About Saudi Arabia

The Kingdom of Saudi Arabia is a stable economy which lies strategically on the trading routes of Europe, Asia and the Far East. With a history of political stability coupled with favourable international trade agreements and special economic zones, the Kingdom has ensured strong growth in economic output and exports.

Traditionally an oil-based economy producing approximately 10 million barrels per day, there is a sustained effort from the Government to reduce reliance on hydrocarbons revenue through Saudi Vision 2030, a range of initiatives to diversify the economy, including major infrastructure investment and efforts to develop local small and medium-sized enterprises are key focus areas.

Saudi Vision 2030, the country's long-term development plan, emphasizes the expansion of industry, greater private-sector participation in the economy, and the further boosting of Saudi employment rates across all sectors.

With a population of over 36 million, Saudi Arabia is a high-income country that has seen strong growth in economic output and exports in recent years. An extensive network of modern highways and infrastructure crisscrosses across the country, forming a robust infrastructure network. Saudi Arabia has major industrial ports in Jeddah, Dammam, and Jubail, which are strategically located forming key trading hubs and investment zones.

Given Numa Rivera's geographical focus on the Kingdom of Saudi Arabia, the country's economic climate and development plans underscore the opportunities that Numa Rivera tends to target.

Planned privatization programs, aimed at divesting government stakes in state-owned companies, may result in increased business opportunities for the private sector in numerous segments including real estate, education and training, health care and public transportation.

Non-oil sectors include construction, real estate, electricity and water, tourism, and manufacturing industries.