The economy of Saudi Arabia is the largest in the Middle East and the eighteenth-largest in the world. The Saudi economy is highly reliant on its petroleum sector. Oil accounts on average in recent years for approximately 40% of Saudi GDP and 75% of fiscal revenue, with substantial fluctuations depending on oil prices each year.
The Royal Saudi Air Force (RSAF) is the aviation branch of the Saudi Arabian Armed Forces.
King Fahd University of Petroleum and Minerals(KFUPM) (Arabic: جامعة الملك فهد للبترول و المعادن, Jāmiʿat al-Malik Fahd li-l-Bitrūl wa-l-Maʿādin – short: Arabic: جامعة البترول Jāmiʿat al-Bitrūl), before 1986 as the University of Petroleum and Minerals, is a public research university in Dhahran, Saudi Arabia. Established in 1963 by King Saud bin Abdulalziz as the College of Petroleum and Minerals, it is ranked among the most prestigious academic institutions in Saudi Arabia and its science, engineering, business, and management programs are highly regarded in the country as well as in the member states of the Gulf Cooperation Council.
Advanced Electronics Company (AEC) is a company in Saudi Arabia that was established in 1988 under the Economic Offset Program as per the directives of the government of Saudi Arabia. AEC is a state owned organization specializing in the field of defense, energy, Digital & security services, and modern electronics. AEC is a subsidiary of state-owned defense company Saudi Arabian Military Industries, whose parent company is Public Investment Fund (PIF)
Saudi Basic Industries Corporation, known as SABIC, is a Saudi chemical manufacturing company. 70% of SABIC's shares are owned by Saudi Aramco. It is active in petrochemicals, chemicals, industrial polymers, fertilizers, and metals. It is the second largest public company in the Middle East and Saudi Arabia as listed in Tadawul.
Prince Mohammad bin Abdulaziz International Airport or Medina Airport is a regional airport in Medina, Saudi Arabia. Opened in 1950, it handles domestic flights, while it has scheduled international services to regional destinations such as Cairo, Dubai, Istanbul and Kuwait City. Medina Airport also handles charter international flights during the Hajj and Umrah seasons. The Pilgrims for Hajj and Umrah can enter Saudi Arabia through this airport or through Jeddah Airport only. It is the fourth busiest airport in Saudi Arabia, handling 8,144,790 passengers in 2018.
Saudi Telecommunication Company (Group) (stylized as stc; Arabic: شركة الاتصالات السعودية) provides ICT services in the Kingdom of Saudi Arabia, across the Middle East and Europe. The group offers landline and fixed infrastructure, mobile and data services, and broadband & cloud computing services. stc Group also offers online payments, telecommunications, IOT, 5G, e-gaming, cybersecurity, digital entertainment, and fintech.
Mohammed Hussein Ali Al Amoudi is an Ethiopian-born Saudi billionaire businessman.
The Savola Group is a Saudi Arabian industrial company. The group's major holdings supply Saudi Arabia, the Middle East and North Africa, and Turkey with edible oils, sugar, fresh dairy products, and restaurants serving fast foods. The group also owns the largest grocery retailing chain in the Middle East, Panda Retail Company.
Xenel is a diversified company based in Jeddah, Saudi Arabia. Founded in 1973 by the descendants of one of the oldest trading houses in the Middle East. House of Alireza, Xenel - a spelling variation for family patriarch, the late Zainal Alireza - grew by establishing multiple joint ventures with international companies and in the process building its own expertise in energy, petrochemicals, construction, infrastructure development, healthcare, industrial services, information technologies, logistics, real estate and global investing. Khalid Alireza is the CEO of the Group.
Sama LelTayaran Company Limited, operating as Sama, was a Saudi low-cost airline based at King Fahad International Airport in Dammam, operating scheduled flights within Saudi Arabia and the Middle East. The airline's registered address was in Riyadh.
Almarai Company is a Saudi multinational dairy company which is listed on the Tadawul stock exchange. It specializes in food and beverage manufacturing and distribution. The company's main offices are located in Riyadh, Saudi Arabia.
Water supply and sanitation in Saudi Arabia is characterized by challenges and achievements. One of the main challenges is water scarcity. In order to overcome water scarcity, substantial investments have been undertaken in seawater desalination, water distribution, sewerage and wastewater treatment. Today about 50% of drinking water comes from desalination, 40% from the mining of non-renewable groundwater and only 10% from surface water in the mountainous southwest of the country. The capital Riyadh, located in the heart of the country, is supplied with desalinated water pumped from the Arabian Gulf over a distance of 467 km. Water is provided almost for free to residential users. Despite improvements, service quality remains poor, for example in terms of continuity of supply. Another challenge is weak institutional capacity and governance, reflecting general characteristics of the public sector in Saudi Arabia. Among the achievements is a significant increases in desalination, and in access to water, the expansion of wastewater treatment, as well as the use of treated effluent for the irrigation of urban green spaces, and for agriculture.
Khalid A. Al-Falih is Minister of Investment of Saudi Arabia since 25 February 2020. He served as Minister of Energy of Saudi Arabia and chairman of Saudi Aramco. He also has previously served as the Saudi Arabian Health Minister and Aramco's CEO.
Salam International Investment Limited Q.P.S.C. is a publicly-listed Qatar shareholding company. Salam International operates through its subsidiaries in Qatar, the United Arab Emirates, Palestine, Kuwait, Saudi Arabia, Oman, Bahrain, Jordan and Lebanon. The company is headquartered in Doha, Qatar.
Zamil Industrial Investment Co., better known as Zamil Industrial is a publicly listed company based in Dammam, Saudi Arabia. Zamil Industrial is engaged in the development of various materials and equipment for use in the construction industry. Zamil Group Holding Company owns 20% of Zamil Industrial stocks, while the remaining share is owned by other companies and investors. It is listed on the Saudi Stock Exchange (Tadawul). According to Forbes Middle East, Zamil Industrial was among the top 500 companies in the Arab world in 2014.
The King Abdullah City for Atomic and Renewable Energy (K.A.CARE) is a scientific research and governmental entity in the Kingdom of Saudi Arabia and is chaired by the Minister of Energy. K.A.CARE was founded in 2010 with a mandate to develop nuclear and renewable energy in Saudi Arabia. It is headquartered in Riyadh city.
Integrated Telecom Company, currently known by its trade name Salam , is a telecom provider established in 2005 offering broadband, interconnection and Satellite services for businesses, consumers and wholesale segments of the Saudi market.
Neom is a new urban area being built by Saudi Arabia in Tabuk. Launched in 2017 by crown prince Bin Salman, the site is at the northern tip of the Red Sea, due east of Egypt across the Gulf of Aqaba and south of Jordan. The total planned area of Neom is 26,500 km2 (10,200 sq mi). Multiple regions are planned, including a floating industrial complex, global trade hub, tourist resorts and a linear city powered by renewable energy sources.
SAMI is a state-owned defense company launched in May 2017 by Saudi Arabia’s Public Investment Fund (PIF).
