Saudipedia - Economy and Business

The refining capacity of Yanbu Refinery is 250,000 bbl per day. Since its establishment in 1983, it has been strategically significant, serving as a vital artery for supplying the local market with petroleum products. I...

The Maximum Sustainable Capacity (MSC) of the Shaybah Field was estimated on December 31, 2018, at one million bbl of crude oil per day. Its proved reserves amounted to 14.86 billion bbl of oil equivalent, including 13....

Cities built with the aim of providing and developing industrial lands in the Kingdom pf Saudi Arabia to establish and operate factories that develop infrastructure and services, such as electricity and water in order t...

It is the parallel market to the Saudi Exchange or Saudi Tadawul, commonly referred to as Nomu. It was launched by the main market, the Saudi Exchange, under the supervision and regulation of the Capital Market Authorit...

The Saudi Accreditation Center (SAC) is the official national body that provides accreditation services to conformity assessment bodies in the Kingdom of Saudi Arabia . Conformity assessment is the verification of the c...

Yes, the Kingdom of Saudi Arabia imports horses. The importation is conducted by individuals or private entities for racing and breeding purposes. Ministry of Environment, Water, and Agriculture issues import licenses f...

Yes, as robots are classified within artificial intelligence (AI) systems. The concept of AI has been promoted in the Kingdom of Saudi Arabia since 2019 as one of the pillars of the technologies of the Fourth Industrial...

Taif rose water is produced through a process of cooking and distillation. In each batch, approximately 13,000 rose petals are placed in a special pot. Heat is applied underneath the pot, causing the steam generated fro...

Saudi Aramco al-Jubayl Refinery (SASREF) is a Saudi company wholly owned by Saudi Aramco . The refinery is located in al-Jubayl Industrial City and carries out the process of refining crude oil and converting it into pe...

It is an awareness program that aims to enhance financial and investment knowledge based on a strategic plan. The Capital Market Authority launched it in line with the Financial Sector Development Program , one of the p...

The term Davos in the Desert refers to the ' Future Investment Initiative ,' an annual investment event held in Riyadh , the capital of the Kingdom of Saudi Arabia. The first edition of the event was inaugurat...

Jeddah Islamic Port is the first terminal for Cruise Saudi . The first cruise set sail from the Kingdom of Saudi Arabia in 2021 aboard a giant cruise ship named 'MSC Bellissima,' heading to local and regional ...