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This list is based on the Forbes Global 2000, which ranks the world's 2,000 largest publicly traded companies.The Forbes list takes into account a multitude of factors, including the revenue, net profit, total assets and market value of each company; each factor is given a weighted rank in terms of importance when considering the overall ranking.
Foreign workers in Saudi Arabia (Arabic: العَمالَة الأَجْنَبِيَّة فِي السَعُودِيَّة, romanized: al-ʿamālah al-ʾāǧnabīyah fī as-Saʿūdīyah), estimated to number about 9 million as of April 2013, [1] [failed verification] began migrating to the country soon after oil was discovered in the late 1930s.
SABIC. $35,421. 35,000. The Saudi Basic Industries Corporation is a diversified chemicals, industrial polymers, fertilizers, and metals company. Majority state-owned and headquartered in Riyadh, subsidiaries include Hadeed (steel), SAFCO (fertilizers), and the Yanbu National Petrochemical Company.
While many Saudi native men found employment with the government, there were not enough government jobs as over 65% of the population is of working age. [8] ' Saudization' of the workforce has been a goal of the kingdom since at least the Fourth Development Plan (1985–1989) which called for replacing foreign workers with Saudi natives as one of its objectives.
The new conditions also include stipulations that will allow migrant workers to transfer to other jobs upon the expiry of their work contract without the need for their former employer's approval. The kafala system in Saudi Arabia previously tied workers to their employers, or sponsors, who are responsible for the employees’ visa and legal ...
The economy of Saudi Arabia is the second-largest in the Middle East and the seventeenth-largest in the world. [6] The Saudi economy is highly reliant on its petroleum sector. Oil accounts on average in recent years for approximately 40% of Saudi GDP and 75% of fiscal revenue, with substantial fluctuations depending on oil prices each year.
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