Tuesday, May 1, 2012

Analysis of Saudi Arabian Job Market

Analysis of Saudi Arabian Job Market
Kingdom of Saudi Arabia (KSA) is known for its fortune and religious inheritance to all over the world. It is an oil enriched region and the major economic activity is the trading of oil to all over the world. Roughly 75% of budget revenues and 90% of export earnings come from the oil industry. Saudi Arabia officially has about 260 billion barrels (4.1×1010 m3) of oil reserves, comprising about one-fifth of the world's proven total petroleum reserves.
This huge amount of oil reserve and its trading creates opportunities for hundreds and thousands of people to involve in its economic activities. The huge amount of oil reserve has created a positive increment on the Saudi Arabian economy. The economy is similar to most other developed economy and the buying power of its citizens is greater than even some developed countries.

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