Economy of Saudi Arabia

Economy Of Saudi Arabia

Saudi Arabia has an oil-based economy with strong government control over major economic activities. Saudi Arabia possesses 18% of the world's proven petroleum reserves, ranks as the largest exporter of petroleum, and plays a leading role in OPEC, although its influence has waned in recent years.

Read more about Economy Of Saudi Arabia:  Economic Overview, Harr-economic Trend, Trade, Diversification, Investment, ICT Services

Famous quotes containing the word economy:

    “Everyone is always in favour of general economy and particular expenditure.”
    —Anthony, Sir Eden (1897–1977)