How did peoe living in saudi arabia make their money

The economy of Saudi Arabia is one of the top twenty economies in the world G In the Saudi Government launched its Saudi Vision to reduce the country’s dependency on oil and diversify its economic resources. Saudi Arabia has the largest economy in the Arab world and the Middle East. Saudi oil reserves are the second largest in the worldand Saudi Arabia is the world’s leading oil exporter and second largest producer. Petroleum in Saudi Arabia is not only plentiful but under pressure and close to the earth’s surface. This makes it far cheaper and thus far more profitable to extract petroleum in Saudi Arabia than in many other places. An estimated 7.

A practical guide to the way of life in Saudi Arabia

The kingdom is pushing ahead with an economic overhaul aimed at ending what Crown Prince Mohammed bin Salman once called its «addiction» to oil. Change is now coming thick and fast, and several major reforms announced since bin Salman unveiled his Vision in will take effect this year. It’s probably not wise to make quick turns,» he added. Premium gasoline now costs 2. Saudis are also paying more for most consumer goods and services. After a year ban, the government will begin granting commercial movie theater licenses this year, and it expects the first cinemas to open their doors in March. International and regional chains are already eying opportunities in the new market of 30 million people. The announcement followed a royal decree in September. Many women campaigned for the right to drive for years and some have been arrested for defying the ban. The move is expected to spur growth and give women a much bigger role in the economy. Women will be allowed into three stadiums in major cities. The General Sport Authority, the country’s governing body for sports, said in October that three of the country’s biggest stadiums will begin «accommodating families» early in the year. Saudi men and women are customarily separated in public places. But that restriction is also slowly being relaxed. Men and women were able to sit together at several music concerts and events in Prince Sultan bin Salman, head of the Saudi tourism and national heritage commission, told CNNMoney’s Richard Quest that the kingdom would issue its first tourist visas in Visas were previously restricted to people traveling to the country for work or to visit its holy sites. The kingdom has ambitious plans to grow its tourism industry. It has already announced several projects, including one to build a series of resorts on about miles of the Red Sea’s sandy coastline. It is aiming to attract 30 million visitors a year by , up from 18 million in Saudi officials have repeatedly stated that they’re planning to sell a small stake in Aramco in If it happens, the sale is expected to be the biggest stock market listing in history. It’s also reportedly keeping open the option of selling a stake to a strategic investor first. Cartoonist draws lines in Saudi culture. Saudi Arabia wants to attract more tourists. Personal Finance. The Motley Fool Paid Partner. LendingTree Paid Partner. CNNMoney Sponsors.

Addressing poverty with charity

MBS’s Vision will not alleviate poverty among Saudis and its austerity plan could lead to upheaval. Growing up in Saudi Arabia in the s, I was acutely aware that Saudi society was divided along class lines. There was the royal family and the super-rich, the middle class and the poor masses — all strictly segregated socially and culturally. Like many other Saudi cities, Jeddah, where I lived and worked as a journalist between and , was divided in two: the northern part of the city was reserved for royalty and upper middle-class families, while the southern part was where migrant workers, undocumented migrants and poor and middle-class Saudis lived. The death of her husband, the main breadwinner of the family, had forced her to start selling second-hand clothes on the street in order to make ends meet. Two of her sons had had to drop out of school because she could not afford to support their education. While public schools are free in the kingdom, the state does not cover additional costs for students, including school materials and food. She herself had not received a proper education and was semi-illiterate, which made it difficult for her to go through the heavily bureaucratic process of applying for financial aid from the Ministry of Labour and Social Development. Another hurdle was that such payments could only be made into a bank account, which she could not open because she did not have the money for the minimum deposit required to open one. In Saudi Arabia some 7 million citizens do not have bank accounts , almost 60 percent of whom are women. Om Mohammed lived in the Kilo 6 slum which had no proper sewage system or running water and flooded every time it rained. She, like her neighbours, was reduced to carrying water from the ablution fountains of the nearby mosques, to drink and wash with. Om Mohammed is one of millions of Saudis stuck in a vicious circle of poverty on the peripheries of cities whom the world rarely sees or hears about. Although the government rarely releases statistics, it is estimated that around 20 percent or more of the 34 million Saudi citizens live in poverty. Many of them are women or members of female-headed households. For decades, successive Saudi governments have done little to alleviate the suffering of their country’s poor. They have been reluctant to openly talk about their existence because recognising poverty necessitates recognising income inequality and the unfair distribution of wealth in the oil-rich country.

Life in Saudi Arabia will look very different by the end of 2018.

A number of people in Saudi Arabia prefer to stay at home rather than working in an office. Many people also wants to do a part time job from home to earn more money for their livelihood.

Students also prefer to do freelancing from home so they can earn money and can give proper time to their studies. We got many request from the people to write an article on this issue and today we are going to solve this problem.

We will tell you about the opportunities through which you can earn money from your home. As we all know that earning money is not a roses of bed, you have put all of your effort to earn money. We can only guide you that what you have to do and the rest of the work has to be done you. Most of the people who are living in Saudi Arabia have good English skills. You can use your English skills to earn money from your home.

It will be easy for you and you will be paid more than other online jobs. Now the question arise that from where you can find online jobs? People from all over the world post online jobs into these websites. You have to apply for these by writing a proposal for. You also have to quote your price that how much money you will take for content writing or translation.

Many other people also applies for this job therefore you have write to bid in a way that the person who has posted online job, hires you. If you also knows Arabic then it is a plus point because you can also apply for a job such as English to Arabic translation or Arabic to English translation.

You may be asked by them to make presentation, do content writing on website, English to Arabic translation. Once you will complete the work, you will get payed by the person who hired you. You can also provide online services to the people. If you are good something such as MS excel and PowerPoint then find such jobs on website and apply for it. Many firms prefer to hire person online to make financial statements and presentation because it will cost them.

You can apply for these jobs because if you are good in it then it will not take a lot time for you to make financial statements or presentation. You may also be asked for online tutoring services.

If you are a Muslim then you can teach Quran to the Muslim kids living in Western countries. There are many ways through which you can earn money online but you just have to make an aim for it because without aim you can do. You can become a chat operator for any website they will pay you for it. If you are good in any subject then you can also offer online course to the students who search for online tuition.

You can search for such jobs from the website of freelancing we have mentioned. You can handle the social media accounts of different companies. These companies are hiring freelancers nowadays for their chat centers. They will teach you about their content.

They will also train you that how to answer the questions that users will. They will guide you about the product they offer, it may be software, eatables goods, electronics. I chatted with the customer services of one of the biggest telecom service in Saudi Arabia. We have also heard that many banks are also going to launch this service so be alert and apply for such jobs which you can do from your home online.

Many universities also offer this service you can also apply their. They will teach about the courses that university offers and then you will be chat representative of their university. You can earn a lot of money from such jobs because they are not that much hard.

You can also apply for product marketing jobs in which you can apply online from website we have mentioned. You have to do the marketing of different products online and they will pay you for. It is a good way to earn online money. Many people are earning online money through this mean. Affiliate marketing is a good way to earn online money if you know how to do.

You have to post ads for a company on different website and they you have to take your commission by the company. They can also pay you monthly or weekly or daily it depends upon the company that which structure they support. You can create your own blog or website on which you can write an article and post.

You can earn a lot from this job but you also have invest a lot in. You have to pay developer to develop website for you. If you are not good in English then you can hire a blogger or content writer to write articles for you. Many people are earning money from YouTube. They make their own videos such as comedy videos and they are getting money from it.

The more the number of viewers the more you will get paid. Company will give you script about what you have to say to a customer on a phone or what you have sell. You may get commission on every sale. They can also pay you on per hour basis.

It all depends upon the contract you have singed with the company. It is a good way to earn online money in Saudi Arabia but you will not get paid as much as in the previous mentioned jobs.

It is the most dangerous method to earn online money in Saudi Arabia. You can earn hundreds of Riyals in one minute but can also lose thousands in one minute. It requires high skills and business minded person to this job because you must have the knowledge of in which business you have to invest otherwise you will lose.

There are hundreds of people in the world who have become millionaire through forex trading and there are hundreds of them also who have lost everything because of investing wrong.

It is a very risky business but a good way to earn money online. We hope you have enjoyed our article and it has helped you. Now it depends upon you that which job you can do better and would like to. If you still have any difficult then please mentioned in the comments below we will try our best to help you. Now please share this article with your friends and let them know about this golden opportunity. And also have a look at our other articles too and share them with friends and family.

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1. Online Content Writing

Unlike most developing countries, Saudi Arabia had an abundance of capital, and vast development ih sprung up that turned the once underdeveloped country into a modern state. During that aeabia, unemployment was all but nonexistent—large numbers of foreign workers were imported to do the most menial and the most highly technical tasks—and per capita income and gross domestic product GDP per capita were among the highest in the non-Western world. Long-range economic development has been directed through a series of five-year plans. Subsequent plans sought to diversify the economy; to increase domestic food production; to improve education, vocational training, and health services; and to further improve communications routes between the different regions of the country. But the economic boom was not without a price. As world oil prices stagnated in the s, government policies encouraging larger families led to a marked increase in population. However, those trends reversed as oil prices again rose. In addition, five-year plans were directed toward increasing the share of private enterprise in the economy in an effort to move away from dependence on oil exports and to generate jobs. At its founding, the kingdom inherited the simple, tribal economy of Arabia. Many of the people were nomads, engaged in raising camelssheepand goats. Agricultural production was localized and subsistent. Agriculture now contributes only a small fraction of the Saudi GDP and employs a comparable proportion of the workforce. Less than 2 percent of the how did peoe living in saudi arabia make their money land area is used for crops.