Economy
The Qatif coastline is rich with shrimp and many varieties of fish. Qatif Fish Market is the largest in the Middle East. Qatif villages are known to have many date palms and other fruits.
Saudi Aramco (the Saudi national oil company) completed the development of Qatif Project in October 2004, consisting facilities to produce, process and transport 500,000 bpd of blended Arabian light crude oil from the Qatif field and 300,000 bpd of Arabian medium crude oil from the offshore Abu Sa'fah field (total 800,000 bdp), plus 370 million standard cubic feet per day of associated gas.
Qatifi people are likely to work in the oil industry (Saudi Aramco, Schlumberger, Halliburton and Baker Hughes). Some of the employees have moved to Dhahran, where these companies are located, but the majority still reside in Qatif and go to Dhahran by cars or Saudi Aramco buses in about 30 minutes' journey. Others work in Aramco refineries in Ras Tanura. and others work in the petrochemical companies in Jubail (80 km from Qatif), some go everyday and some have moved to Jubail. SABIC is the larget employer in Qatif, However, some Qatifi are also working in other oil, petrochemical, and engineering companies located in Dhahran, Khobar, Dammam, Ras Tanura, or Jubail. Some of Qatifi people work in public services, health care and education.
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Famous quotes containing the word economy:
“I favor the policy of economy, not because I wish to save money, but because I wish to save people. The men and women of this country who toil are the ones who bear the cost of the Government. Every dollar that we carelessly waste means that their life will be so much the more meager. Every dollar that we prudently save means that their life will be so much the more abundant. Economy is idealism in its most practical terms.”
—Calvin Coolidge (1872–1933)
“The counting-room maxims liberally expounded are laws of the Universe. The merchant’s economy is a coarse symbol of the soul’s economy. It is, to spend for power, and not for pleasure.”
—Ralph Waldo Emerson (1803–1882)
“The aim of the laborer should be, not to get his living, to get “a good job,” but to perform well a certain work; and, even in a pecuniary sense, it would be economy for a town to pay its laborers so well that they would not feel that they were working for low ends, as for a livelihood merely, but for scientific, or even moral ends. Do not hire a man who does your work for money, but him who does it for love of it.”
—Henry David Thoreau (1817–1862)