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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.
Huawei Technologies Co. Ltd. was the world's largest telecom equipment maker in 2012 [ 7 ] and China's largest telephone-network equipment maker. [ 159 ] With 3,442 patents, Huawei became the world's No. 1 applicant for international patents in 2014. [ 160 ]
In alignment with the Saudi Vision 2030 and the National transformation program 2020, CITC is keen on facilitating the growth and localization of the IT & Tech sector in Kingdom. By 2023, CITC aims to increase the IT and emerging Tech market size, by regulating and licensing these technologies, and driving global investment. [4]
The cloud data centre in Riyadh, Huawei's 30th worldwide, will support government services for the Saudi kingdom and allow for AI applications and language models in Arabic, a company official ...
This is an accepted version of this page This is the latest accepted revision, reviewed on 29 September 2024. Saudi Arabian telecommunications company Saudi Telecom Company Logo used since December 2019 Trade name STC Group Native name شركة الاتصالات السعودية Company type Public Traded as Tadawul: 7010 ISIN SA0007879543 Industry Telecommunications Founded 21 April 1998 ...
This list displays both of the two Saudi companies in the Fortune Global 500, which ranks the world's largest companies by annual revenue. The figures below are given in millions of US dollars and are for the fiscal year 2018. [1] Also listed are the headquarters location, net profit, number of employees worldwide and industry sector of each ...
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 ...
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.