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The Saudi economy is highly reliant on its petroleum sector. Oil accounts on average in recent years for approximately 40% of Saudi GDP and 75% of fiscal revenue, with substantial fluctuations depending on oil prices each year. [13] The kingdom has the second-largest proven petroleum reserves, [14] and the fourth-largest measured natural gas ...
Riyadh, the financial center of Saudi Arabia. The economy of Saudi Arabia is one of the top twenty economies in the world, and the largest economy in the Arab world and the Middle East. [64] Saudi Arabia is part of the G20 group of countries. [65] With a total worth of $34.4 trillion, Saudi Arabia has the second most valuable natural resources ...
Saudi Exchange (Arabic: تداول السعودية ) or Tadāwul (Arabic: تداول ) is a stock exchange in Saudi Arabia. Tadāwul was formed in 2007 as a joint stock company and the sole entity authorized to act as a securities exchange in Saudi Arabia, but trading began in 1954 as an informal financial market. It continued as such ...
Website. www.cma.org.sa. The Capital Market Authority (CMA; Arabic: هيئة السوق المالية) is the Saudi governments financial regulatory authority responsible for capital markets in Saudi Arabia. The CMA is a government organization applying full financial, legal, and administrative independence, and has direct links with the Prime ...
Jurisdiction. Government of Saudi Arabia. Headquarters. Riyadh, Saudi Arabia. Website. www.stats.gov.sa /en /. The General Authority for Statistics (GASTAT) (Arabic: الهيئة العامة للإحصاء) is a government agency in Saudi Arabia responsible for the implementation of statistical works including the conducting of national ...
The Saudi Authority for Industrial Cities and Technology Zones [2] (Arabic: الهيئة السعودية للمدن الصناعية ومناطق التقنية), also known simply as MODON (Arabic: مُدُن), is a government organization created by the Government of Saudi Arabia in 2001 through Ministerial Legislation No. 235 dated 27/8/1422H.
The Saudi Central Bank (Arabic: البنك المركزي السعودي), previously known as the Saudi Arabian Monetary Authority (SAMA; Arabic: مؤسسة النقد العربي السعودي), [2] established in 1952, is the central bank of the Kingdom of Saudi Arabia. Despite the name change in 2020, the Saudi Central Bank has continued ...
Riyadh (/ riːˈjɑːd / ree-YAHD; [5] Arabic: الرياض, romanized: ar-Riyāḍ, standard pronunciation: [ar.riˈjaːdˤ], Najdi pronunciation: [er.rɪˈjɑːðˤ]; lit. 'the Meadows') is the capital and largest city of Saudi Arabia. [6] It is also the capital of the Riyadh Province and the centre of the Riyadh Governorate. The current form ...