Wednesday, 20 September 2023

Saudi Arabia

The development of modern Saudi Arabia as a nation-state began in the early 20th century, specifically in the early 1930s. The founder of modern Saudi Arabia, Abdulaziz Ibn Saud, consolidated his control over the various tribal regions of the Arabian Peninsula and officially established the Kingdom of Saudi Arabia in 1932. Prior to this, the Arabian Peninsula consisted of various tribal territories and regions.

The discovery of oil in commercial quantities in the 1930s significantly contributed to the country's development. The Saudi government began working with international oil companies, such as Aramco (Arabian American Oil Company), to extract and export oil. Revenue from oil exports played a crucial role in funding infrastructure development, education, and modernization efforts in Saudi Arabia.

Over the decades, Saudi Arabia has undertaken ambitious development projects, transforming its economy and infrastructure. This process has included the construction of modern cities, the expansion of transportation networks, and investments in education and healthcare. Saudi Arabia continues to evolve and develop in various sectors, driven by its Vision 2030 plan, which aims to diversify its economy and reduce its dependence on oil

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