Marketing in Saudi Arabia Market
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Export amount of Saudi Arabia
Despite the large Oil exports, Saudi arabia is not among the top 20 exporting countries in the world but is ranked 22nd after India.
The dairy industry of Saudi Arabia
It may seem strange to you, but the largest dairy factory is located in this country. 95,000 lactating cows are kept in this factory. Saudi Arabia produces one billion liters of milk daily.
Per capita income of Saudi Arabia
Per capita income in Saudi Arabia until the end of 2017 was equivalent to 59 thousand 170 dollars per year. This is 2.9 times less than the per capita income of American citizens.
Foreign immigration of Saudi Arabia
There are currently six million foreign nationals working in Saudi Arabia, and it is estimated that 15% of the country's total population are foreigners.
The unemployment rate of Saudi Arabia
Despite its economic size, Saudi Arabia also has one of the highest unemployment rates in the region. The country's unemployment rate in 2018 reached 12.9 percent.
The most profitable company in the world is in Saudi Arabia
Saudi Aramco is the world's most profitable company with a reported profit of $ 111 billion in 2018. The state-owned Oil company also had a higher net income than Apple Corps, Amazon, and Alphabet. Although Oil now accounts for 90% of its economy, no Oil had been discovered there until 1938.
Although Saudi Arabia is said to be rich in what it calls the world's second-largest Oil reserves, no Oil was discovered before 1938. It was not until 1938 that the Oil exploration team of a California Oil company discovered one of Saudi Arabia's Oil reserves. The California Oil company was in charge of managing Saudi Oil production until 1980, the Saudi dynasty took over. More than 90 percent of Saudi Arabia's national wealth now comes from Oil production.
Saudi Arabia's position in the list of GDP per capita in the Middle East, although Saudi Arabia ranks 18th in the world in terms of GDP, it ranks fourth in the Middle East in this regard. It houses the largest farm in the world
Al-Mara's farm in Saudi Arabia is the largest dairy farm in the world. On this farm, about 95,000 lactating cows are kept and about one billion liters of milk are produced daily.
The annual income of an American is more than twice the annual income of a Saudi
In 2017, the annual income of each American was $ 56,160. While the annual income of each Saudi was $ 20,090 in the same year, which is 9.2 times lower than the annual income rate in the United States.
One of its Oil fields has enough Oil that can fill 77.4 million swimming pools for the Olympics.