Saudi Arabia (i/ˌsɔːdiːəˈreɪbiə/, i/ˌsaʊ-/), officially known as the Kingdom of Saudi Arabia (KSA), is an Arab state in Western Asia constituting the bulk of the Arabian Peninsula. With a land area of approximately 2,150,000km2 (830,000sqmi), Saudi Arabia is geographically the second-largest state in the Arab world after Algeria. Saudi Arabia is bordered by Jordan and Iraq to the north, Kuwait to the northeast, Qatar, Bahrain, and the United Arab Emirates to the east, Oman to the southeast, and Yemen to the south. It is the only nation with both a Red Sea coast and a Persian Gulf coast, and most of its terrain consists of arid inhospitable desert or barren landforms.
The area of modern-day Saudi Arabia formerly consisted of four distinct regions: Hejaz, Najd, and parts of Eastern Arabia (Al-Ahsa) and Southern Arabia ('Asir). The Kingdom of Saudi Arabia was founded in 1932 by Ibn Saud. He united the four regions into a single state through a series of conquests beginning in 1902 with the capture of Riyadh, the ancestral home of his family, the House of Saud. The country has since been an absolute monarchy, effectively a hereditary dictatorship governed along Islamic lines. The ultra-conservative Wahhabism religious movement within Sunni Islam has been called "the predominant feature of Saudi culture", with its global spreading largely financed by the oil and gas trade. Saudi Arabia is sometimes called "the Land of the Two Holy Mosques" in reference to Al-Masjid al-Haram (in Mecca), and Al-Masjid an-Nabawi (in Medina), the two holiest places in Islam. The Kingdom has a total population of 28.7 million, of which 20 million are Saudi nationals and 8 million are foreigners.
The company used the capital to boost its presence in SaudiArabia and expand into newer markets such as the UAE, Kuwait, Oman, Bahrain, Qatar and Egypt, co-founder and chief executive Sultan Al Asmi told The National... Saudi Arabia unveiled 142 stimulus initiatives worth more than 214bn riyals after the pandemic began last year ... Riyadh, Saudi Arabia.
...Riyadh, and Bashar Al-Besher, administration director of LuLu Hypermarkets, SaudiArabia, in the presence of Shehim Mohammed, director of LuLu Hypermarkets, Saudi Arabia, LuLu officials, and other guests ... AbdullaHamdan, marketing manager of LuLu Hypermarkets Saudi Arabia, said.
Talal Bahafi is chief market officer at Marsh SaudiArabia, which is part of the global financial services group Marsh & McLennan ... S&P GlobalRatings, in its latest report on the GCC insurance sector, said it expected to see growth in Saudi Arabia due to regulatory initiatives.
Dar Al Arkan, a leading real estate company in SaudiArabia, has announced a unique collaboration that will bring the world’s first ever villas with interiors by Versace Home to the kingdom’s ShamsAr Riyadh project. ... "At Dar Al Arkan, our ambition is to elevate the real estate market in Saudi Arabia.