Saudi Arabia's Economic Diversification Quiz
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Questions and Answers

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?

<p>Impact of decreasing oil value</p> Signup and view all the answers

What percentage of Saudi Arabia's GDP does the petroleum industry account for?

<p>42%</p> Signup and view all the answers

What is the name of the initiative introduced by the crown prince to transform the country's income generation and spending?

<p>Vision 2030</p> Signup and view all the answers

What are the three sectors the crown prince wants to focus on as part of Vision 2030?

<p>mining, energy, transport industry</p> Signup and view all the answers

What has impacted the economy of Saudi Arabia in recent years?

<p>Decreasing oil value</p> Signup and view all the answers

What percentage of export earnings does Saudi Arabia derive from the petroleum industry?

<p>90%</p> Signup and view all the answers

What is the primary reason for Saudi Arabia's heavy reliance on oil?

<p>Profit and GDP contribution</p> Signup and view all the answers

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