WORLD TRADE CENTER AL KHOBAR
Location: Saudi Arabia
One of the most devout and confined countries in the Middle East, Saudi Arabia has emerged from being an underdeveloped desert kingdom to become one of the wealthiest nations in the region thanks to its vast oil resources. Named after the ruling Al Saud family, which came to power after the overthrow of the Ottoman Empire after World War 1, the country includes the Hijaz region - the birthplace of the Prophet Muhammad and the cradle of Islam. The kingdom is sometimes called "The Land of the Two Holy Mosques" in reference to Al-Masjid al-Haram in Mecca and Al-Masjid al-Nabawi in Medina, the two holiest places in Islam.
Official name: Kingdom of Saudi Arabia
Saudi Arabia sits on more than 25% of the world's known oil reserves. It is capable of producing more than 10 million barrels per day and that figure is set to rise. The petroleum sector accounts for roughly 80% of budget revenues, 45% of GDP, and 90% of export earnings
GDP: $637.8 billion (2015 est.)
GDP by Sector: Agriculture: 2.4%, industry: 42.9%, services: 54.7% (2016 est.)
Exports: $205.3 billion (2016 est.)
Main Exports: Petroleum and petroleum products 90%
Imports: $157.7 billion (2016 est.)
Main Imports: Machinery and equipment, foodstuffs, chemicals, motor vehicles, textiles.
World Trade Centers Holdings Cyprus holds the license for Al-Khobar, which is a large city located in the Eastern Province of the Kingdom of Saudi Arabia on the coast of the Persian Gulf. Al-Khobar was a small port on the Gulf, a fishing village inhabited mainly by Al Dawasir tribe members. It was transformed with the discovery of oil in the 1930s into a major commercial and shopping center and an industrial port. Al-Khobar has transformed and extended its water front along the Gulf into a scenic Beirut-like corniche with parks, eateries and family beaches, making it one of the most iconic features of the city.