Riyadh Economy and Politics

Riyadh has urbanized into a lively city over the years. Riyadh Economy and Politics thrust came throughout the oil boom of the 1950s; when older structures were knocked down to pave way for commercial development. Today, Riyadh Economy and Politics is one of the fastest growing and most flourishing in the world. Saudi Arabia is gifted with plentiful hydrocarbon reserves that supply the basis for major investments in energy related industries. The Kingdom has the biggest oil reserves in the world, representing 26% of the world proven oil reserves and the fourth largest gas reserves.

The economy and politics of Riyadh depends on natural gas has not been an export good for Saudi Arabia. As an alternative, gas is aimed at the domestic market, acting as the spur behind the fast expansion of the gas value-chain industries in Saudi Arabia. Additionally to being the nucleus of power, the city is also a business hub. Many learning, financial, farming, cultural, scientific, and public associations have set up base here. The most conspicuous characteristic of Riyadh is its architecture, which is a vivacious combination of the old and the new , modern high-rises tower over buildings radiating old world charm. Common indicators suggest that Saudi Arabia's ambition to transform itself into a regional ICT power is realistic. Saudi Arabia represents 50% of the Middle East & North African (MENA) region's ICT market today. Riyadh Economy and politics depends a lot on Riyadh currency.

There are no established political parties or national elections, except the local elections, which were held in the year 2005. The king's powers are theoretically limited within the bounds of Shari'a and other Saudi traditions. He also must retain an agreement of the Saudi royal family, religious persons and other prominent factors in Saudi society. The Saudi government spreads Islam by funding construction of mosques and Qur'an schools around the world. The leading members of the royal family choose the king from among themselves with the following approval of the religious leaders.