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An Overview of Saudi Arabia: Population, Manpower, and Key Companies

Saudi Arabia, officially known as the Kingdom of Saudi Arabia, is a country located in the Middle East on the Arabian Peninsula. It is the largest country in the Middle East and the fifth-largest in Asia. The nation is renowned for its vast deserts, rich cultural heritage, and significant role in the global energy market due to its substantial oil reserves.

Population:

As of 2022, Saudi Arabia’s population is approximately 35 million people. The country has experienced rapid urbanization, with major cities like Riyadh, Jeddah, and Dammam serving as economic and cultural hubs. The labor force is diverse, comprising both Saudi nationals and a significant number of expatriate workers.

Manpower:

Saudi Arabia’s labor market is characterized by a substantial expatriate workforce, which has been a key component in the development of various sectors, including construction, healthcare, and information technology. The government has implemented the Saudization program, aiming to increase the employment of Saudi nationals in the private sector. This initiative has led to a notable rise in the number of Saudi nationals entering the labor market, with over 167,000 Saudis joining the private sector workforce within a year as of November 2023.

Companies:

Saudi Arabia is home to numerous companies that play pivotal roles in both the domestic and international markets. Here are some of the most prominent:

Saudi Aramco
The world’s largest integrated energy and chemicals company, Saudi Aramco is a state-owned enterprise that dominates the global oil industry. It has been instrumental in shaping the country’s economy and continues to be a significant player in the energy sector.

Saudi Binladin Group
A leading construction conglomerate, the Saudi Binladin Group has been involved in numerous large-scale infrastructure projects within the Kingdom, including the expansion of the Holy Mosques in Mecca and Medina.

Almarai
As the largest dairy company in the Middle East, Almarai offers a wide range of dairy products and has expanded its operations to include juices and baked goods.

Saudi Telecom Company (STC)
The leading telecommunications provider in Saudi Arabia, STC offers a variety of services, including mobile, internet, and landline communications.

SABIC
The Saudi Basic Industries Corporation is a global leader in diversified chemicals, producing a wide range of products used in various industries worldwide.

These companies, among others, are integral to Saudi Arabia’s economic landscape, contributing significantly to its GDP and employment opportunities.

In recent years, Saudi Arabia has been actively working to diversify its economy through initiatives like Vision 2030, which aims to reduce the country’s dependence on oil revenues and promote sectors such as tourism, entertainment, and technology. This strategic shift has led to the emergence of new companies and the expansion of existing ones into various non-oil industries.

Overall, Saudi Arabia’s population, labor market, and corporate landscape are evolving rapidly, reflecting the nation’s efforts to modernize and diversify its economy while maintaining its cultural heritage.