Popular Country in Arab Region
Being the largest oil exporting country in the world, Saudi Arabia has approximately 20% of the proven oil reserves in the world. Approximately 80% of Saudi Arabia’s budget revenues, 45% of GDP and 90% of its exports are based on oil. Saudi Arabia, striving to diversify its economic activities and go beyond being an oil-dependent economic model has given importance to infrastructure investments, especially human resources, in recent years, and strives to increase the share and weight of non-oil sectors and the private sector in the economy.
It should be noted that, Saudi Arabia holds lots of opportunities for foreign businesses. Riyadh is the capital city of Saudi Arabia and it is also the biggest city of the country.