Feb. 26, 2013
-- The kingdom, Saudi Arabia is the most rising and happening country in the recent times. Being a second largest Oil reserves country, it has a gigantic share (approximately 95%) in the exporting oil across the world and major contribution to the government revenue. Saudi Arabia also has world’s sixth largest natural gas reserves. Being a Middle East country these natural resources and reserves helped Saudi Arabia to be a richest country in the world. Apart from this, there are several factors which are contributed towards the prosperity of the kingdom.
The kingdom is the place of happiness and comfort for all things. Professionals who are seeking the jobs across the world are attracted towards its flourished economy. Job opportunities in the Kingdom are scattered all over the country; these incomparable opportunities in Saudi Arabia fascinated the international economic experts across the globe.
Saudi Arabia is the one of the Ideal destination for the expatriates across the world. Especially Dammam and Riyadh offers numerous jobs for both natives and expats. In recent times, importance has got raised for engineering jobs after the revival of its economy. Besides, Entrepreneurial developments are also encouraging in the kingdom than ever before. Hence the employment opportunities, especially in the field of marketing, sales and advertisement started rising. Marketing jobs in the kingdom are fascinating everyone especially the Asian and African countries.
Saudi Arabia has the fastest growing financial markets in the Middle East Country. It is the second largest player in terms of financial investments after the UAE region. It has highly capitalized and a regulated market which leads to Saudi as a more profitable in terms of the financial investments. In recent times, in spite of the slowdown in the economy also banking sector of the kingdom has shown healthy growth rate in the region.
Being oil driven economy, kingdom is renowned for its sacred cities Mecca and Medina. Every Muslim in the world visits Mecca at least once in one’s life time. Saudi Arabia is deep rooted in its culture and customs and it is the destination of technological and archaeological attractions. Its panoramic tourist attractions are exceptional with rich cultural and historical backgrounds.
Mecca is a sacred place and it is believed that Prophet Mohammed was born in the same place. It is also well known for Grand Mosque the Holy Mosque and the Mountain of Light. This holy site turn in to the one of the most important and most visited Saudi Arabia’s tourist destinations.
Today, the kingdom is the world's 25th largest importer/exporter, with foreign trade of $78 billion. Saudi Arabia is the world’s largest oil exporter and has the world's largest spare production capacity. In conclusion the oil sector and government sector have played an important role in the economic development in Saudi Arabia. It has been utilizing oil revenues to expand and diversify its economy to lessen its dependency on oil as well as some changes in the development plans to hit the structure of the economy in order to develop the private sector more to achieve its goals.