WORLD TRADE CENTER RIYADH
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: $560.3 billion (2011 est.)
GDP by Sector: Agriculture: 2%, industry: 69.1%, services: 28.9% (2011 est.)
Exports: $350.7 billion (2011 est.)
Main Exports: Petroleum and petroleum products 90%
Imports: $106.5 billion (2011 est.)
Main Imports: Machinery and equipment, foodstuffs, chemicals, motor vehicles, textiles.
World Trade Centers Holdings Cyprus holds the license for Riyadh, which is derived from the Arabic word ‘Rawdah’ meaning a place of gardens and trees. It is the capital city and the largest city of Saudi Arabia and is situated in the center of the Arabian Peninsula on a large plateau. It is also the capital of Riyadh Province and it belongs to the historical regions of Najd and Al-Yamama. Riyadh is one of the richest cities in the Middle East and the 80th richest city in the world. Once a small walled city, Riyadh has developed into a dynamic metropolis over the years.
Telephone: +966 1 279 5111
Mufid Sukkar - Director
Almario T. Villamayor Jr. - Chief Accountant