Investment opportunities abound in Kingdom
The performance of Saudi Arabia’s economy has been remarkable in recent years, especially since 2002 with the national economy more than doubling to $481.6 billion owing mainly to rising oil revenues.
The performance of Saudi Arabia’s economy has been remarkable in recent years, especially since 2002 with the national economy more than doubling to $481.6 billion owing mainly to rising oil revenues.
INVESTMENT as a process has been the key to the rise of Saudi Arabia as an economic power. Since the mid 1970’s, when the Kingdom decided to use its growing revenues from oil to industrialize by investing in processing plants that used the country’s hydrocarbon resources, this policy decision has needed at least a decade of very large investments to build the plants and the necessary infrastructure.
SAUDI Arabia’s recently announced 2011 budget shows the government’s dedication for continued public spending in order to create a positive investment environment and bolster economic growth. The increased government expenditure serves to maintain the country’s focus on development and investment programs in order to ensure strong and sustainable economic growth.
IT IS clear that the Kingdom’s private sector is expanding rapidly. Saudi employment is growing, and domestic and foreign investment is increasing. Although there are many factors contributing to this success, the role that the Saudi Arabian General Investment Authority is playing cannot be overstated.
IN a country where 55 percent of the population is under 25, the unemployment rate in Saudi Arabia has been rising at an alarming rate.
THE first oil boom in the 1970s and 1980s saw a phalanx of foreign companies head to Saudi Arabia looking for lucrative contracts. Many did very well. A few even set up business in the Kingdom. But they were the exception rather than the rule.
With reference to control the terror in Pakistan, I would like to point it out that there is on
Padmanabhan iyer at Sep 24, 2011 12:51
Pope is a "pope" at the end of the day. He has to give advice even if no one asks for it and no
Rizwan Kh at Sep 24, 2011 12:51
Munawwar Rana was the best. Very touching and very emotional.
Mohammed Iqbal at Sep 24, 2011 12:51
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Kashmiri Pundit at Sep 24, 2011 12:50
I agreed with Eugene, having child abuse is not a basis to avoid the LAWS... aside from marryin
Abraham at Sep 24, 2011 12:50
SAHER is good. It should be reinstated and used everywhere. <br/>But it can not help alone. Tra
Emad at Sep 24, 2011 12:50