The Kingdom of Saudi Arabia, the biggest economy of the Middle East and first global exporter of crude and refined petroleum is meanwhile highly dependent on the import of food, medical products, technical parts and semi-finished products. KSA is also the centre of Islamic World, year after year hosting millions of pilgrims in Mecca and Medina. The number of Polish and EU-based companies collaborating with Saudi Arabia increases annually and the country became the second biggest trade partner of Poland in the Middle East.
Saudi Arabia covers 80% of the Arabian Peninsula area, lying on the border of the continents: Asia and Africa, on the junction of the great trade routes between Europe and the South-East. The Kingdom borders with Iraq, Jordan, Kuwait, Oman, UAE and Yemen, spreading on the desert territories between the Arabian Gulf and the Red Sea.
The KSA is a rentier state, with the economy based on selling the petroleum and hydrocarbons. As the biggest petrol exporter in the world, the country keeps 18% of the global reserves – 267,026 MMbbl. According to OPEC data from 2019, the daily export from KSA estimates 10,317 bbl of crude petroleum and 118,000M m3 of natural gas. Other natural resources of the country are the ores of iron and copper, gold, bauxites and phosphates.
The population of Saudi Arabia is 33.4M, and 75% lives in the cities of Riyadh (6M), Jeddah (2.5M) and others. Like in other countries in the region, main working power ensure the migrants from Asia and Africa. The official language is Arabic, but English is in use for business purposes.