In: English and Literature

Submitted By tamani
Words 272
Pages 2
Economic development of south Arabia
South Arabia is one of the developing nation,it largely depends on petroleum income for its budget revenues.It is one of the largest oil producing countries in the world and petroleum income accounts for more than 50% of its budget revenues and 90% of earning from export. since the discovery of oil in 1930s the economy of south arabia has grown tremendously to a high level(Oxford,2012).Its economy has since shifted from subsistence farming to the service and oil industries.
South arabia economy is ready for economic take off,with huge investment by government on infrastructure and other social amenities, high and stable income from oil and increase export of non-hydrocarbon (IMF,2012).The economist have projected this years economic growth to be 7% citing reasons such as increase oil revenues and massive government investment(Oxford,2012).In the recent past the government has rolled out plans of investing back Increased revenues from oil export into economy by announcing new development programmes like housing units,infrastructure and other economic stimuli programmes.
South Arabias increase in economic growth is also being contributed to by government plans to diversify the economy, the government has invested heavily in industrial and agricultural sector, while also encouraging both local and foreign investors to invest in the economy(Worldbank,2012). The government has provided private sector participation through incentives and generous financing which has now led to huge private investment into telecom and energy generation industry. This government initiative on diversification has seen non- oil export increase to 15% this year way from 10% in 2007(IMF,…...

Similar Documents

Saudi and Us

...What Underlies U.S.-Saudi Relations? America's Kingdom: Mythmaking on the Saudi Oil Frontier. By Robert Vitalis. Stanford: Stanford University Press, 2006. 353 pp. $29.95. Thicker than Oil: America's Uneasy Partnership with Saudi Arabia. By Rachel Bronson. New York: Oxford University Press, 2006. 353 pp. $28. National Security in Saudi Arabia: Threats, Responses, and Challenges. By Anthony H. Cordesman and Nawaf Obaid. Westport: Praeger Security International, 2005. 428 pp. $54.95. State of War: The Secret History of the CIA and the Bush Administration. By James Risen. New York. Simon & Schuster, 2006. 256 pp. $26. The Looming Tower: Al-Qaeda and the Road to 9/11. By Lawrence Wright. New York: Knopf, 2006. 470 pp. $27.95 Oil is interwoven into the modern history of the Middle East. University of Pennsylvania political scientist Robert Vitalis tackles the early history of Aramco in Saudi Arabia prior to that kingdom's 1980 nationalization of the industry in America's Kingdom: Mythmaking on the Saudi Oil Frontier. Vitalis's research demonstrates that while a security-for-oil understanding forms the basis of the U.S.-Saudi relationship, the origins of the bilateral relationship were private financial interests. He approaches his study with an academic's love for archives and declassified documents. He does not whitewash Saudi history with the happy, pre-9-11 narrative so popular among Saudi scholars. Instead, he talks about the racism that pervaded Aramco......

Words: 1450 - Pages: 6

Saudi Arabia

...Business Cultural Analysis Outline Saudi Arabia 1. What are the major elements and dimensions of culture in this region? 1.1. Introduction 1.1.1. Brief history of Saudi Arabia 1.2. Communication 1.2.1. Verbal and Nonverbal 1.2.2. High Context vs. Low Context 1.3. Languages 1.3.1. Arabic is the official language 1.3.2. English is widely spoken 1.3.3. Other languages spoken by non-Saudi population Urdu Farsi Turkish 1.4. Religion 1.4.1. Islam 1.4.2. Christianity 1.5. Ethics 1.5.1. Business Ethics in Saudi Arabia 1.5.2. Issue of Corruption 1.6. Values and Attitudes 1.6.1. Concept of time/time management 1.6.2. Dealing with change 1.6.3. The role of gender 1.6.4. Social Status 1.7. Business Manners and Customs in Saudi Arabia 1.7.1. Business etiquette Relationships and Communication Business Meeting Etiquette Business Negotiating Dress Etiquette Business Cards 1.7.2. Customs 1.8. Social Structures and Organizations 1.8.1. Social groups 1.9. Education 1.10. Hofstede's Dimensions of Culture 1.10.1. Individualism in Saudi Arabia 1.10.2. Power Distance 1.10.3. Masculinity 1.10.4. Uncertainty Avoidance 2. How are these elements and dimensions integrated by locals conducting business in the nation? 2.1. Integration of communication in local business 2.2. Integration of language in local business 2.3. Integration of religion in local business 2.4. Integration of ethics in local business 2.5. Integration of......

Words: 432 - Pages: 2

Saudi Arabia

...ECONOMICS II THE ACCESSION OF SAUDI ARABIA TO THE WTO ANALYSING THE FUTURE CHALLENGES SUBMITTED BY: AKANKSHA PRAKASH I.D.NO.: 1785 IIND YEAR B.A.LL.B. {HONS.} TABLE OF CONTENTS RESEARCH METHODOLOGY___________________________________________________________2 INTRODUCTION_________________________________________________________________________3 THE ACCESSION OF SAUDI ARABIA TO THE WTO: AN ANALYSIS OF THE FUTURE CHALLENGES____________________________________________________________________________4 • Objectives________________________________________________________________________4  Diversification of the economy______________________________________4  Development of modern infrastructure________________________________4  Access to Foreign Direct Investment (FDI) and modern technologies________4  Enhancement of purchase power of the population_______________________4  Employment Generation___________________________________________5  Maximization of competitive advantage in petrochemicals________________5  Open Access to international Market__________________________________5  Open Access to international Market__________________________________6  Integration of Saudi Arabia’s economy with the global economy____________6 • Reforms__________________________________________________________________________6  Foreign Investment_______________________________________________7  Trade in......

Words: 4341 - Pages: 18

Saudi Arabia

...My first day in United States Why many people from Saudi Arabia choose the United States to study? Why did I choose the United States to complete my master’s degree? Many people choose the U.S.A because to many things for example, there are a lot of universities in U.S.A and they are many states in it. My story of my first day in U.S.A and my experience what I learned from one day in the U.S.A maybe I cannot learn ever without I travel to it. My story of travel to the U.S and what I learned from it was interesting. The story begging on the first day for me in the United States. I was really afraid because I could not speak English. I knew just some simple words as yes and no. also, I didn’t know anyone in the U.S.A. when I arrived to Portland’s airport I just took my big and went outside. I saw the taxi and I tried to explain to him where I wanted to go. After ten mints he understood me, but he tried to explain to me it’s a faraway and that cost me a lot of money because I went to Frost Grove. It takes one hour and 30mints. I didn’t understood him but I said okay. When I arrived to the hotel I saw the meter side $150! That time I smiled and I understood what he was trying to say to me. Yes I was shocked when I saw the meter side 150 USD but I learned from this story to be careful next time and I don’t side okay for anyone without I understand him. Next day I went to the U.S bank and first thing I side to the employee was I need translator, because I don’t know what......

Words: 378 - Pages: 2

Saudi Arabia Foreign Policy

...the foreign policy of Saudi Arabia, this paper aims to show the ways in which Saudi foreign policy is unique and then go on to highlight the fact that Saudi policy is characterized by moderation and centrism. Its stance on issues pertaining to security and international relations will be demonstrated to be unique for a Middle Eastern state due a number of inter-linked issues; Saudi Arabia's geographical location as the ‘Heart of Islam', its significant oil reserves, and geo-political security issues. Having highlighted the special conditions in which Saudi foreign policy operates, it will then be argued that Saudi policy is dominated by themes of peaceful diplomacy and centrism, meaning that the Saudi approach to international affairs and security is one of pragmatic real politk rather than the more ideological approach adopted by other states in the region. In making such an argument, we will examine Saudi policy in relation to a number of key issues: the Israel-Palestine conflict and Iranian nuclear disarmament. Saudi Arabia holds a unique position in the Middle East. It is the ‘Heart of Islam' as it is home of to two of the holiest places is Islam, Mecca and Medina. Its oil reserves mean that it is the World's leading exporter of petrol. Furthermore, in the tinderbox-like atmosphere of the Middle East, the Kingdom of Saudi Arabia plays a crucial role of peace-maker in the region and is the closet Middle Eastern ally of the United States. The Saudis have significant......

Words: 1474 - Pages: 6

The Saudi Arabian Oil Company (Saudi Aramco)

...The Saudi Arabian Oil Company (Saudi Aramco) is the world's leading oil producing and exporting company. It is a fully-integrated, global petroleum enterprise that manages the world's largest oil reserves – about 260 billion barrels – and also manages the world's fourth largest natural gas reserves. Saudi Aramco is a fully integrated global petroleum enterprise headquartered in Dhahran, Saudi Arabia, participating in exploration & producing, refining, distribution, shipping, and marketing. With around 54,000 employees globally, representing 56 nationalities, the company is 100% owned by Saudi Arabian Government. Saudi Aramco has affiliates, joint ventures and subsidiary offices in China, Egypt, Greece, Japan, Netherlands, Philippines, Republic of Korea, Singapore, United Arab Emirates and the United States.Saudi Petroleum Overseas, Ltd is based in London and provides marketing and ocean transport support services. A subsidiary of Saudi Aramco owns a fleet of oil tankers to transport crude oil to key customers. Saudi Aramco, through subsidiaries, also invests in refineries and distribution networks around the globe. In addition to its headquarters in Saudi Arabia's Eastern Province city of Dhahran, Saudi Aramco has affiliates, joint ventures and subsidiary offices in China, Egypt, Japan, the Netherlands, Philippines, Republic of Korea, Singapore, United Arab Emirates, United Kingdom and the United States. In 2008, Saudi Aramco is celebrating its 75th......

Words: 439 - Pages: 2

Saudi Arabia

...Saudi Arabia is a kingdom that located in the Middle East region. It is the leader country in OPIC and that show’s how large is the Saudi’s economic power. The average of the Saudis are educated. From the beginning history of this kingdom, the government showed the importance of education for both men and women. Decades ago, the Saudi government started a project to give scholarships to the students who wants to complete their education abroad. The Saudi culture is very sensitive issue. Most of the Saudis are conservatives. A lot of changes happened in the Saudi’s economy, education, and cultures after five years of king Abdullah being in charge. The Saudi’s economy had major changes in the last five years. Before, the Saudi’s economy was relying on the oil business. Today, the Saudi economic policy has been changed a lot. King Abdullah established one of the four economic cities. The economic cities are a government development plan for the future. The goal of this plan is to diversify their economy away from oil, by generating foreign interest and bringing big corporations to these economic cities. The Saudi education has been changed to the better during the last decades and it at its best these days. King Abdullah is very interested in the education field. He established international universities for men and women. These universities afford full scholarships to Saudis and international students. Good example of these universities is King Abdullah of Science and......

Words: 597 - Pages: 3

Culture and Business in Saudi Arabia

...1. What forces that shape modern Saudi culture? How similar to different police forces from those that shaped the culture of Western Nations? Because modern Saudi culture is rooted in the nomadic tribes that once roamed the Arabian Peninsula, some modern day Saudi Arabia culture can be traced to the Bedouins. Islam has also influenced modern Saudi culture. Stores and restaurants still do the daily prayer dictated by the Koran and the strict dress codes followed by women make it unlike any other Western culture because the values and the social norms are based on religious teachings that still continue. 2. What kind of misunderstanding or likely to arise between an American company and the Saudi enterprise, if neither of which has experience in dealing with the other? Different cultures have different ways of doing business. In Saudi Arabia, family and friendship plays a big role in career advancement whereas in the US individual success is more important. Woman make up a share of the workforce but in Saudi Arabia women have little freedom. It is important that both sides are sensitive to each other’s culture for effective business conduction. 3. If you were in a position to advise a Western company that was considering doing business in Saudi Arabia for the first time, what would your advice be? The most important piece of advice would be to take time and learn about the Saudi culture and the Saudi way of doing business In order to avoid any......

Words: 310 - Pages: 2

Saudi Aramco

...Navrubal Kaur 825-091-481 Nikhil Pankantiwar 824-063-440 Rahul Teckchandani 824-521-108 Rajwinder Kaur Sidhu 825-002-736 Course: GBMP 528 Prof: Cesar Polvorosa Akshita Solanki 823-977-798 Armanpal Kaur 825-084-346 Gagan Verma 825-058-316 Kashish 825-107-238 Navrubal Kaur 825-091-481 Nikhil Pankantiwar 824-063-440 Rahul Teckchandani 824-521-108 Rajwinder Kaur Sidhu 825-002-736 World Geographies & Cultures: Saudi Aramco World Geographies & Cultures: Saudi Aramco Country Profile Name of Country: Saudi Arabia Source: CIA Factbook (Factbook) Demographics: Population: 27,345,986 * note: immigrants make up more than 30% of the total population, according to UN data (2013) (July 2014 est.) Population Growth Rate: 1.49% (2014 est.) Major languages: Arabic (official) Major religions: Muslim (official) 100% Life expectancy: (at birth) male: 72.79 years ; female: 76.94 years (2014 est.) Literacy Rates: total population: 87.2% ; male: 90.8% ; female: 82.2% (2011 est.) Government: Type of Government: Monarchy Head of Government: King of Saudi : King and Prime Minister ABDALLAH bin Abd al-Aziz Al Saud (since 1 August 2005) Geography: General features : Middle East, bordering the Persian Gulf and the Red Sea, north of Yemen Climate : harsh, dry desert with great temperature extremes Surface area: 2,149,690 sq km Population density: 12.91 / Largest city by population is: Riyadh Economics: Gross Domestic Product (GDP): $927.8 billion (2013 est.) GDP......

Words: 5280 - Pages: 22

Women Driving in Saudi

...WOMEN DRIVING IN SAUDI ARABIA Gender inequality has been one of the major challenging problem that has been experienced in Saudi Arabia since time immemorial, women are treated as lesser breed compared to their counterpart men. Important roles like decision making, implementation of policies are mostly men role and no woman is suppose to contribute or argue in decision making . Women rights such as voting, travelling outside their country on their own and driving cars are some of the cases that are denied to (Sodafeldt ). This paper will seek to enclave and give explanation as to why the Authority in Saudi Arabia prohibit women from driving, conclusion and recommendation that need to be done to alter the situation. Al-Rasheed argues that oppression of women , their rights and the role their play in the society as the main stumbling block that Saudi women faces . He goes on further to explain that Gender Gap Index, Culture, religion and traditions as the main reasons as to why the trendy has continued despite the international community pressure. These social implications explain best why women are denied their social right in Arabia. It is believed that only close to 30% of Saudi Arabia women are literate and the less are illiterate without basic education. Moreover the system tend to favor men with best curriculum system leaving women with substandard education, they also can't take engineer and law course because the authority in charge dictate...

Words: 918 - Pages: 4

Saudi Oil

...Background Information (e.g., corporate history) Saudi Arabia has long been a mysterious land of sand and oil, with an unruly alliance with the US. In recent years it has grown loud as America moves to change its foreign policy in ways that it could make it less reliant on Saudi Arabia. US shale oil recently started being exported after a decade of inactivity (ref 1). As America entered the oil market the Saudis decided to flood the oil market and bankrupt the expensive American industry with cheap oil. In a move that would hurt Iran, Russia, and America, one that is more politically motivated than economical, Saudi Arabia used its ‘oil weapon’ for the second time. The first time it had wielded that weapon was in the 1970s when America’s support for Israel in the Yom Kipur war threatened to defeat Egypt and the Arab alliance in the conflict (ref 2). The US economy almost had a stroke, in the end the solution to the crisis was the assassination of the Saudi king, king Faisal (ref 3). This time around, in 2014, the Saudis are facing a similar view of defeat in the eye of Iranian and Russian superiority in the Middle East. Arabia feels that it is being economically encroached by the non-Sunni powers that are changing the region. As a clear example, Russian and Iranian influence controls a good chunk of the northern half of the Middle East. In Lebanon, Syria, Iraq, and even Yemen, the forces that have shifted into power are less friendly to Saudi Arabia and more aligned with......

Words: 2335 - Pages: 10

Saudi Arabia

...Saudi Arabia Its officially known as the Kingdom of Saudi Arabia, is an Arab state in western Asia Saudi Arabia is the worlds largest oil producer and largest exporter and controls the worlds largest hydrocarbon reserves. Saudi Arabia is a member of Organization of the petroleum exporting countries(OPEC). Saudi Arabia's command economy is petroleum based roughly 75% of budget revenues and 90% of export earnings come from the oil industry. GDP-$648.971billion Trade relations between China and Saudi Arabia China's main exports to Saudi Arabia: automobiles, electronic goods , industrial machinery etc. China main imports from Saudi Arabia: crude oil, liquefied petroleum gas and primary plastics. In 2014 ,Saudi was the 20th and 10th export and import market respectively for China (0.9% of China exports and 2.5% of China imports)..the bilateral trade was $69.1bn and trade balance -$27.9bn Bilateral trade is the exchange of goods and services between countries. Trade balance is the difference between the monetary value of exports and imports of output in an economy over a period of time. China has also undertaken several energy exploration agreement with the Saudi Arabia's government winning the right to explore e.g. in Saudi Arabia's al-khali basin Saudi Arabia agreed to help China develop strategic petroleum reserves and to modernize downstream refining capacity e.g. deal to construct a refinery for natural gas in Fujian province Saudi Arabia is involved in...

Words: 252 - Pages: 2

Saudi Arabia

...Saudi Arabien ist nicht der einfachste Ort in der Welt für westliche Unternehmen um dort Geschäfte zu machen. Auf der einen Seite bietet das ölreiche Königreich viele Gelegenheiten für Unternehmensgeschäfte. Westliche Baufirmen haben lange eine Rolle beim Errichten von Infrastruktur im Königreich gespielt. Westliche Marken von Coca-Cola, Nike und McDonalds bis Body Shop, Next, Benetton haben dort eine signifikante Präsenz. Östliche Luftfahrtunternehmen wie Boeing und Lockheed haben eine beträchtliche Anzahl an Flugzeugen an Saudi Arabien über die Jahre verkauft. Markt der Saudis ist einer der größten im mittleren Osten. Für mehr als ein Jahrzehnt hat die Regierung signalisiert dass sie offener gegenüber fremden Investitionen in bestimmten Sektoren der Wirtschaft ist obwohl Öl und Gas Gewinnung immer noch für staatliche Unternehmen reserviert ist. Auf der anderen Seite ist Saudi Arabien ein historisch konservatives Land wo ein großer Anteil der Bevölkerung sich die religiösen Werte und alten Traditionen der Region zu bewahren wünscht. Das läuft auch in den Geschäftssektor über. Kultur des Landes wurde durch eine Kombination von islamischen und beduinischen Traditionen geformt. Als 1744 die Wüstennomaden die arabische Halbinsel bevölkerten, schloss bei einer Oase wohnende al Saud Klan einen Pakt mit Ibn Abd-al-Wahhab. Wahhab war ein einflussreicher islamischer Wissenschaftler der es anstrebte den Islam zu reinigen und ihn zu seinen traditionellen Wurzeln zurück zu führen durch......

Words: 846 - Pages: 4

Saudi Case

...purifying the Islam and wanted to bring back the traditions mentioned in Koran supported the formation of Saudi kingdom and in 1922 Saudi kingdom was born. There are two Arab societies Shiites in the south and Sunnis in the middle and north side who are pursuing their way of life that dates back around 5000 years. By tradition Saudi is conservative country who believed in their religious values and traditional practices. There is a significant difference between western and Saudi culture mainly because of the religion they follow most of the western countries follow Christianity were as Saudi follows Islam both of their culture were influenced by their holly books Bible and Quran. In United States there is lot of individualism which helped them to create lot of entrepreneurs were as in Saudi there is a lot of family and friendship ties in all there business related activities, friends and family suggestions will be kept above expert advice so there is not much entrepreneurial activity in Saudi. Saudi imposes lot of restrictions on women and women have a very limited role in shaping a society because all the decisions made in Saudi were by male, women were even restricted to drive any vehicle it shows how much male centric Saudi society is where as in US woman were given sufficient space for them to evolve and there is no gender based restrictions in US unlike in Saudi. The Americans are very concerned about time and scheduling but for the Arab, who lives in a society......

Words: 487 - Pages: 2

Saudi Arabia

...religious beliefs, traditions, work ethic ( culture) The full name of Saudi Arabia is the Kingdom of Saudi Arabia. Arabic is the official language. In the 7th century, the successor of the Mohammed who was the founder of Islam established Arab empire. The 8th century is a heyday for Saudi Arabia, and its territory crosses Europe, Asia and Africa. However, in the 16th century, Arab empire was ruled by the Ottoman Empire. In the 19th century, The Great Britain invaded into Arab, it was divided into two parts, Hejaz and Nejd. In 1924, the chief of Hejaz in Saudi Arabia merged Nejd and then gradually unified the Arabian Peninsula. Finally, in September 1932, he declared the establishment of Saudi Arabia kingdom. Saudi Arabia is the birthplace of Islam. Islam has become the world’s second large religion. The founder Muhammad established Islam approximately A.D 600 in Mecca; the sacred city of Islam is located in Saudi Arabia. Islam prospers in northwestern Africa, the Middle East, Central Asia, Pakistan, and some Southeast cities. Religion strongly affects consumption behavior of Arabian. For example, Muslim consumers are not allowed to consume alcohol and pork, besides that, the nation is governed under the Law of Islamic. Muslim pray five times a day, the local people usually go to the mosque to do religious service. Women must wear black robes in that day. Some of the traditions and customs in Saudi Arabia are similar to the other countries, but some of them are......

Words: 2053 - Pages: 9