Saudi Arabia Economy

Saudi Arabia is leaning towards this type of economy.

(a)  

Who controls the oil industry?

(a)  

Oil profits are used to purchase this.

(a)  

Saudi Arabia wants to​ (a)   their economy. Meaning they want to produce ​ (b)   goods.

• diversify
• many
• shrink
• less

Saudi Arabia wants to diversify their economy so they do not have to heavily rely on oil.

• True

• False

Saudi Arabian Economy

Groups:

(a) exports

,

(b) imports

• food

• machinery

• equipment

• vehicles

• oil

• textiles

• chemicals

What does OPEC stand for?

Saudi Arabia is a leading member of OPEC because of its large deposits of this.

(a)  

How will investing in human capital help unemployment in Saudi Arabia? Why?

How does Saudi Arabia invest in these?

Groups:

(a) Natural Resources

,

(b) Human Capital

,

(c) Capital Goods

,

(d) Entrepreneurship

• Promoting entrepreneurship

• Heavily

• Hire a well trained and educated workforce

• Spent billions on irrigation and desalination