WORLD TRADE CENTER JEDDAH
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 also holds the license for Jeddah, which is a coastal city of the Red Sea and is the major urban center of western Saudi Arabia. It is the largest city in Makkah Province, the largest sea port on the Red Sea and the second largest city in Saudi Arabia after the capital city, Riyadh. Jeddah is the principal gateway to Mecca, Islam's holiest city and is one of the most cosmopolitan, diverse and tolerant of all Saudi Arabian cities. Economically, Jeddah is focusing on further developing capital investment in scientific and engineering leadership within Saudi Arabia and the Middle East.