Saudi economy
The Saudi economy is primarily driven by oil production, making it one of the largest oil exporters in the world. The country has significant reserves of crude oil, which contribute to a substantial portion of its national revenue. This reliance on oil has shaped its economic landscape, leading to investments in various sectors to diversify its income sources.
In recent years, Saudi Arabia has initiated the Vision 2030 plan, aiming to reduce dependence on oil and promote sectors like tourism, entertainment, and technology. This strategy seeks to create job opportunities and stimulate economic growth, ensuring a more sustainable future for the Saudi economy.