COUNTRY PROFILE

Country Profile - Saudi Arabia

Country Profile - Saudi Arabia

Introduction

Saudi Arabia is a nation that is located in the Middle East, and is one of the world's great economic powers. It is the largest country in the Arabian Peninsula and boasts of a population of 27 million. It is also one of the Arabian countries that has the most number of foreign residents with the number reaching 8.4 million. It is a country rich in resources geographically, and thus, It fares quite well on an economical scale. In this paper, I will be analyzing the nation as per its business landscape, opportunities, resources and international relations. I believe in examining the region I will get a thorough understanding of how business practices occur around that corner of the world.

Discussion

Saudi Arabia is a large country, with an average number of its occupants being educated. The country is known for its severe hot climate, with temperatures ranging from 110 degrees Fahrenheit in the summer and going below freezing point in winters. Nevertheless, the country's geography is diverse, with a healthy amount of forests, grasslands, deserts and mountain ranges. Saudi Arabia is a monarchy, based on the principles of Islam. It has a government that is run by a King, who also has major control of the Saudi Arabian military. Being one of the few monarchies left in the world, Saudi Arabia has managed to hold the fort quite admirably and is able to influence other Islamic countries with its strong political power and dignified stance on democratic relations with other countries. The monarchy is run by the King who has power over a Council of Ministers, which is also called at cabinet. There are a total of 22 government ministries as part of said Cabinets, and each ministry has the responsibility of handling a part of the government. For example, a certain ministry handles foreign affairs, or education and finance. This generalizes the King's duties as well as giving special individual attention towards each part of the government.

One of the King's goals in competing with the global economy is to ensure the field of education is given its due importance. In the past few decades, a lot of time and effort has been spent in ensuring students are given the right arena to go forth and stand shoulder to shoulder with their counterparts. International universities have been established for men and women, and in the past five years alone thousands of scholarships to universities around the world have been presented. An example of the success of the education field in the country is the introduction of King Abdullah University of Science and Technology. The best teachers from some of the most successful universities have been brought in to teach at the university, and the King has also expanded the educational program of studying abroad so more than 100,000 Saudi students are allowed access to other countries to carry out their university programs.

Furthermore, the Saudi culture has also been facing many changes ...