10 Questions
What is Saudi Arabia trying to reduce its dependence on?
oil
What percentage of global oil reserves does Saudi Arabia currently have?
16%
What percentage of global oil supply does Saudi Arabia export?
13%
What is the main reason for Saudi Arabia's desire to diversify its economy?
Impact of decreasing oil value
What percentage of Saudi Arabia's GDP does the petroleum industry account for?
42%
What is the name of the initiative introduced by the crown prince to transform the country's income generation and spending?
Vision 2030
What are the three sectors the crown prince wants to focus on as part of Vision 2030?
mining, energy, transport industry
What has impacted the economy of Saudi Arabia in recent years?
Decreasing oil value
What percentage of export earnings does Saudi Arabia derive from the petroleum industry?
90%
What is the primary reason for Saudi Arabia's heavy reliance on oil?
Profit and GDP contribution
Test your knowledge on Saudi Arabia's plans to reduce its reliance on oil by investing in railways, airports, and industry. Learn about the reasons behind this shift and the impact of oil price fluctuations on the country's economy.
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