Saudi Arabia Economy

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Home to an estimated 15.7% of the world’s proven oil reserves and the single largest economy in MENA, Saudi Arabia is a key player not only in the region, but also globally. Since its establishment in September 1932, the Kingdom has poured its considerable resources into a series of large-scale economic development, diversification and...

 

The number of sovereign wealth funds (SWFs) operating in the GCC has grown significantly in the last decade. The value of these SWFs – created to invest and manage the huge sums flowing into the region from hydrocarbons sales – stood at $2.9trn in March 2017, according to the Sovereign Wealth Fund Institute (SWFI), reflecting 38.5% of the...

 

As a member of the G20 and the world’s 17th-largest exporter, Saudi Arabia is an economic powerhouse. Classified as a high-income nation by the World Bank, its population of over 30m has established a consumer market in which domestic and global businesses have prospered. The exploitation of its hydrocarbons resources has driven growth for...

 

Civil Service (011) 402 6900 Commerce & Investment (011) 401 2222 Communications & Information Technology (011) 452 2222 Culture & Information (011) 401 4440 Defence (011) 478 9000 Economy & Planning (011) 401 1444 Education (011) 404 6666 Energy, Industry & Mineral Resources (011) 478 7777 Environment, Water &...

 

FOUR SEASONS HOTEL RIYADH AT KINGDOM CENTRE Kingdom Centre, Olaya, Riyadh 11321 T: (+966) 11 211 5000 F: (+966) 11 211 5001 www.fourseasons.com/riyadh reservations.riy@fourseasons.com concierge.riy@fourseasons.com Rooms: 274 rooms, including 22 executive suites, 9 superior suites, 3 presidential suites, 2 royal suites and 1 kingdom suite....

 

MANNERS: Saudi Arabia is a socially conservative country, and interaction between unrelated men and women is prohibited. Businessmen should wait for a woman to offer her hand to shake in a meeting. In all other situations, keep a respectful distance. Handshakes between men are common. Saudis pride...

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