what is the primary basis for the economy of saudi arabia
Economy of Saudi Arabia The economy of Saudi Arabia is dependent on oil and has strong government control over major economic activities. The Saudi economy is the largest in the Arab world.[13] Saudi Arabia has the world's second-largest proven petroleum reserves and the country is the largest exporter of petroleum.[14][15] It has also the fifth-largest proven natural gas reserves. Saudi Arabia is considered an "energy superpower".[16][17] It has third highest total estimated value of natural resources, valued at US$34.4 trillion in 2016.[18]
World's fair Expo 2020 will be held in Dubai, United Arab Emirates, as a Registered Exposition.
Salman of Saudi Arabia Salman bin Abdulaziz Al Saud (Arabic: سلمان بن عبد العزیز آل سعود‎ Salmān ibn ‘Abd al-‘Azīz Āl Sa‘ūd Arabic pronunciation: [sæɫmæːn ibˈn ʕabˈduɫ ʕaziːz æːɫ saʕuːd]; born 31 December 1935) has been King of Saudi Arabia, Prime Minister of Saudi Arabia, and Custodian of the Two Holy Mosques since 23 January 2015.
Import quota Quotas, like other trade restrictions, are typically used to benefit the producers of a good in that economy.