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Legal Position in Kingdom of Saudi Arabia

 

1. KSA: Country Profile

The present Kingdom of Saudi Arabia was originally several provinces which were also under Ottoman rule rule until the end of W.W.I. Attempts by the first king Abdulaziz Al Saud to establish the Kingdom started as early as 1902, which with successes and setbacks were continued for many years until in 1932 when the Kingdom in its present boundaries was established. The Kingdom of Saudi Arabia is a member of the GCC.

Geographically, it is one of the largest Arab countries with a land area of over 2.1 million square kilometres extending from the Red Sea to the Gulf  and a population of nearly 20 million. In 1937 oil was discovered. Since then Saudi Arabia has become the largest oil and gas producer in the Area with the largest proven reserves. In 1988 Saudi production was over 8.3 million bpd with revenues of $ 37.3 billion. Saudi Arabia was one of the founder members of OPEC. This substantial wealth was, over the years, used to finance substantial development programmes. The Saudi currency, the Riyal, is also linked to the US$ at the exchange rate of Riyals 3.7 to $1.

Although Saudi Arabia has a free market economy with a predominant  private sector, the main public utilities and services are owned by the government. A privatisation programme is being seriously considered. 

Iraqi flag of Saudi Arabia
 
Map of Kingdom of Saudi Arabia
 
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  Saudi Arabian Law

 

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