opportunity in Saudi Arabia but also for the
US-Saudi Arabian Business Council
is an organization of business leaders that aims to increase trade and
investment between the two countries. The site has reports,
publications and links to public and private sector enterprises.
Saudi Government Ministries
is the official website designed as informed about the all government
ministries of Saudi Arabia including its functions and contact
Trade Guide for Saudi Arabia
is available to get comprehensive information not only about Saudi
Arabian imports, export regulations and other formalities and documents
related to commercial transactions but also main exported and imported
products & trading partners in Saudi Arabia and so forth.