Saudi arabia

&
its contribution
to G20

A project by:
Bhavya
Sadhvi &
Anshika.
 Introduction
saudi arabia which is also known as the kingdom of saudi
arabia and “the land of the two holy mosques” ( makkah
and madinah )

with world’s second largest oil reserves and world’s eighth

largest natural gas reserves

the kingdom is categorized as a high income economy with

18th highest gdp in the world.
 History

 Saudi Arabia has been the homeland of the Arabs. Where Islam took birth in the 7th century.
Saudi Arabia owes its present formation to King Abdulaziz Al-Saud (1882-1953), who established the modern Kingdom in 1932.

Since 1953, Saudi Arabia has been ruled by the sons of King Abdulaziz.

The present ruler King Salman bin Abdulaziz Al Saud, ascended to the throne in January 2015.
 Economic and trade fundamentals
 Fueled by enormous revenues from oil exports, the economy boomed during the 1970s
and ’80s.

 GDP in Saudi Arabia is 83,354.12 crores USD (2021) and it is expected to reach 950.00
USD Billion by the end of 2023 and 1060.00 USD Billion in 2025

   Long-range economic development has been directed through a series of five-year plans
. The first two five-year plans (1970–75 and 1976–80) established most of the country’s
basic transport and communications facilities. 

 sources of income:
 Agriculture.(15%)
 Petroleum and other power resources.(38%)
 Manufacturing.(26%)
 Other services.(21%)
 Trade in saudi arabia
 Exports consist almost entirely of petroleum and petroleum products.

 Major imports are machinery and transport equipment, foodstuffs and

animals, and chemicals and chemical products.

 The principal trading partners are the United States, China, and Japan,

and the United Arab Emirates is an increasingly significant source of
imports.
import export
 Politics and government

 The quran and the sunnah are declared to be the country’s constitution.

 No written modern constitution.

 It is the only arab nation with no elections since political parties are banned in saudi
arabia.

 Saudi Arabia is a monarchy ruled by the saud dinasty .

 The king combines legislative, executive, and judicial functions. He has typically

taken on the role of prime minister.
 Saudi arabia and G20
What is G20?
 The Group of Twenty, or G20, is the premier forum for international
cooperation on the most important aspects of the international economic
and financial agenda. It brings together the world’s major advanced and
emerging economies.

 The G20 comprises Argentina, Australia, Brazil, Canada, China, EU, France,
Germany, India, Indonesia, Italy, Japan, Mexico, Russia, Saudi Arabia, South
Africa, South Korea, Turkey, UK and USA.

 The G20 Countries together represent around 90% of global GDP, 80% of
global trade, and two thirds of the world’s population.
 Objectives of a G20 summit
Support growth and development across the globe.

International co-operation.

Enhance macroeconomic co-operation among the G20 members.

Reduce abuse of the financial system.

Build a sustainable property.

 The history of Saudi participation in G20 summits

SAUDI ARABIA has been participating in the G20 Summit since the 2008 Washington meeting during
the global financial crisis, when the Kingdom’s economic importance was highlighted.

Its entry into the G20, which includes the world’s largest and fastest-growing economies, has increased
its influential role in the global economy as a solid industrial and financial base.

In June 2010, the G20 Summit was held in the Canadian city of Toronto, during which King Abdullah
addressed the leaders, stressing that the meeting must be in line with developments in the world
economy’s map and must respond to the need for a more representative group of the economies.

The Kingdom has taken several measures in the field of monetary policy, financial sector, and trade,
which helped reduce the impact of the global financial crisis and enhance the performance of the Saudi
economy.

According to the summit’s documents, the Kingdom’s membership in the G20 is a result of its crucial
importance as a source and a pricing force in the world’s energy markets.
 G20 Leaders’ Summit 2020

 The 15th meeting of Group of Twenty (G20) was convened from 21-22
November 2020. Originally scheduled to take place in Riyadh, Saudi Arabia,

 the event was held virtually, and This was the first time ever when Saudi
Arabia held the Presidency of the G20.

 The Saudi Arabian Presidency selected the theme, ‘Realizing Opportunities of

the 21st Century For All’.
The three key agenda items addressed under this theme were;

 ‘Empowering People, by creating the conditions in which all people

– especially women and youth – can live, work and thrive’

 ‘Safeguarding the Planet, by fostering collective efforts to protect

our global commons’

 and ‘Shaping New Frontiers, by adopting long-term and bold

strategies to share benefits of innovation and technological
advancement’.
Thank you!