Title: Saudi Arabia: Mining, Minerals and Fuel Resources
Headings: Saudi Arabia: Mining, Minerals and Fuel Resources
Saudi Arabia: Mining, Minerals and Fuel Resources
Overview of Resources
Metals
Fossil Fuels
Investment
Sources
G.P. Thomas
Citations
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Content: After years of power struggles within the Middle East countries, the modern Saudi state was founded in 1932. The terrorist attacks in May and November 2003 made the government launch a strong campaign against domestic terrorism and extremism. The national flag of Saudi Arabia. Image Credit: CIA Factbook. Saudi Arabia’s key natural resources include petroleum, natural gas, gold, copper, and iron ore. The country’s economy is primarily oil-based and is considered as the largest exporter of petroleum in the world. The GDP as of 2011 was $691.5 billion. Nearly six million foreign workers are employed in the petroleum and oil industry of Saudi Arabia. The country currently faces issues such as aquifer depletion, fast growing population, unemployment, and an economy that is over-dependent on petroleum production and prices.