Saudi Government and Economy

Economy, Financial System and Strategic Industries

25 practice questions, each with the answer and an explanation.

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Random questions from this topic, one at a time. You see the answer and the explanation straight after each one.

All 25 questions

  1. What is the name of the official stock market exchange of Saudi Arabia, which is the largest capital exchange in the Middle East and North Africa by market capitalization?
  2. Which global petrochemical giant, founded in Riyadh in 1976 and largely acquired by Saudi Aramco in 2020, is one of the world's largest chemical manufacturers?
  3. What national aviation program, launched in 2023 with a mega-hub at King Salman International Airport in Riyadh, is Saudi Arabia's newest global flag carrier airline?
  4. Which international economic forum, whose membership is made up of 19 countries plus the European Union and the African Union, includes Saudi Arabia as its only Arab member?
  5. What is the standard Value Added Tax (VAT) rate in Saudi Arabia, which was increased in July 2020 to support state revenues during global economic turbulence?
  6. What high-speed electric passenger railway, inaugurated in 2018, connects the holy cities of Mecca and Medina via Jeddah and King Abdullah Economic City at 300 km/h?
  7. Which coastal industrial city on the Arabian Gulf, developed starting in 1975, is globally recognized as the largest industrial city on Earth and a premier petrochemical complex?
  8. What international petroleum organization, founded in Baghdad in 1960 and headquartered in Vienna, has Saudi Arabia as its leading and most influential member?
  9. Which government entity, established in 2021 through the merger of GAZT and Saudi Customs, administers Zakat, income taxes, and customs duties across the Kingdom?
  10. What is the name of the annual investment summit held in Riyadh since 2017, widely dubbed 'Davos in the Desert', which convenes global CEOs, financiers, and policymakers?
  11. Which urban public transit system in Riyadh, opened in stages in 2024-25, comprises six driverless metro lines spanning about 176 kilometres and 85 stations?
  12. Which industrial city on the Arabian Gulf coast, north of Jubail, hosts the King Salman Global Maritime Industries Complex and Ma'aden's aluminium smelter?
  13. What is the targeted percentage of non-oil exports in non-oil GDP outlined in Saudi Vision 2030, reflecting the Kingdom's drive to diversify its foreign exchange earnings?
  14. Which digital identity and services smartphone platform, operated by the Ministry of Interior, provides millions of citizens and residents with verified access to government and commercial transaction…
  15. What program was enacted by Saudi Arabia requiring foreign multinational corporations seeking government contracts to relocate their regional headquarters (RHQ) to the Kingdom by 2024?
  16. What is the name of the Saudi labor market localization policy, introduced in 2011, which categorizes private companies into color-coded tiers based on the percentage of Saudi citizens employed?
  17. Which utility developer, listed on the Tadawul and 44% owned by PIF, is leading the development of major solar, wind, and green hydrogen projects across Saudi Arabia and internationally?
  18. What is the name of the dedicated domestic defense industries authority created in 2017 to localize over 50% of military equipment spending in Saudi Arabia by 2030?
  19. Under the In-Kingdom Total Value Add (IKTVA) program established by Saudi Aramco in 2015, what is the targeted baseline percentage of local content in supply chain procurement?
  20. What is the targeted ranking for the Kingdom of Saudi Arabia in the United Nations E-Government Development Index (EGDI) by 2030 under Vision 2030 strategic objectives?
  21. What is the official name of the secondary stock market launched in February 2017 on the Tadawul to allow small and medium-sized enterprises (SMEs) to access equity capital under lighter listing regul…
  22. What is the name of the comprehensive economic partnership program launched by Crown Prince Mohammed bin Salman in March 2021 to inject 5 trillion SAR of private investment into the local economy by 2…
  23. Under the Financial Sector Development Program (FSDP), what is the targeted percentage of non-cash (electronic digital) retail transactions across Saudi Arabia by 2025/2030?
  24. What is the targeted contribution of the mining sector to the annual GDP of Saudi Arabia by 2030 under the Comprehensive Exploration Program?
  25. What is the name of the national digital system launched by the Ministry of Justice that allows paperless litigation, digital hearings, and electronic deed transfers?

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