The Economic Development Of Saudi Arabia Essay
Saudi Arabia is a very wealthy country, well known for its abundant oil rich reserves. There, I had never seen a homeless person, and if I did hear about someone being forced out their home, it was most often a situation that could be resolved by a settlement between the owner of the home and its buyer or tenant, but it was never on a great scale such as the United State’s economy crash in 2008.
The Saudi government has spent billions of its finances to help the poor, and it continues to dramatically reduce poverty through economic development. The royal family is also famous for extensive charitable giving. The government of Saudi Arabia has also made it exceptionally easy for their people to find jobs in that:
Investors will acknowledge that they are committed to recruit, employ, train and keep Saudi nationals as an integral part of their workforce and staff.
Saudi employees are also to achieve a target Saudization percentage of 15% in the first year of operation, and to increase that percentage by 5% annually.
At the end of each fiscal quarter, investors in…