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Saudi Arabia: Middle East
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Official visits between Canada and Saudi Arabia have been few and far between. In 2000, Prime Minister Jean Chrétien met with Crown Prince Abdullah in Jeddah as part of a Middle East tour. It was the first such visit by a Canadian prime minister in more than 20 years.
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"Saudi Arabian Airlines is one of the leading companies in the Middle East that is choosing SAP to transform its business network and evolve its business model," said Sergio Maccotta, managing director, SAP Middle East and North Africa. "This agreement underlines our success and potential in helping companies in the region continually evolve and better compete locally and on the global market, demonstrating the business value of our global reach and deep understanding of industry and local market demands."
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Recently, with higher oil prices... Saudi Arabia's oil revenues have increased dramatically. Saudi Arabia's budget surplus has crossed $28 billion (SR110 billion) in 2005. The Tadawul (The Saudi stock market Index) (TASI) finished 2004 with a massive 76.23 % to close at 4437.58 points. Market capitalization was up 110.14 % from a year earlier to stand at $157.3 billion (SR589.93 billion), which makes it the biggest stock market in the Middle East.
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Saudi Arabia witnessed a number of important developments in 2006. King Abdullah's strategic visit to China, India, Malaysia, and Pakistan at the beginning of the year signaled a possible shift in Saudi economic outlook, especially in the shifting of oil and gas interests from the U.S. and Europe to East Asia.
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Saudi Arabia can be found in the Middle East and is perhaps most famous for the city of Mecca. This city is considered to be the birthplace of the Islamic religion and draws thousands of visitors every year who arrive on holy pilgrimages. To the average western visitor, Saudi Arabia is a highly religious and conservative country with limited tourist attractions.
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Saudi Arabia can be divided into four natural regions. These are the mountainous western highlands; the rocky central plateau; the more fertile, eastern low-lying coastal plain; and the sandy desert areas of the north, east, and south.
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