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Oil and Gas

imported 2024-03-17 17:43:06

Saudi Arabia 鈥� No Longer a One-Basket Economy

The Kingdom of Saudi Arabia and oil are some of the oldest synonyms in contemporary history. But the kingdom has more to offer than black gold, and the government in Riyadh is working tenaciously to diversify the economy. 鈥淚f you compare it by GDP, oil represents 85 percent in Saudi Arabia,鈥� says Abdulrahim Al-Zamil, Chairman of the multi-industry conglomerate Zamil Group.

Saudi Arabia: The Largest Economy in The 博鱼体育娱乐平台 East

Saudi Arabia is the 19th world鈥檚 largest economy and the biggest economy in the MENA region. The country is the world鈥檚 largest exporter of oil, with an estimated 8,865,000 barrels of oil per day production. The petroleum sector accounts for roughly 92.5% of budget revenues, 55% of GDP, and 90% of export earnings.

Doing Business in Saudi Arabia is the Easiest According to Zamil

Abdul Rahman Al-Zamil, Chairman of Zamil Group
Without any hesitation I can tell you that doing business in Saudi Arabia is the easiest of all of these countries. Easy business doesn鈥檛 mean only government procedures.

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