Question

give a brief account on the industries of Saudi Arabia ​

Answer 1

Answer:

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Explanation:

Saudi Arabia has the second most valuable natural resources in the world.[14] The country has the second-largest proven petroleum reserves,[15] and is the largest exporter of petroleum in the world.[16] It also has the fifth-largest proven natural gas reserves[17] and is considered an "Energy Superpower".

The economy of Saudi Arabia is heavily dependent on oil,[18] and is a member of OPEC. In 2016 the Saudi Government launched its Saudi Vision 2030 to reduce the country's dependency on oil and diversify its economic resources. In the first quarter of 2019, Saudi Arabia's budget has accomplished its first surplus since 2014. This surplus that is accounted for $10.40 billion has been achieved due to the increase of the oil and non-oil revenues.

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