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Economy - overview:
This is an oil-based economy with strong government controls over major economic activities. Saudi Arabia possesses 25% of the world's proven petroleum reserves, ranks as the largest exporter of petroleum, and plays a leading role in OPEC. The petroleum sector accounts for roughly 75% of budget revenues, 45% of GDP, and 90% of export earnings. About 40% of GDP comes from the private sector. Roughly 5.5 million foreign workers play an important role in the Saudi economy, particularly, in the oil and service sectors. The government is encouraging private sector growth to lessen the kingdom's dependence on oil and increase employment opportunities for the swelling Saudi population. The government has begun to permit private sector and foreign investor participation in the power generation and telecom sectors. As part of its effort to attract foreign investment and diversify the economy, Saudi Arabia acceded to the WTO in 2005 after many years of negotiations. With high oil revenues enabling the government to post large budget surpluses, Riyadh has been able to substantially boost spending on job training and education, infrastructure development, and government salaries. |
Trade Fairs,
Exhibitions, Conferences: |
Al Harithy Company for Exhibitions Ltd. (ACE)
The boom in the Kingdom's economy in the 1970's made it a very attractive market for a host of countries. They saw the opportunity to bring their products, services and technology to service the Kingdom's requirements. So Al Harithy Company for Exhibitions Ltd was formed. The company was the first specialised exhibitions company in the Kingdom and the first to have it's own purpose built venue. With 50% of the Saudi population in Western Province and Jeddah the Kingdom's undisputed commercial centre, the location was - and remains - perfect.
fashion arabia
fashion arabia is the fashion industry event in 2008, enabling both international and domestic suppliers to showcase their brands and design ranges to a broad spectrum of trade visitors from throughout the Kingdom and neighbouring Gulf States. Whether new to market, launching new lines or simply wishing to promote existing brands then look no further than fashion arabia, where business is chic.
Riyadh Exhibitions Company (REC)
Riyadh Exhibitions Company is the leading organizer in the Middle East and the North African Regions. The Company organizes about a dozen exhibitions annually covering all key economic sectors. It has organized over 330 shows in the last 25 years, and has attracted international participation from over 40 countries, with strong representation from: Western Europe, North America, Australia and the Far East, the Gulf Region, and the greater Middle East.
REC has achieved unmatched international recognition for its activities. No other organizer in the Arab World has achieved as many Union des Foires Internationales (UFI) certifications for their leading shows. REC's key exhibitions are in Agriculture, Building, Education, Communications, Food, Medicine, PPP, Elenex, and Furniture are all UFI certified, recognition reserved for the highest possible standards in organizing and in attracting the right international exhibitors and visitors consistently.
SAITF
Saudi Arabia’s Multi-Sectoral Trade and Franchising Expo for Light Industries & Machinery, Consumer Goods, Giftware, Clothing, Textiles, Leather Goods, Fashion Accessories, Cosmetics and Perfumes
Organizer: Al Harithy Company for Exhibitions Ltd.
Venue: Jeddah International Exhibition & Convention Centre, Jeddah, Saudi Arabia
Saudi Furniture & Interiors
International Trade Exhibition for Furniture and Interiors
Saudi Hometex
International Trade Show for Home Fabrics and Textiles
Saudi Textile & Home Decor
Interior Decoration & Garden Furniture Exhibition |
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