e
Leaders:
Chief of State and Head of Government:
King and Prime Minister FAHD bin 'Abd al-'Aziz Al Sa'ud (since 13 June
1982); Crown Prince and Deputy Prime Minister 'ABDALLAH bin 'Abd al-'Aziz Al
Sa'ud (half-brother to the King, appointed heir to the throne 13 June 1982)
Member of:
ABEDA, AfDB, AFESD, AL, AMF, CCC, ESCWA, FAO, G-19, G-77, GCC, IAEA, IBRD,
ICAO, ICC, IDA, IDB, IFAD, IFC, ILO, IMF, IMO, INMARSAT, INTELSAT, INTERPOL,
IOC, ISO, ITU, LORCS, NAM, OAPEC, OAS (observer), OIC, OPEC, UN, UNCTAD,
UNESCO, UNIDO, UPU, WFTU, WHO, WIPO, WMO
Diplomatic representation in US:
chief of mission:
Ambassador BANDAR Bin Sultan
chancery:
601 New Hampshire Avenue NW, Washington, DC 20037
telephone:
(202) 342-3800

*Saudi Arabia, Government

consulates general:
Houston, Los Angeles, and New York
US diplomatic representation:
chief of mission:
(vacant); Charge d'Affaires C. David Welch
embassy:
Collector Road M, Diplomatic Quarter, Riyadh
mailing address:
American Embassy, Unit 61307, Riyadh; International Mail: P. O. Box 94309,
Riyadh 11693; or APO AE 09803-1307
telephone:
[966] (1) 488-3800
FAX:
Telex 406866 consulates general:
Dhahran, Jiddah (Jeddah)
Flag:
green with large white Arabic script (that may be translated as There is no
God but God; Muhammad is the Messenger of God) above a white horizontal
saber (the tip points to the hoist side); green is the traditional color of
Islam

*Saudi Arabia, Economy

Overview:
The petroleum sector accounts for roughly 75% of budget revenues, 35% of
GDP, and almost all export earnings. Saudi Arabia has the largest reserves
of petroleum in the world, ranks as the largest exporter of petroleum, and
plays a leading role in OPEC. For the 1990s the government intends to
encourage private economic activity and to foster the gradual process of
turning Saudi Arabia into a modern industrial state that retains traditional
Islamic values. Four million foreign workers play an important role in the
Saudi economy, for example, in the oil and banking sectors.
National product:
GDP - exchange rate conversion - $111 billion (1992 est.)
National product real growth rate:
3.6% (1992 est.)
National product per capita:
$6,500 (1992 est.)
Inflation rate (consumer prices):
2.5% (1992 est.)
Unemployment rate:
6.5% (1992 est.)
Budget:
revenues $45.1 billion; expenditures $52.5 billion, including capita