 EASTERN PROVINCE | CENTRAL PROVINCE | WESTERN PROVINCE
The Kingdom of Saudi Arabia is a place of success and well being. Its prosperous economy has attracted professionals from all over the world. Through diversity and an Oil Driven economy; Saudi Arabia has become the main attraction in the Middle East for professionals who seek jobs in that region. Job opportunities are scattered all over the country; these exceptional and vast job opportunities in the provinces of Saudi Arabia has attracted the attention of international economic experts around the world.
In a World Bank Report on the “ease of doing business” for the year 2008, Saudi Arabia has advanced from 38th in the world to the 23rd position making it the best in the Middle East. The ranking of Saudi Arabia not only surpassed Kuwait and UAE but was ranked ahead of advanced economies such as France and Austria. The World Bank Report mentioned Saudi Arabia as one of the top reformers in the world. The kingdom’s exceptional performance has been driven by the Custodian of the two holy mosques King Abdullah bin AbdulAziz’s vision to increase the prosperity of the Saudi Arabian Provinces.
EASTERN PROVINCE
The Eastern Province brings the most income to Saudi Arabia and provides the most crucial product; petroleum. Saudi Aramco, an oil producing company, is located in Dhahran.
Most decisions regarding oil policy and production are made there. Decisions such as these affect the global economy seeing as Saudi Aramco provides oil to the major powers of the world. The oil industry makes up 45% of the country's GDP (gross domestic product).
The Eastern Province holds the kingdoms main oil and gas fields. Eastern Province has three industrial cities that produce high quality products. Dammam 1st Industrial City, Dammam 2nd Industrial City, & Jubail Industrial city are vast business centers that home thousands of industrial companies. The production is vast and covers many different industries making the Eastern Province the Industrial Capital of Saudi Arabia.
Eastern Province Chamber of Commerce
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CENTRAL PROVINCE
Al Riyadh is the capital of Saudi Arabia. It is the central point of travel and trade in Saudi Arabia. It is the source of all Saudi Arabia's power. It has set up numerous educational, financial, agricultural, cultural, technical, and social organizations.
Al Riyadh is considered one of the biggest business cities in the Middle East. This is due to the fact that Saudi Arabia plans on privatizing the electricity companies and the headquarters for this project are located in Al Riyadh. Not only that, but the National Banks headquarters are also located in Al Riyadh.
Al Riyadh is also used for transportation. It houses the King Khalid International Airport which has a major impact on the commercial movement in Al Riyadh. It provides air-transportation for millions of people throughout the year and ships goods to the city from all continents. Al Riyadh holds the essence of industrial prosperity. Success is a guarantee in this "city of lights".
Riyadh Chamber of Commerce
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WESTERN PROVINCE
Western Province is one of the main business centers in Saudi Arabia. It is home of the two holy cities Mecca & Medina which attract millions of tourist and pilgrims on yearly basis. The Western Province attracts businessmen as well as it attracts pilgrims.
The city of Jeddah is the second largest business center after Riyadh and it plays a major role in the country’s economy; with a thousand years of trading behind it and home to some of the world most successful merchants and business people, it is natural that Jeddah is the commercial capital of Saudi Arabia. In addition, the city's geographical location places it at the heart of the region covered by the Middle East and North Africa, with all their capitals within two hours flying distance, defining Jeddah as the commercial center of the Middle East.
Jeddah Chamber of Commerce
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Cities in Saudi Arabia are expanding rapidly; cities like Tabook, Rabigh, Ras Tanura, Taef, and many others are no longer mere residential cities, but have grown into strong financial entities with local & international investments. As part of King Abdullah's ambitious development initiative, Saudi Arabia has several mega projects in the works. The total cost of ongoing projects is estimated at $283 billion, with up to $700 billion in investments planned over the next 20 years. The largest private sector project is the King Abdullah Economic City, with investment set at $26.7 billion over the course of several years.
Saudi Arabia is the largest economy in the Middle East, comprising 25 percent of the Arab world's GDP. It is the world's leading oil exporter, possessing one-fourth of the world’s proven oil reserves. For more than 35 years, Saudi Arabian economic development has been broadly governed by five-year economic development plans. The first five plans emphasized the development of the Kingdom's infrastructure, with later plans having an increasing focus on human resource and private-sector development. Over the past decade, the Saudi Government has placed an emphasis on privatization, particularly in the industrial and agricultural sectors. The 8th Plan, approved in November 2005, reflects the emphasis placed on economic diversification and the increased importance of developing the non-oil sector in Saudi Arabia.
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