Saudipedia - Economy and Business

The Kingdom of Saudi Arabia's gold reserves are estimated at around 323.07 t by the end of the first quarter of 2024, while the total value of mineral reserves is estimated at approximately SAR9.375 trillion (about...

The Ghawar field is the largest oil field in the Kingdom of Saudi Arabia and the world, in terms of its proven conventional reserves, which reached 58.32 billion bbl of oil equivalent on December 31, 2018. Its productio...

The first paper currency in the Kingdom of Saudi Arabia was issued during the reign of the Founding King Abdulaziz Bin Abdulrahman Al Saud . It had a value of SAR0.5 and featured the inscription: 'The Kingdom of Sa...

The Arabian Shield, located west of the Kingdom of Saudi Arabia , contains various metallic minerals such as gold , copper, rare earth elements, tin, tungsten, and uranium associated with granite. Additionally, it conta...

The annual production of Jasmine in Jazan Province , located in the southwest of the Kingdom of Saudi Arabia , is estimated at about 280 t. Its cultivation is one of the most important agricultural practices for which t...

Taif rose cultivation is famous in Taif Governorate of the Kingdom of Saudi Arabia . Taif is located on the Sarawat mountains  range and includes about 850 rose farms, spread over several areas, such as al-Hada, al-Sha...

The income tax rates vary in the Kingdom of Saudi Arabia depending on the type of activity and the investment field. According to Article Seven of the Income Tax Law issued on March 6, 2004, the tax rate on the tax base...

Yes, there are Saudi automotive manufacturers. Ceer Motors, specializing in the manufacturing of electric vehicles, was announced by the Crown Prince, Prime Minister, and Chairman of the Board of Directors of the Public...

The Kingdom of Saudi Arabia is among the leading countries in the petrochemical, mining , food , pharmaceutical , medical supplies, cement, construction materials, and equipment industries. As of the end of December 202...

No, the fees for entry and exit visas in the Kingdom of Saudi Arabia vary. For instance, those coming to the Kingdom for tourism purposes are charged visa fees of USD80 (refundable). On the other hand, the Saudi governm...

According to data from the General Authority for Statistics , the prominent non-oil exports of the Kingdom of Saudi Arabia include chemicals and polymers, heavy machinery and electronics, automobiles, food products, con...

A Saudi tourist visa is obtained through the Visit Saudi website, which is affiliated with the Ministry of Tourism . This applies to tourists from eligible countries, including sixty-six countries across Europe, America...