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As of October 2018, Saudi Arabia is the largest economy in the Middle East and the 18th largest in the world. Saudi Arabia has the world's secondlargest proven petroleum reserves and the country is the largest exporter of petroleum. It also has the fifthlargest proven natural gas reserves.
Saudi government is making efforts to identify and protect all mining areas, and provide the required infrastructure for investment. Beside promoting and supporting minerals and mining activities, Saudi government is fully aware of its duties to preserve, protect and tackle environmental issues in mining .
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Saudi Arabia is a sovereign Arab state in Western Asia constituting the bulk of the Arabian country's command economy is petroleumbased but slowly diversifying; in 2017 58% of budget revenues and 85% of export earnings came from the oil industry. The country plans to reduce oilbased revenues to 42% by 2023. A considerable proportion of Saudi companies are owned by families ...
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