Saudi Arabia is an oil-rich country in the Middle East. Much of the country is covered by desert, meaning that the nation's food production is very low. Much of its food must be imported from other countries. Does this mean that Saudi Arabia has a very small endowment of natural resources?

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Social Studies

Norman

19 September, 00:17

Saudi Arabia is an oil-rich country in the Middle East. Much of the country is covered by desert, meaning that the nation's food production is very low. Much of its food must be imported from other countries. Does this mean that Saudi Arabia has a very small endowment of natural resources?

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Major · Answer 1

No, the Kingdom of Saudi Arabia is one which is richly blessed with abundant oil reserves, with its wealth gotten from these reserves the Kingdom has been able to transform itself into a modern world player in key issues affecting us today. It is the world's second largest producer of crude oil.

The Saudi Aramco which is the nations official oil company is the most valued company in the world as of today with its net worth kept at $1.7 trillion.

The Kingdom has been able to cope with its vast amount of sand deposits and improved on its agriculture which has made them completely self sufficient in foodstuffs like eggs, meat and milk.