Ministry of Economy and Planning
 Kingdom of Saudi Arabia
 Ministry of Economy and Planning
 Kingdom of Saudi Arabia
 Ministry of Economy and Planning
 Kingdom of Saudi Arabia
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About Saudi Arabia
 
   The Kingdom of Saudi Arabia means different things to different people. For millions of followers of Islam across the world it is the ultimate Holy Land and pilgrimage destination. For a large number of expatriates from Asia, Europe and the United States, it is a land of opportunities. For the rest of the world, Saudi Arabia means oil the lifeline of present and future economies. Saudi Arabia has so far lived up to all these definitions, and is now entering a new phase of its development.


On September 23, 1932, King Abdulaziz Al-Saud laid the foundation of the modern Kingdom of Saudi Arabia. Large reserves of oil were discovered soon after, and within a span of six years, commercial production of oil began. The fortune of Saudi Arabia changed forever and the Kingdom rapidly moved on the path of a modern industrial state. Today Saudi Arabia holds a 25% share of the total Arab GDP and is the worlds 25th exporter/importer, with a foreign trade of US $78 billion. In all these years, the Kingdom has displayed remarkable political and economic stability.

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