KINGDOM OF SAUDI ARABIA
Saudi Arabia, officially the Kingdom of Saudi Arabia (KSA), is a country in Western Asia. It spans the va... View more
Saudi Arabia, officially the Kingdom of Saudi Arabia (KSA), is a country in Western Asia. It spans the vast majority of the Arabian Peninsula, with a land area of approximately 2,150,000 km2 (830,000 sq mi). Saudi Arabia is the largest country in the Middle East, and the second-largest country in the Arab world.As of October 2018, Saudi Arabia is the largest economy in the Middle East and the 18th largest in the world. Saudi Arabia has the world’s second-largest proven petroleum reserves and the country is the largest exporter of petroleum. It also has the fifth-largest proven natural gas reserves. Saudi Arabia is considered an “energy superpower”. It has the second highest total estimated value of natural resources, valued at US$34.4 trillion in 2016. Saudi Arabia’s command economy is petroleum-based; roughly 63% of budget revenues and 67% of export earnings come from the oil industry.
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