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Saudi
Arabia
Searching for car hire is never much fun. That is why
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car hire for Saudi Arabia as easier as possible. There
are a number of car rental suppliers around the Saudi
Arabia area and we search the best ones for convenience,
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We search companies including Advantage, Alamo, Enterprise,
Dollar, Sixt, Eurocar, Budget, Thrifty, National and
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you arrive in Saudi Arabia. Choose Car Rental options
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Saudi
Arabia is the birthplace of Islam and home to Islam's
two holiest shrines in Mecca and Medina. The king's official
title is the Custodian of the Two Holy Mosques. The modern
Saudi state was founded in 1932 by ABD AL-AZIZ bin Abd
al-Rahman AL SAUD (Ibn Saud) after a 30-year campaign
to unify most of the Arabian Peninsula. A male descendent
of Ibn Saud, his son ABDALLAH bin Abd al-Aziz, rules the
country today as required by the country's 1992 Basic
Law. Following Iraq's invasion of Kuwait in 1990, Saudi
Arabia accepted the Kuwaiti royal family and 400,000 refugees
while allowing Western and Arab troops to deploy on its
soil for the liberation of Kuwait the following year.
The continuing presence of foreign troops on Saudi soil
after the liberation of Kuwait became a source of tension
between the royal family and the public until all operational
US troops left the country in 2003. Major terrorist attacks
in May and November 2003 spurred a strong on-going campaign
against domestic terrorism and extremism. King ABDALLAH
has continued the cautious reform program begun when he
was crown prince. To promote increased political participation,
the government held elections nationwide from February
through April 2005 for half the members of 179 municipal
councils. In December 2005, King ABDALLAH completed the
process by appointing the remaining members of the advisory
municipal councils. The king instituted an Inter-Faith
Dialogue initiative in 2008 to encourage religious tolerance
on a global level; in February 2009, he reshuffled the
cabinet, which led to more moderates holding ministerial
and judicial positions, and appointed the first female
to the cabinet. The country remains a leading producer
of oil and natural gas and holds more than 20% of the
world's proven oil reserves. The government continues
to pursue economic reform and diversification, particularly
since Saudi Arabia's accession to the WTO in December
2005, and promotes foreign investment in the kingdom.
A burgeoning population, aquifer depletion, and an economy
largely dependent on petroleum output and prices are all
ongoing governmental concerns.
Saudi Arabia has an oil-based economy with strong government
controls over major economic activities. It possesses
more than 20% 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 80% of budget revenues, 45% of GDP, and 90%
of export earnings. About 40% of GDP comes from the private
sector. Roughly 6.4 million foreign workers play an important
role in the Saudi economy, particularly in the oil and
service sectors. High oil prices through mid-2008 have
boosted growth, government revenues, and Saudi ownership
of foreign assets, while enabling Riyadh to pay down domestic
debt. The government is encouraging private sector growth
- especially in power generation, telecommunications,
natural gas exploration, and petrochemicals - to lessen
the kingdom's dependence on oil exports and to increase
employment opportunities for the swelling Saudi population,
nearly 40% of which are youths under 15 years old. Unemployment
is high, and the large youth population generally lacks
the education and technical skills the private sector
needs. Riyadh has substantially boosted spending on job
training and education, infrastructure development, and
government salaries. As part of its effort to attract
foreign investment and diversify the economy, Saudi Arabia
acceded to the WTO in December 2005 after many years of
negotiations. The government has announced plans to establish
six "economic cities" in different regions of
the country to promote development and diversification.
The last five years of high oil prices have given the
Kingdom ample financial reserves to manage the impact
of the global financial crisis, but tight international
credit, falling oil prices, and the global economic slowdown
will reduce Saudi economic growth in 2009.
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