Title: Arabia - Economy | Britannica
Headings: Economy of Arabia
Economy of Arabia
Content: Some gas is liquefied for local consumption or for export, and some is reinjected into the oil-bearing strata for storage and to help maintain pressure for oil production. The Arabian countries are attempting economic diversification, though the abundance of oil is a disincentive. Ancient mining sites bear witness to once-flourishing production of minerals: gold at the old mine of Mahd al-Dhahab in the Hejaz; silver at a mine in the mountains west of Maʾrib; and very large copper production in Oman (until deforestation exhausted the supplies of wood for on-site smelting). Deposits of iron have been found in the northern Hejaz and Najd. Other resources, some of which are being exploited, are barite, gypsum, salt, lime for cement, clay for bricks and pottery, shale, quartz sand for glass, marble, and building stone. For many centuries the oyster beds of the Persian Gulf produced some of the world’s finest pearls, and pearling was once a thriving and profitable occupation. Bahrain was the chief centre, and the Trucial States (now the United Arab Emirates), Qatar, and Saudi Arabia also participated.