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Old October 1st, 2015, 02:16 AM   #12641
godgame
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Originally Posted by fayzoon View Post
The entire economy based on oil ?

please, don't talk again about something you don't know anything about it. It doesn't make you look good. Just a word of advice
it is guy.

Employment[edit]
Further information: Saudization
Further information: Foreign workers in Saudi Arabia
As of 2008, roughly two thirds of workers employed in Saudi Arabia were foreigners, and in the private sector approximately 90%.[38] In January 2014, the Saudi government claimed it had lowered the 90% rate, doubling the number of Saudi citizens working in the private sector employment to 1.5 million. (This compares to 10 million foreign expatriates working in the kingdom.)[39]

According to Reuters, economists "estimate only 30-40 percent of working-age Saudis hold jobs or actively seek work," although the official employment rate is only around 12 percent. Most Saudis with jobs are employed by the government, but the International Monetary Fund has warned the government cannot support such a large wage bill in the long term.[39] [40] The government has announced a succession of plans since 2000 to deal with the imbalance by `Saudizing` the economy, However, the foreign workforce and unemployment among Saudis has continued to grow.[41]

One obstacle is social resistance to certain types of employment. Jobs in service and sales are considered totally unacceptable for citizens of Saudi Arabia—both potential employees and customers.[42]

Non-Petroleum sector[edit]
Saudi Arabia has natural resources other than oil, including small mineral deposits of gold, silver, iron copper, zinc, manganese, tungsten, lead, sulphur, phosphate, soapstone and feldspar.[31] The country has a small agricultural sector, primarily in the southwest where annual rainfall averages 400 mm (16"). The country is one of the world's largest producers of dates. For some years it grew very expensive wheat using desalinated water for irrigation,[31] but plans to stop by 2016.[43] As of 2009, livestock population amounted to 7.4 million sheep, 4.2 million goats, half a million camels and a quarter of a million cattle.

Although jobs created by the roughly two million annual hajj pilgrims do not last long, the hajj employs more people than the oil industry - 40,000 temporary jobs (butchers, barbers, coach drivers, etc.) -- and US$2–3 billion in revenue.[44]

Private sector[edit]
Saudi Arabia's private sector is dominated by a handful of big businesses in the service sector, primarily in construction and real estate—Bin Laden, Olayan, Zamil, Mahfouz, and Al Rajhi. These firms are "heavily dependent on government spending", which is dependent on oil revenues.[45]

From 2003-2013, "several key services" were privatized—municipal water supply, electricity, telecommunications—and parts of education and health care, traffic control and car accident reporting were also privatized. According to Arab News columnist Abdel Aziz Aluwaisheg, "in almost every one of these areas, consumers have raised serious concerns about the performance of these privatized entities."[46]
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Old October 1st, 2015, 02:31 AM   #12642
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Quote:
Originally Posted by godgame View Post
it is guy.

Employment[edit]
Further information: Saudization
Further information: Foreign workers in Saudi Arabia
As of 2008, roughly two thirds of workers employed in Saudi Arabia were foreigners, and in the private sector approximately 90%.[38] In January 2014, the Saudi government claimed it had lowered the 90% rate, doubling the number of Saudi citizens working in the private sector employment to 1.5 million. (This compares to 10 million foreign expatriates working in the kingdom.)[39]

According to Reuters, economists "estimate only 30-40 percent of working-age Saudis hold jobs or actively seek work," although the official employment rate is only around 12 percent. Most Saudis with jobs are employed by the government, but the International Monetary Fund has warned the government cannot support such a large wage bill in the long term.[39] [40] The government has announced a succession of plans since 2000 to deal with the imbalance by `Saudizing` the economy, However, the foreign workforce and unemployment among Saudis has continued to grow.[41]

One obstacle is social resistance to certain types of employment. Jobs in service and sales are considered totally unacceptable for citizens of Saudi Arabia—both potential employees and customers.[42]

Non-Petroleum sector[edit]
Saudi Arabia has natural resources other than oil, including small mineral deposits of gold, silver, iron copper, zinc, manganese, tungsten, lead, sulphur, phosphate, soapstone and feldspar.[31] The country has a small agricultural sector, primarily in the southwest where annual rainfall averages 400 mm (16"). The country is one of the world's largest producers of dates. For some years it grew very expensive wheat using desalinated water for irrigation,[31] but plans to stop by 2016.[43] As of 2009, livestock population amounted to 7.4 million sheep, 4.2 million goats, half a million camels and a quarter of a million cattle.

Although jobs created by the roughly two million annual hajj pilgrims do not last long, the hajj employs more people than the oil industry - 40,000 temporary jobs (butchers, barbers, coach drivers, etc.) -- and US$2–3 billion in revenue.[44]

Private sector[edit]
Saudi Arabia's private sector is dominated by a handful of big businesses in the service sector, primarily in construction and real estate—Bin Laden, Olayan, Zamil, Mahfouz, and Al Rajhi. These firms are "heavily dependent on government spending", which is dependent on oil revenues.[45]

From 2003-2013, "several key services" were privatized—municipal water supply, electricity, telecommunications—and parts of education and health care, traffic control and car accident reporting were also privatized. According to Arab News columnist Abdel Aziz Aluwaisheg, "in almost every one of these areas, consumers have raised serious concerns about the performance of these privatized entities."[46]
"Out of a total workforce of 7.12 million people, 127,000 are employed in the oil and mining industry."

So if you are comparing or using employment statistics for this country, it is less that 1.8% of the working population employed in the oil industry.

Any way, back to this tower!



Read more: http://www.nationsencyclopedia.com/e...#ixzz3nGdx4W2F
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Old October 1st, 2015, 02:39 AM   #12643
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Quote:
Originally Posted by Sandblast View Post
"Out of a total workforce of 7.12 million people, 127,000 are employed in the oil and mining industry."

So if you are comparing or using employment statistics for this country, it is less that 1.8% of the working population employed in the oil industry.

Any way, back to this tower!



Read more: http://www.nationsencyclopedia.com/e...#ixzz3nGdx4W2F
i said NOTHING about employment stats. i am talking about where the money comes from.
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Old October 1st, 2015, 02:44 AM   #12644
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Quote:
Originally Posted by godgame View Post
the entire saudi economy is based on oil.
edit: oh jeeze you are a gun nut tool. you repubs love the saudis huh?



Man, you really are clueless Is it hard to convince yourself, that the Gibberish you type, is real? Because nobody around here is buying it.

Yes, I own my own company, so if calling me names, makes you feel better, then so be it. You damn sure don't pay my bills, so why would I care about your personal attacks. And where did you get the assumption I was a "repub"(I'm guessing you meant Republican, but couldn't figure out how to spell it)? Honestly, it's none of your business, but once again, you are wrong, and completely clueless. Now move along, sport
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Old October 1st, 2015, 02:45 AM   #12645
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Quote:
Originally Posted by godgame View Post
i said NOTHING about employment stats. i am talking about where the money comes from.
35% of Saudi GDP comes from the Oil & Mining sector ..... which implies that 65% of GDP doesn't ..... does it not??????


Back to this tower before the moderator gives us a slap!!! (ooops!!!! Sorry .... no drinking please!! )
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Old October 1st, 2015, 04:12 AM   #12646
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how is the modrater
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Old October 1st, 2015, 04:48 AM   #12647
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Quote:
Originally Posted by Sandblast View Post
35% of Saudi GDP comes from the Oil & Mining sector ..... which implies that 65% of GDP doesn't ..... does it not??????


Back to this tower before the moderator gives us a slap!!! (ooops!!!! Sorry .... no drinking please!! )
35% directly comes from mining and oil. the majority of the rest comes from supporting that industry, and in servicing the wealth it brings.

im done.
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Old October 1st, 2015, 08:01 AM   #12648
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Quote:
Originally Posted by godgame View Post
the entire saudi economy is based on oil.


edit: oh jeeze you are a gun nut tool. you repubs love the saudis huh?


35% of the gross domestic product depends on oil , how can you say that the Saudi economy depends entirely on oil


By the way not to worry on the Saudi economy, there is a huge financial reserves and oil wealth priceless.
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Old October 1st, 2015, 08:06 AM   #12649
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Originally Posted by fayzoon View Post
Private sector I think

Right
The private sector is leading the Saudi economy in recent years, King Abdullah Economic City a huge example !
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Old October 1st, 2015, 02:49 PM   #12650
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Quote:
Originally Posted by DUBAI10000 View Post
imagine after all the hype and all the work Kingdom tower is cancelled. That would be a travesty and would be a horrible image for Saudi Arabia.
To be fair, I don't think a cancelled construction project is going to change the country's image in any way. Given certain other issues in Saudi Arabia, it's unlikely that this will pull people down from the fence in either direction.
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Old October 1st, 2015, 04:46 PM   #12651
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[QUOTE=Kyll.Ing.;127508395]To be fair, I don't think a cancelled construction project is going to change the country's image in any way. QUOTE]

That's true.
I think only few people outside SA really know about a certain "Kingdom Tower being built somewhere over there".
And most of those people will be members of this forum...
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Old October 1st, 2015, 06:10 PM   #12652
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I like where this is going!
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Old October 1st, 2015, 08:07 PM   #12653
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Quote:
Originally Posted by godgame View Post
35% directly comes from mining and oil. the majority of the rest comes from supporting that industry, and in servicing the wealth it brings.

im done.
You made a fool out of your self AGAIN if you were against this country then dont open this page again
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Old October 1st, 2015, 08:16 PM   #12654
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Strange that we get the same kind of dicussion every few pages again and again.

It's time that people in the "west" (whatever that is...?) start realizing that any country you mention is just a place on this small planet. And every country has it's own culture, habits, religion, laws, ambitions, etc.
It's not only USA and Europe where skyscrapers are built!

Now please back on topic again, and lets talk about Kingdom Tower.
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Old October 1st, 2015, 08:50 PM   #12655
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You made a fool out of your self AGAIN if you were against this country then dont open this page again
facts are facts. sorry your country is failing.

this discussion is over, stop going off topic.
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Old October 1st, 2015, 09:32 PM   #12656
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01/10/2015





























17




























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Old October 2nd, 2015, 07:26 AM   #12657
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Wonderful pictures...

But can anyone say how long the core has been on floor 21? It seems like it's at least a month now - and it looks like all the cranes are idle!
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Old October 2nd, 2015, 11:45 PM   #12658
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Good thing to know is that King Abdullah Economic City is only 70 kilometers from Kingdom City

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Old October 3rd, 2015, 06:19 AM   #12659
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October Update




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Old October 3rd, 2015, 08:27 AM   #12660
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8 a.m. on October 3 - the floor sign on the right wing now has finally changed from 011 to 012!
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