2. MACRO ECONOMIC FACTOR
POPULATION 3.9 CR
NO OF
STATES/REGIONS
13
GDP NOMINAL 786.522 CRORES USD
GDP-PPP 1.862 trillion USD
GROWTH RATE OF GDP 1.6%
FOREIGN EXCHANGE
RESERVE
1850000.00 SAR
MILLION
PER CAPITA INCOME 55,730 PPP DOLLARS
PER CAPITA INCOME 23,539 NOMINAL USD
3. Multilateral agreement signed
On sept 2018 Saudi signed the
multilateral convention to implement
tax treaty related measures to prevent
Base erosion and profit sharing.
Bilateral agreement signed
Saudi Aramco agreed to acquire 20% stake in
Relince Industries Refinning and
petrochemical business.
The $15 billion deal between worlds largest
oil producer and Indias richest man.
4. Large corporate groups
Saudi aramco – oil & gas
Saudi basic industries – chemicals
Famous for which industry - oil
The economy of Saudi Arabia is dominated by petroleum
and its associated industries. In terms of oil reserves,
Saudi Arabia ranks first internationally, with about one-fifth
of the world's known reserves.
5. Ideology- Totalitarian absolute monarchy with
Islamic line ''Qur’an is constitution
of the country''
Type of government- Authoritarian
Allegiance Council is
responsible to determine the new Prnce and
new Crown Prince
6. Legal system of saudi arabia
The primary source of law is islamic
Capital and physical punishment are imposed by saudi courts
Lashings are a common form of punishment
Homosexual right are not recognized
Families of someone unlawfully killed can choose between demanding the
death penalty or blood money.
7. WOMEN rights in Saudi Arabia
They cant go anywhere without a
male
Earlier they were not allowed to
drive
Probhited from using public transport
Women must be covered entirely
Women education is poor
Male guest and women guest are
isolated
Entrance and sitting area
No gender equality
8.
9. BIBLIOGRAPHY
Wikipedia
Bloomberg
Aramco official site
Businessinsider.com
Investopedia
Youtube
Wikipedia
Bloomberg
Aramco official site
Businessinsider.com
Investopedia
Youtube