Saudi Arabia: Economy, Politics and Government
Abstract:Oil was discovered in Saudi Arabia in the 1930s, although large scale production did not begin until after the second world war. Since a rapid expansion in the country's economic development in the 1960s, Saudi Arabia's economic fortunes have depended largely on oil revenues. The government's principal domestic preoccupation remains the lack of employment opportunities for Saudi nationals. Whatever the pace of development, the country's prosperity is assured by its vast oil reserves, which will last another century at current rates of production.
World of Information Business Intelligence Reports allow access to concise, clear coverage of current political and economic developments in over 100 countries. Alongside contributions from journalists and regional experts from around the world, they contain a wide variety of sectoral analysis and background information. Each Report contains an introductory overview commissioned from one of World of Information's network of contributors, an extensive list of key facts and features of the country, including macroeconomic indicators and details regarding national population, labour market and public services. The economy section focuses on monetary, fiscal and trade conditions before analysing sectoral, infrastructure and regulatory developments. Natural resources including agriculture and minerals, industry and service sectors are covered. A five-year table of key indicators invaluable for research into economic trends accompanies the report.
Keywords: Abdullah; Aramco; GDP; Iran; SAGIA; Samarec; Saudia; United; Yemen; addresses; arms; banking; budget; business; cabinet; coal; constitution; currency; election; energy; exchange; exports; external; growth; hydrocarbons; imports; inflation; infrastructure; interest; international; investment; legislature; manufacturing; mining; ministry; oil; opposition; parliament; party; petrochemical; prime minister; privatisation; relations; reserves; taxation; telecommunications; tourism; transport; welfare
Document Type: Review Article
Publication date: January 1, 2001