Saudi state
The term "Saudi state" refers to the Kingdom of Saudi Arabia, a country located in the Middle East on the Arabian Peninsula. Established in 1932 by King Abdulaziz Al Saud, it is known for its vast deserts, rich oil reserves, and significant religious sites, including Mecca and Medina. The kingdom is an absolute monarchy, where the king holds substantial power over the government and its policies.
The economy of the Saudi state is heavily reliant on oil exports, making it one of the largest oil producers in the world. The government has been working on diversifying the economy through initiatives like Vision 2030, which aims to reduce dependence on oil and promote sectors such as tourism and technology.