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330.8 billion (2023 est.) [ 7 ] Foreign reserves. $451.587 billion (April 2022) [ 12 ] (8th) All values, unless otherwise stated, are in US dollars. The economy of Saudi Arabia is the second-largest in the Middle East and the seventeenth-largest in the world. [ 6 ] The Saudi economy is highly reliant on its petroleum sector.
Saudi Telecommunication Company (stc Group) was established as a Saudi joint-stock company on 21 April 1998 and began operations of telecommunications services throughout Saudi Arabia on 2 May 1998 as a wholly owned entity of the government of Saudi Arabia. [ 4 ][ 5 ] The group received commercial registration as a Saudi Joint Stock Company on ...
Saudi Arabia, [e] officially the Kingdom of Saudi Arabia (KSA), [f] is a country in Western Asia.It covers the bulk of the Arabian Peninsula and has a land area of about 2,150,000 km 2 (830,000 sq mi), making it the fifth-largest country in Asia, the largest in the Middle East, and the 13th-largest in the world.
In 2021, Zain Saudi Arabia owned 8,069 communications towers in the Kingdom of Saudi Arabia, valued at 3,026 million Saudi riyals ($807 USD). [11] Zain Saudi Arabia achieved the highest revenues in its history for the year 2023, amounting to 9.9 billion riyals. [12] [13] CEO Sultan bin Abdulaziz Al-Deghaither passed away on 6 August 2024. [14]
Mohammed bin Salman Al Saud (Arabic: محمد بن سلمان آل سعود, romanized:Muḥammad bin Salmān Āl Su‘ūd; born 31 August 1985), commonly known by his initials as MBS or MbS, is the de facto ruler of the Kingdom of Saudi Arabia, [ 1 ] formally serving as Crown Prince and Prime Minister.
This list is based on the Forbes Global 2000, which ranks the world's 2,000 largest publicly traded companies.The Forbes list takes into account a multitude of factors, including the revenue, net profit, total assets and market value of each company; each factor is given a weighted rank in terms of importance when considering the overall ranking.
The original plans were for the city to be 170 kilometres (110 mi) long and accommodate a population of 9 million (25% of Saudi Arabia's 2022 population of 35.5 million) by 2030. [5] According to a 2024 Bloomberg report, this was later scaled down to a population of 300,000, [ 6 ] housed in 2.4 kilometres (1.5 mi) by 2030. [ 7 ]
Website. pif.gov.sa. The Public Investment Fund (PIF; Arabic: صندوق الاستثمارات العامة) is the sovereign wealth fund of Saudi Arabia. It is among the largest sovereign wealth funds in the world with total estimated assets of US$ 925 billion (£ 726.3 billion). [ 2 ] It was created in 1971 for the purpose of investing funds ...