Strategically located at the crossroads of three continents - Asia, Africa and Europe, the Kingdom of Saudi Arabia (The KSA) is the world’s most important commercial, trading and religious hubs.
The country’s demographic profile is young, with a median age of years. It is one of the most populated country amongst the GCC countries, comprising % of the region’s population.
The KSA has the largest economy in the Arab world and the second-largest economy in the Middle East and North Africa region, after Turkey. The average growth is expected to remain stable at % from 2015 to 2019.
The diversification of the economy away from petroleum sector has further resulted in the increased contribution of non-oil sectors like manufacturing, agriculture, financial services, and tourism to the overall GDP.
The KSA government has initiated many structural reform measures designed to encourage privatisation, liberalise foreign trade, and reform investment regimes. Education and skills development have been other major focus areas for the government.
About this report
A country profile is an instant guide to the political, economic, demographic, industrial, and business environment of a market. The report provides a range of quantitative and qualitative information on a variety of national aspects including geography, economy, education, demography, labor, political climate, infrastructure, industry, tax, trade, investment, and ease of doing business. It also provides a PESTLE analysis of a country's business climate. The country profile can be an effective tool for businesses in their marketing, strategy, and planning exercises when studying the future prospects of an economy.
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