Oil Rich Saudi Arabia Bracing for Budget Overhaual: ken Research REQUEST FOR SAMPLE REPORT Request For sample Report × Report Title Name Email Designation Phone No Comapny Name Comapny URL Country -- Please Select Your Country -- Afganistan Africa Albania Algeria Andorra Angola Anguilla Antigua and Barbuda Argentina Armenia Aruba Asia Australasia Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bonaire Bosnia Herzegovina Botswana Brazil BRICS British Virgin Islands Brunei Darussalam Bulgaria Burkina Faso Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Republic Central and South America Chad Chile China Colombia Comoros Congo Costa Rica Cote d'Ivoire Croatia Cuba Curacao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Europe European Union Falkland Islands Faroe Islands Fiji Finland France French Guiana French Polynesia Gabon Gambia Georgia Germany Ghana Gibraltar Global Great Britain Greece Greenland Grenada Guadeloupe Guam Guatemala Guerney & Alderney Guinea Guinea-Bissau Guyana Haiti Honduras Hong Kong Hungary Iceland India Indonesia Iran Iraq Ireland Isle of Man Israel Italy Ivory Coast Jamaica Japan Jersey Jordan Kazakhstan Kenya Kiribati Kosovo Kuwait Kyrgyzstan Laos Latvia Lebanon Lesotho Liberia Libyan Arab Jamahiriya Liechtenstein Lithuania Luxembourg Macao Macau Macedonia Madagascar Malawi Malaysia Maldives Mali Malta Man (Island of) Marshall Islands Martinique Mauritania Mauritius Mayotte Mexico Micronesia Middle East Minnesota Moldova Monaco Mongolia Monserrat Montenegro Morocco Morroco Mozambique Myanmar Namibia Nepal Netherlands New Caledonia New Zealand Nicaragua Niger Nigeria Niue North America North Korea Norway Oman Pakistan Palau Palestine Panama Papua New Guinea Paraguay Peru Philippines Poland Portugal Puerto Rico Qatar Reunion Romania Russia Rwanda Saint Helena Saint Lucia Saint Martin Saint Pierre and Miquelon Saint Vincent and the Grenadines Samoa Samoa (American) San Marino Sao Tome and Principe Saudi Arabia Scandinavia Senegal Serbia Seychelles Sierra Leone Singapore Sint Maarten Slovakia Slovenia Solomon (Islands) Somalia South Africa South Korea South Sudan Spain Sri Lanka Sudan Suriname Svalbard and Jan Mayen Islands Swaziland Sweden Switzerland Syria Taiwan Tajikistan Tanzania Thailand Timor Leste Togo Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Turks and Caicos Islands Uganda Ukraine United Arab Emirates United Kingdom United States Uruguay Uzbekistan Vanuatu Vatican City Venezuela Vietnam Virgin Islands Western Sahara Yemen Zambia Zimbabwe Requirement Submit The kingdom of Saudi Arabia is an Arab sovereign state situated in western Asia. Geographically, Saudi is the fifth largest state in Asia and second in the Arab states. Saudi Arabia is the world’s largest oil producer and exporter. World Bank has categorized it to be among some high income economy, high human development index. However Saudi Arabia lacks participation in other production services other than extraction of natural resources. Saudi Arabia economy is totally oil based as it possess around 18% of the world’s petroleum reserves, is the largest exporter of petroleum. The major revenue for the government comes from petroleum only. Saudi Arabia does have around 260 billion barrels of world oil reserves, which is nearly the 1/4th of the world oil reserves. The petroleum extraction is quite easy in Saudi Arabia because of the oil is in plenty and quite close to the earth surface , therefore contributing around 92.5% in Saudi revenues a 97% to the export earnings, and 55% in GDP. According to research report “Country Analysis Report: Saudi Arabia, In-depth PESTLE Insights“, the regulatory and open market policy of Saudi Arabia are not much developed if compared to other emerging economies therefore the kingdom has unveiled the economic reforms plan “SAUDI VISION 2030” which will help in increasing the foreign investment, and development of private sectors. Saudi Arabia is totally a monarchy system, ruled by king Salman bin Abdulaziz Al Saud. The major revenues for the government are generated through oil. The Saudi faces a lot of threatened from Islamic state. The Saudi citizens have to pay around 2.5% of the religious tax which is mandatory under the Islamic law. Ken Research says, trade is the very important business activity to Saudi Arabia as 73% of GDP is contributed by both import and export activities. The foreign investment and state owned industries are going to garble the economic condition of Saudi Arabia. As per the OPEC norms, Saudi Arabia and some other major oil producers agree to cut the production cost so as to flood the market in order to make supply exceed the demand that has collapsed the prices for the same. The kingdom faced the budget deficit for the first time and was forced to take loans from international investor. In order to meet these crises Saudi has already slashed energy subsidies, cut wages of officials due to which unemployment is going to rise. Key Topics Covered in the Report: Saudi Arabia Country Analysis Saudi Arabia Oil Industry Research Saudi Arabia Pestel Analysis Saudi Arabia Regulatory Environment Saudi Arabia GDP Growth Oil Rich Saudi Arabia Bracing Saudi Arabia Oil Industry Size Saudi Arabia Oil Industry Growth Saudi Arabia Oil Industry Market Share For More Coverage Click On the Link Below: https://www.kenresearch.com/consumer-products-and-retail/consumer-behaviour/country-analysis-report/24207-95.html Related Reports https://www.kenresearch.com/energy-and-utilities/clean-technology/solar-pv-module-market-update-global/83421-103.html https://www.kenresearch.com/energy-and-utilities/clean-technology/wind-turbines-market-update-2016-market-size/82209-103.html Contact Us: Ken Research Ankur Gupta, Head Marketing & Communications Ankur@kenresearch.com +91-9015378249 Tags: Oil Rich Saudi Arabia Bracing, Saudi Arabia Country Analysis, Saudi Arabia GDP Growth, Saudi Arabia Oil Industry Growth, Saudi Arabia Oil Industry Market Share, Saudi Arabia Oil Industry Research, Saudi Arabia Oil Industry Size, Saudi Arabia Pestel Analysis, Saudi Arabia Regulatory Environment