A key player in OPEC Saudi Arabia possesses roughly 16% of the world's proven oil reserves and ranks as the largest exporter of petroleum accounting for roughly 87% of budget revenues, 42% of GDP and 90% of export earnings.
In order to diversify its economy and to employ more Saudi nationals the King has launched Vision 2030 to encourage the growth of the private sector. The government are particularly focused on employing its large youth population within the private sector.
As the government wishes to become less dependent on oil revenue, it has also looked at privatization and diversification of the economy more closely and has approached investors about expanding the role of the private sector in the healthcare, education and tourism industries.
PRC are proud to embrace the King’s 2030 Vision and will work closely with the government to address the needs of the people of the Kingdom of Saudi Arabia.