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production and sale of energy
Wiki User
∙ 10y ago
Athindra Mitra
According to the CIA, Saudi Arabia's is an oil-based economy, with 87% of Saudi's budget revenues, 90% of export earnings, and 42% of GDP
Wiki User
∙ 13y agoit depends for water
Wiki User
∙ 10y agoNothing. Tourism I suppose.
Wiki User
∙ 13y agofood
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What is Saudi arabias item of specilization?
Saudi Arabia is the world's largest producer of oil. It is the cornerstone of its economy. The USA is the largest customer of Saudi oil.
What is Saudi Arabias economic system?
mixed
How is Saudi Arabias government elected?
the people of the tribe
What is Saudi arabias main religion?
Islam is the main religion of Saudi Arabia.
What is Saudi Arabias country color?
It's green and white.
What is Saudi Arabias voting rights?
im not so sure since its a monarchy
Who were Saudi arabias allies?
Saudi Arabia's allies are mainly Islamic and Arab nations, such as Iraq, Iran, Qatar, Bahrain, and Yemen.
What is Saudi Arabias religious beliefs?
Pfft, Muslim... It's kinda illegal to be any other religion there.
Who exactly are Saudi Arabias allies?
somalia uk us uae sudan kosovo albania sweden germany egypt isreal puntland somaliland
What will happen to Saudi Arabia economy when reserves of petroleum are exhausted after 20-25 years?
The oil in Saudi Arabia will not be exhausted by 2040. Estimates give it far longer than that; it is the Gulf Countries that are more limited in their reserves. As for the meat of the question, e.g. what will happen to the Saudi economy when the reserves are, it will depend on how the income has been invested. Saudi Arabia has historically been slower to diversify its portfolio and, if current investment trends continue, Saudi Arabia will have a sharp decline following the exhaustion of its reserves.
What is significant about Saudi Arabia's economy?
Saudi Arabia has the most oil reserves in the world
What does Saudi Arabia's economy specialize in?
oil
