Saudipedia - Economy and Business

The number of gold mines in the Kingdom of Saudi Arabia is six, with a total production of 434,845 oz. in 2020. Ad-Duwayhi Mine, the currently largest gold-producing mine in the Kingdom, is located in Makkah al-Mukarram...

Ras Tannurah Port is the largest Saudi oil port in the world, handling approximately 90 percent of the hydrocarbon materials exported from the Kingdom of Saudi Arabia to global markets. The port is located north of Damm...

Yes, the Kingdom of Saudi Arabia manufactures smart chips. On August 25, 2021, the Minister of Communications and Information Technology announced the production of the first smart chip in the Kingdom, made and develope...

The handling capacity of King Fahd Industrial Port in Yanbu reaches 210 million t per year, and it accommodates ships with loads up to five hundred thousand t. Its area is estimated at about 6.8 km², containing thirty-...

The Kingdom of Saudi Arabia's annual production of phosphate and its products is approximately six million t per year according to 2020 statistics. The Kingdom aims to reach nine million t annually by 2025, and its...

Yes, there is natural gas in the Kingdom of Saudi Arabia, and the known gas reserves in the Kingdom amount to approximately 237.4 trillion standard ft³. Saudi Aramco Company has been extracting gas and utilizing it to ...

Since 1952 , the Saudi currency has been printed, minted, and issued at the Saudi Central Bank 'SAMA' (formerly the Saudi Arabian Monetary Agency). As per Saudi laws, this privilege is exclusive to the bank,...

Yes,  the Kingdom of Saudi Arabia produces ships. In 2019, Saudi Aramco signed two contracts to establish factories for producing giant ships and marine platforms at the King Salman International Complex for Maritime I...

Yes, the Kingdom of Saudi Arabia produces green hydrogen, which is a form of renewable energy utilized as a fuel source for transportation modes and power stations and as a green feedstock in various manufacturing indus...

The Kingdom of Saudi Arabia invests in human capital through localization and training programs, as Saudi Vision 2030 aims to reduce the unemployment rate from 12.8 percent at its announcement in 2016 to 7 percent by 20...

There are various types of Saudi visas , each serving different purposes. The tourist visa is distinct from the Umrah visa issued by official entities in the Kingdom of Saudi Arabia in several keyways: - Visa applicatio...

The Saudi tourist visa can be obtained through several methods, including: an electronic visa, a visa via service offices, a visa through the Kingdom's embassies, or a visa upon arrival. Holders of a Saudi tourist ...