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Saudi Arabia, [d] officially the Kingdom of Saudi Arabia (KSA), [e] is a country in West Asia.Located in the centre of the Middle East, 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 12th-largest in the world. [14]
As of 2024, Saudi Arabia's GDP per capita has surpassed all other GCC countries except Qatar and the United Arab Emirates. Saudi Arabia's GDP per capita is estimated to be approximately $33,040 in nominal terms, ranking it 35th globally, and $70,333 in purchasing power parity (PPP) terms, ranking it as the 15th highest in the world [[15]]
In 2017, Saudi Arabia was the U.S.'s 20th biggest export market and its 21st biggest import market. [143] That year, the most exported goods to Saudi Arabia were "aircraft ($3.6 billion), vehicles ($2.6 billion), machinery ($2.2 billion), electrical machinery ($1.6 billion), and arms and ammunition ($1.4 billion). [156]
The plan was announced in 2021. Saudi Arabia has stated that it aims to complete a 5 km (3.1 mi) central segment by 2030, while completion of the full 170 km (110 mi) project has been pushed to 2045. [8] However, in 2024, the Wall Street Journal and Bloomberg both reported that the first phase will only be 1.5 miles.
Saudi Arabia is doing many reforms to reduce the country's dependency on oil revenues, but many of these reforms have overburdened some citizens. The Citizen's Account, which is a form of basic income , is designed to balance this up, to avoid burdening lower income families which would otherwise occur despite higher prices for oil, fuel and ...
Saudi Vision 2030 (Arabic: رؤية السعودية ٢٠٣٠ ruʾyat al-suʿūdiyah alfayn thalāthūn, sometimes called Project 2030) is a government program launched by Saudi Arabia which aims to achieve the goal of increased diversification economically, socially, and culturally, in line with the vision of Saudi Crown Prince and Prime Minister Mohammed bin Salman.
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Jarir Marketing Company (Arabic: شركة جرير للتسويق), also known as Jarir Bookstore (Arabic: مكتبة جرير), is a Saudi Arabian establishment founded by Abdulrahman Nasser Al-Agil. Currently, [when?] Jarir has a paid-up capital of SR 1.20 Billion. Jarir’s headquarters is located in Riyadh, Saudi Arabia. [2]