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In 2016, the main investing countries in Saudi Arabia were the US, UAE, France, Singapore, Kuwait, and Malaysia. They mainly invested in chemical industry, real estate, tourism, fossil fuels, automobiles, and machinery. [70] As part of its diversification, Saudi Arabia arranged major refinery contracts with Chinese and other companies. [71]
Sixteen new piers were constructed at the port as part of the development. In 1975, the port imported 2.486 million tons of goods or about 40% of Saudi Arabia's total imports for that year. Imports through Dammam port reached 14.515 million tons in 1982. A total of 3,228 ships visited the port in 1987, and 7.322 million tons of goods were imported.
Riyadh, the financial center of Saudi Arabia. The economy of Saudi Arabia is one of the top twenty economies in the world and is one of the largest economies in the Arab world and the Middle East. [64] Saudi Arabia is part of the G20 group of countries. [65] With a total worth of $34.4 trillion, Saudi Arabia has the second most valuable natural ...
Main page; Contents; Current events; Random article; ... This is a list of countries by imports, ... Saudi Arabia: 140,017
For most economies worldwide, their leading export and import trading partners in terms of value are typically the United States, the European Union (EU) or China. Emerging markets such as Russia, Brazil, India, South Africa, Saudi Arabia, the UAE, Turkey, and Iran are becoming increasingly important as major markets or source countries in various regions.
Other major exporters of petroleum in that year included the United States, Canada and United Arab Emirates. In 2022, Saudi Arabia also had the largest oil export value in US dollar terms by far. Many of these countries also import oil, and some import more oil than they export, this is known as an oil export deficit.
Saudi Arabia is a major exporter of fruits and vegetables to its neighbours. Among its most productive crops are watermelon, grapes, citrus fruits, onions, squash, and tomatoes. At Jizan in the country's well-watered southwest, the Al-Hikmah Research Station is producing tropical fruits including pineapples, paw-paws, bananas, mangoes, and guavas.
In 1932, the Kingdom of Saudi Arabia was proclaimed with Ibn Saud as king. [2] Without stability in the region, the search for oil would have been difficult, as evidenced by early oil exploration in neighbouring countries such as Yemen and Oman. [3] Prior to 1938, there were three main factors that triggered the search for oil in Arabia: