Saudi Arabia relies heavily on oil prices and needs several more years of consistent oil demand to keep growing its PIF. However, oil prices have been unstable and demand forecasts uncertain, with some seeing a decrease beginning at the end of the decade and others anticipating...
The largest stretch of sand desert in the world, theRub' al Khali(also known asthe Empty Quarter), is situated in Southeastern Saudi Arabia. It spans approximately 250,000 square miles (650,000 square kilometres) within a geological basin. The Asir Mountains and various wadis, dry riverbeds...
The future city, named “NEOM”, stems from Saudi Arabia’s Vision 2030 plan, a strategy created to reduce the country’s dependence on oil. NEOM, which will be located on the coast of the Red Sea, will span more than 10,000 square miles (26,500 square kilometers), extending across ...
Saudi Arabia, tank farms, new production and new oil fields. On yesterday’s DrumBeat, Leanan posted two links on Saudi Arabia. The first stated that Saudi Arabia had increased crude oil production to 10.7 million barrels per day. The second link was more clear and stated that Saudi Arabia ...
The contrast not only highlights the enormous scale of Saudi Arabia's oil-derived wealth, but also its relatively recent advent. Even more importantly, so far as defence is concerned, it illustrates the point that wealth is not directly translatable into military power unless other resources are ...
It was in 1932 that Abdul Aziz bin Saud proclaimed the Kingdom of Saudi Arabia. By the discovery of oil in 1938, the lives of the kingdom’s inhabitants were ultimately transformed. The King sought to make use of Western technology but at the same time strove to maintain the traditional ...
The meaning of SAUDI ARABIA is country in southwestern Asia between the Red Sea and the Persian Gulf and occupying most of Arabia; capital Riyadh area 830,000 square miles (2,149,690 square kilometers), population 33,091,000.
Economy of Saudi Arabia Overview Saudi Arabia has one of the largest economies in the Middle East and the19th largest economyin the world by GDP. The kingdom’s economy is heavily reliant on oil, which accounts for around50% of GDP,70% of government revenue, and90% of exports. Saudi Ara...
Saudi Arabia is located in Southwest Asia and occupies the vast majority of the Arabian Peninsula. It is bordered by the Red Sea on the west and the Persian Gulf on the east. It is a large state that has more than 830,000 square miles of land, making it slightly larger thanMexico. ...
Saudi Arabia’s Red Sea coast stretches for more than a thousand miles, from the northern border with Jordan in the Gulf of Aqaba to Yemen in the far south. Ad Feedback Much of that, outside of big cities like Jeddah, is undeveloped coastline of turquoise water, offshore islands, pristin...