Question

How the discovery of petroleum has completely changed the lifestyle of people in Saudi Arabia?

Answer 1

Answer:

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Petroleum in Saudi Arabia has increased their business in it and wealth and economy of all the people living there. Discovery of petroleum in Saudi Arabia increased the wealth and economy of the people of there.

Answer 2

Answer:

Saudi Arabia officially the Kingdom of Saudi Arabia is a country in western Asia. Petroleum was discovered on 3 March 1938. Saudi Arabia has since become the world’s second largest oil producer and the world’s largest oil exporter. Discovery of Petroleum in Saudi Arabia increased the wealth and economy of the people in Saudi Arabia. Saudi Arabia’s economy is petroleum based; roughly 63% of budget revenues and 67% of export earnings come from the oil industry.

The discovery of oil brought about a transformation in the financial and economic situation of the kingdom. Income from oil revenues has funded the expansion of transportation and communication facilities and the development of water resources. The government has built schools and made free education at all levels and free medical aid available to the people. The impact of Western technology, especially through the endeavors of ARAMCO, propelled Saudi Arabia rapidly along the road to modern development. The kingdom has changed from a predominantly pastoral and tribal way of life to one depending on oil revenues, industry, and advanced agricultural techniques.