Friday, September 25, 2015

Economic life in Saudi Arabia

Saudi Arabia is among 15oLU - 32oLU and among 34oBT - 57oBT. Wide region was 2.24 million km2. Saudi Arabia is one country in the territory of the Arabian Peninsula with its capital is Riyadh. Currency is the Riyal. The form of government is a monarchy ruled by a king Abdullah bin Abdul Aziz al-Saud. Law used is Islamic Shari'a law which rely on the experience of the teachings of Islam based wahhabi understanding of the Qur'an and Hadith.


At first, Saudi Arabia is not a rich country as it is now, with the natural state of Saudi Arabia which lay vast deserts then there are many sectors of the economy that can be developed by Saudi Arabia. Trade and farm income be made public sectors of Saudi Arabia. While the main sectors of Saudi Arabia is the tax revenue drawn from those who perform the pilgrimage to Mecca.

The discovery of oil fields in the March 31, 1938 to provide fresh air in economic growth in Saudi Arabia. Oil companies were discovered later nationalized in 1988. The government full control of the production activities of natural resources. Saudi Arabia slowly in order to gradually improve the lives of its economy through the production and export of oil and gas sector.

Economic life in Saudi Arabia until now relied on the petroleum and petrochemical sectors. Saudi Arabia can exploit its natural wealth. Of course with the support of qualified human resources. Qualified human resources that are then able to develop and process the country's natural resources to the maximum. Likewise in the utilization of oil resources owned by Saudi Arabia. Owned oil wealth Saudi Arabia is one of the capital for Saudi Arabia to be able to advance its economy.


In addition to relying on oil and gas sector, one of the revenue generated by Saudi Arabia is of the tourism sector, especially in spiritual tourism. Since the first Saudi Arabia known as the city where the birth of Prophet Muhammad as well as the birth and development of Islam. Religion which later became the major religion in the world. The adherents in all parts of the world. Besides the main qibla of Muslims that Kaaba is located in the city of Mecca. Kaaba a focal point for Muslims to worship in prayer and pilgrimage.

With many Muslims visiting Mecca then certainly it has a positive impact on economic development in Saudi Arabia. The arrival of the pilgrims in Makkah and other cities in Saudi provide income to the private sector, namely the lodging, transportation and the accommodation and food preparation. Other sectors that support the economy of Arad Arabia is in the field of industry, trade, farming, communications and some other sectors.

Sectors was enough to make Saudi Arabia a country that has a high enough income. So as to support development in the country become more advanced and modern. With rapid economic growth, the support for the growth of the country's infrastructure development and the structure of Saudi Arabia. The Saudi Arabian government continues promoting the development for the sake of convenience for the citizens nor Mr for visitors who come to the country.

The rapid economic growth provide perngaruh greatly to the development of a nation state. The economic development impact in many aspects of life in persons. Not only in the aspect of physical development but also have an impact in the growth of social life, culture, education and various other aspects.

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