Forex Trading Business

Founded by ABD AL-AZIZ bin Abd al-Rahman AL SAUD (Ibn Saud), Saudi Arabia is the birthplace of Islam and home to Mecca and Medina. Today, the leader of Saudi Arabia is ABDALLAH bin Abd al-Aziz, a descendent of Ibn Saud. After Iraq invaded Kuwait, Saudi Arabia permitted Western and Arab troops to deploy from Saudi Arabia with a mission to free Kuwait. In 2005, the country had nationwide elections for half the members of the municipal councils; King ABDALLAH selected the rest of the members. With 25% of the world oil reserves and a member of the WTO since 2005, Saudi Arabia encourages foreign investment.

Main Airports

Dhahran (DHA) (Al Khobar) Airport, Jeddah (JED) (King Abdul Aziz) Airport, Riyadh (RUH) (King Khaled International) Airport

U.S. Embassy

Diplomatic Quarter of Riyadh
tel. 966-1-488-3800
http://usembassy.state.gov/riyadh/

Statistics

GDP: purchasing power parity:

$338 billion (2005 est.)

GDP - real growth rate:

6.1% (2005 est.)

GDP - per capita: purchasing power parity:

12,800 (2005 est.)

Inflation rate (consumer prices):

0.4% (2005 est.)

Labor force:

6.76 million
note: more than 35% of the population in the 15-64 age group is non-national (2005 est.)

Exports:

$165 billion f.o.b. (2005 est.)

Exports - partners:

US 16.4%, Japan 16.2%, South Korea 9.1%, China 7%, Singapore 5.1%, Taiwan 4.2% (2005)

Imports:

$44.93 billion f.o.b. (2005 est.)

Imports - partners:

US 12.9%, Germany 9.5%, Japan 7.9%, China 7.2%, France 4.7%, Italy 4.2% (2005)

Population:

27,019,731 (July 2006 est.)

Population growth rate:

2.18% (2006 est.)

Population Below Poverty Line:

NA

Major Industries:

crude oil production, petroleum refining, basic petrochemicals; ammonia, industrial gases, sodium hydroxide (caustic soda), cement, fertilizer, plastics; metals, commercial ship repair, commercial aircraft repair, construction

Employing Workers: 21*

Registering Property: 4*

Enforcing Contracts: 97*

Closing a Business: 87*

*2006 World Bank rank out of 175 countries