INTERNATIONAL BUSINESS

Country Allotted: Saudi Arabia

Submitted by,
Ashwin Nathan 1520228
Ashrith Logan
Karan Rajesh
Jose Rainy
Franklin
Antony 1520218

Country GDP and PCI

Gross Domestic Product:

GDP at purchaser's prices is the sum of gross value added by all resident producers in
the economy plus any product taxes and minus any subsidies not included in the value of the
products. It is calculated without making deductions for depreciation of fabricated assets or
for depletion and degradation of natural resources.
Periodicity: Annual
GDP is at US $646.002 Billion

Source: World Bank national accounts data, and OECD National Accounts data files.

Per Capita Income:

The GDP per capita is obtained by dividing the countrys gross domestic product,
adjusted by inflation, by the total population
The Gross Domestic Product per capita in Saudi Arabia was last
recorded at 21312.82 US dollars in 2015. The GDP per Capita in Saudi
Arabia is equivalent to 169 percent of the world's average. GDP per capita
in Saudi Arabia averaged 18410.95 USD from 1968 until 2015, reaching
an all-time high of 27263.10 USD in 1977 and a record low of 14232.22
USD in 2002. GDP per capita in Saudi Arabia is reported by the World
Bank.

Source: http://www.tradingeconomics.com/

Population Size and Density:

Total population is based on the de facto definition of population, which counts all
residents regardless of legal status or citizenship. The values shown are midyear estimates.

The current population of Saudi Arabia is 32,274,351 as of Sunday, September 11,

2016, based on the latest United Nations estimates.

Saudi Arabia population is equivalent to 0.43% of the total world population.

Saudi Arabia ranks number 41 in the list of countries by population.

The population density in Saudi Arabia is 15 per Km2 (39 people per mi2).

The total land area is 2,143,865 Km2 (827,751 sq. miles)

78.8 % of the population is urban (25,344,685 people in 2016)

The median age in Saudi Arabia is 28.6 years

Source: www.worldometers.info
Age Structure:

9 402 201 young people under 15 years old ( 4 814 313 males / 4 587 888 females)

21 589 198 persons between 15 and 64 years old ( 12 196 897 males / 9 392 301
females)

944 340 persons above 64 years old ( 494 046 males / 450 294 females)

Source: www.populationpyramid.net

Top 5 industries in terms of exports:

1.

Oil: US$164.1 billion (76.9% of total exports)

2.

Plastics: $15.2 billion (7.1%)

3.

Organic chemicals: $10.2 billion (4.8%)

4.

Ships, boats: $2.5 billion (1.2%)

5.

Aluminium: $2 billion (1%)

Source: http://www.worldstopexports.com

World Famous Companies with Products

Companies

Industry

Sabic
STC
NCB

Petrochemicals $80 billion

$90 billion
Telecom
$35.6 billion $29.6 billion
Banking
$115.9 billion $34.13 billion

Market Value Assets

Al-Rahi
Kingdom

Banking
Diversified

$76.8 billion
$12.5 billion

$27.46 billion
$19.6 billion

Holdings
Saudi Electricity
Jabal Omar
Almaraj
Samba

Utilities
Real-Estate
Agriculture
Agriculture

$63 billion
$5 billion
$6.4 billion
$53 billion

$19.2 billion
$18.13 billion
$14.13 billion
$13.33 billion

Source: www.macropolis.net

Major items of trade export/import:

The top exports of Saudi Arabia are Crude Petroleum ($232B), Refined Petroleum($19.8B),
Ethylene Polymers ($11.4B), Acyclic Alcohols ($7.37B) and Propylene Polymers($6.6B),
using the 1992 revision of the HS (Harmonized System) classification. Its top imports are
Cars ($13.6B), Refined Petroleum ($10.7B), Delivery Trucks ($3.48B), Planes, Helicopters,
and/or Spacecraft ($3.06B) and Packaged Medicaments ($3.01B).

Source: http://atlas.media.mit.edu/

Major trading partners of the country:

The top export destinations of Saudi Arabia are China ($44.2B), Japan ($42.5B), the United
States ($41.8B), South Korea ($33.1B) and India ($30B). The top import origins are China
($20.5B), the United States ($15.4B), India ($13B), Germany ($11.5B) and South Korea
($8.29B).

Source: http://atlas.media.mit.edu/

No. of Billionaires with photos and names and their net worth along with
their association to those top companies

1 Prince Alwaleed Bin Talal Alsaud

Estimated net worth: $30 Billion
Founder and Chief Executive Officer at Kingdom Holding Company

Sulaiman Al Rajhi
Estimated Net Worth: $11 Billion
Co-founder of Al Rajhi Bank

3 Mohammed Hussien Al Amoudi

Estimated Net Worth: $8 Billion
Al Amoudi owns a broad portfolio of businesses in construction, energy, agriculture,
etc.

Maan Al Sanea
Estimated Net Worth: $8.1 Billion
Founder of the Saad Group

Mohamed Bin Issa Al Jaber

Estimated Net Worth: $5.3 Billion
He is an Arab businessman and philanthropist. He is also known for hotel
investments.

Saleh Kamel
Estimated Net Worth: $5 Billion
Chairman and founder of Dallah al Baraka Group (DBHC)

Saleh Al Rajhi
Estimated Net Worth: $4.7 Billion
Founder of and owner of second largest stake in Al Rajhi Bank.

Abdullah Al Rajhi
Estimated Net Worth: $3.2 Billion
Co-founder of Al Rajhi Bank along with his two brothers.

Country Infrastructure

Saudi Arabia has a lot of infrastructure and famous landmark structures.

The landmark in the picture is Mecca . It is the capital of that kingdom's Makkah Region.
The city is located 70 km (43 mi) inland from Jeddah in a narrow valley at a height of 277 m
(909 ft.) above sea level. Its resident population in 2012 was roughly 2 million, although
visitors more than triple this number every year during the hajj ("pilgrimage") period held in
the twelfth Muslim lunar month of Dhu al-Hijjah.

Al Masjid An Nawabi is a mosque established and originally built by the Islamic

prophet Muhammad, situated in the city of Medina in Saudi Arabia. Al-Masjid an-Nabawi
was the second mosque built in the history of Islam and is now one of the largest mosques in
the world. It is the second-holiest site in Islam, after Masjid al-Haram in Mecca. It is always
open, regardless of date or time.

The Kaaba also referred as Al Kaaba Al Musharrafah (The Holy Kaaba), is a building at the
centre of Islam's most sacred mosque, Al-Masjid al-Haram, in Mecca, al-Hejaz, Saudi
Arabia. It is the most sacred Muslim site in the world.[1] It is considered the "House of Allah"
and has a similar role to the Tabernacle and Holy of Holies in Judaism. Wherever they are in
the world, Muslims are expected to face the Kaaba when performing salat (prayer). From
any point in the world, the direction facing the Kaaba is called the qibla.

The Masmak is a clay and mud-brick fort, with four watchtowers and thick walls, founded on
stone blocks, lying in the centre of Riyadh, in the old quarters. This building played a major
part in the kingdom's history, as it was here that the recapture of Riyadh, led by Ibn Saud,
occurred on 14 January 1902.

Major tourist attractions/Major cities

The capital of Saudi Arabia, Riyadh is the city with the highest population. It is also the
biggest city of Saudi Arabia.

Jeddah is another major city in Saudi Arabia with a population of 4 million. It is the most
modern and beautiful city of Saudi Arabia.

Dammam is another major city with a population of 1 million people. It is a traditional

looking city but it has a lot of culture and history.

Dumat Al Jundal is a seat of the rich culture of Saudi Arabia. It is one of the major tourist
attraction sites of Saudi Arabia.

Jabal al- Lawz features amongst the most popular tourist attraction sites in Saudi Arabia and
the region is famous for its unique flora and fauna.

The Jamarat Bridge at Saudi Arabia is a must see place not only for the muslims but also
those belonging to other region as it holds a very significant place in among the places of
tourist interest in Saudi Arabia

Culture and Life Style

The cultural setting of Saudi Arabia is Arab and Islam, and society itself is in general deeply
religious, conservative, traditional, and family oriented. Many attitudes and traditions are
centuries-old, derived from Arab civilization. However its culture has also been affected by
rapid change, as the country was transformed from an impoverished nomadic society into a
rich commodity producer in just a few years in the 1970s.

Official Currency & Languages

Saudi Riyal is the official currency of Saudi Arabia. The riyal has been the currency of Saudi
Arabia since the country came into being and was the currency of Hejaz before Saudi Arabia
was created, one of the primary currencies in the Mediterranean region during the Ottoman
era. The Hejaz riyal was based on but not equivalent to the Ottoman 20 kuru coin and was
consequently divided into 20 qirsh.

The official language of Saudi is Arabic. The three main regional variants spoken by Saudis
are Hejazi Arabic, Najdi Arabic and Gulf Arabic. Saudi sign language is the principle
language of the deaf community. The large expatriate communities also speak their own
languages, the most numerous of which are Tagalog, Rohingya, Urdu and Egyptian Arabic.

Major sea/ Airports

The major airports in Saudi Arabia are as follows:

1

King Abdulaziz International Airport

King Khalid International Airport

Al Ahsa Airport

The major seas in Saudi Arabia are as follows:

1

Persian Gulf Sea

Red Sea

Major Inventions and Discoveries

Saudi Arabia were responsible for the discovery of oil. SOCAL set up
a subsidiary company, the California Arabian Standard Oil Company (CASOC) to develop
the oil concession. SOCAL also joined forces with the Texas Oil Company when together
they formed CALTEX in 1936 to take advantage of the latters formidable marketing network
in Africa and Asia. When CASOC geologists surveyed the concession area, they identified a
promising site and named it Dammam No. 7, after a nearby village. Over the next three years,
the drillers were unsuccessful in making a commercial strike, but chief geologist Max
Steineke persevered. He urged the team to drill deeper, even when Dammam No. 7 was
plagued by cave-ins, stuck drill bits and other problems, before the drillers finally struck oil
on 3 March 1938. This discovery would turn out to be first of many, eventually revealing the
largest source of crude oil in the world. For the king, oil revenues became a crucial source of
wealth since he no longer had to rely on receipts from pilgrimages to Mecca. This discovery
would alter Middle Eastern political relations forever.

Standing on world competitive index

The Global Competitiveness Report (GCR) is a yearly report published by the World
Economic Forum. Since 2004, the Global Competitiveness Report ranks countries based on
the Global Competitiveness Index, developed by Xavier Sala-i-Martin and Elsa V.
Artadi. Before that, the macroeconomic ranks were based on Jeffrey Sachs's Growth
Development Index and the microeconomic ranks were based on Michael Porter's Business
Competitiveness Index. The Global Competitiveness Index integrates the macroeconomic and
the micro/business aspects of competitiveness into a single index.
The report "assesses the ability of countries to provide high levels of prosperity to their
citizens. This in turn depends on how productively a country uses available resources.
Therefore, the Global Competitiveness Index measures the set of institutions, policies, and
factors that set the sustainable current and medium-term levels of economic prosperity.

As shown in the image above Saudi Arabia is ranked 18th in the global competitiveness index.

References

www.wikepedia.org

www.google.com

www.forbes.com

www.worldeconomicforum.com

www.arabnews.com

www.blogspot.in

www.arabiangazzette.com