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Saudi Economy
Assignment 2
(The GDP, GDP PER CAPITA, GDP ANNUAL GROWTH RATE, GDP CONSTANT PRICES and GDP GROWTH RATE in Saudi Arabia)
Dr. Abdullah Shams El - Deen
Introduction:
Saudi Arabia has an oil-based economy with strong control controls over major economic activities. It possesses with regard to 17% of the world's proven barbadoes tar reserves, ranks as the largest exporter of rock oil, and plays a leading role in OPEC. The stone oil sector accounts for roughly 80% of set revenues, 45% of GDP, and 90% of carry out earnings. Saudi Arabia is encouraging the improvement of the private sector in society to diversify its economy and to employ else Saudi nationals. Diversification efforts are focusing forward power generation, telecommunications, natural gas research, and petrochemical sectors. Over 5 the masses foreign workers play an important role in the Saudi arrangement, particularly in the oil and benefit sectors, while Riyadh is struggling to solve unemployment among its own nationals. Saudi officials are especially focused on employing its large teens population, which generally lacks the breeding and technical skills the private sector of necessity. Riyadh has substantially boosted spending up~ job training and education, most not long ago with the opening of the King Abdallah University of Science and Technology - Saudi Arabia's principal co-educational university. As part of its endeavor to attract foreign investment, Saudi Arabia acceded to the WTO in 2005. The restraint has begun establishing six "economic cities" in manifold regions of the country to forward foreign investment and plans to wear away $373 billion between 2010 and 2014 adhering social development and infrastructure projects to advance Saudi Arabia''s economic development. SAUDI ARABIA GDP
The Gross Domestic Product (GDP) in Saudi Arabia was excellence 576.82 billion US dollars in 2011. The GDP appraise of Saudi Arabia represents 0.93 percent of the cosmos economy. GDP in Saudi Arabia is reported...
Saudi Economy
Assignment 2
(The GDP, GDP PER CAPITA, GDP ANNUAL
GROWTH RATE, GDP CONSTANT PRICES and
GDP GROWTH RATE in Saudi Arabia)
Dr. Abdullah Shams El - Deen
Introduction:
1
Continues as far as concerns 8 more pages »
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