project

Saudi Arabia is a large market. There is a population of 24,293,844. That number includes 5,576,076 non-citizens foreign workers (2003). Saudi Arabia is one of the highest growth nations in the world with a growth of 3.27% a year (2003). Children and young teens represent the highest proportion of the population in the country. 0-14 years: 42.3%, 15-64%years 54.8%, and 65 years and over are 2.9%. Since the product is aimed at all of the population the age division is irrelevant. Most Saudis live in the urban areas (77.3%), while the rest live in the rural areas (22.7%). The largest concentrations of population are in Riyadh, Jeddah, medina, and Mecca
Saudi Arabia’s economy is based on oil production. Oil wealth made the possible the rapid economic development. There is low inflation rate of 1%. The GDP of Saudi Arabia is $242 billion (2002). ...