Major
oil producing country and a member of OPEC and GCC
Large
area - long borders
Scattered
industrial and population centers
Key market
for numerous international companies
Highly
dependent on outside source for electronic systems & products
Public
sector is the primary employer of Saudis
Employment
Issues:
Private sector still utilizing large number of expatriates
Public sector's ability to absorb new graduates in the future is
limited
Saudi
Arabia Demographics
Approximately
17M Saudis (in 2002, as per 1992 census)
60% under
18 years old (~ 10M)
Total
number of students is in excess of 5M
Over
6M expatriates in Saudi Arabia
Annual
population growth rate 3.5%
Saudi
Government Current 5-year Development Plan 2001-2005
Enhancing
defense capabilities
Controlling
government expenditures
Expanding
private sector role
Manpower
development and employment
Continual
expansion of infrastructure to cater to population growth
Increasing
non-oil revenues
Expanding
Science and Technology Base through Technology Transfer
Saudi
Economic Offset Program
The
Economic Offset program is a Saudi Government initiative designed
to achieve the following goals within the framework of foreign investment
for major civil and defense projects.