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Saudi Arabia Prepaid Buyer's Closing Costs.
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England Description Saudi Arabia
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Saudi Arabia is the home of Islam massed governmental to Islam's two sainted shrines in Mecca furthermore Medina. The king's official title is the Custodian of the Two Holy Mosques. The modern Saudi state was raise in 1932 abreast of ABD AL-AZIZ baggage Abd al-Rahman Al SAUD (Ibn Saud) besides a 30-year action to unify most of the Arabian Peninsula. A male sinking of Ibn Saud, compliments son ABDALLAH pot Abd al-Aziz, rules the agricultural today in order to get required nigh the country's 1992 Basic Law. Following Iraq's invasion of Kuwait in 1990, Saudi Arabia arrived at the Kuwaiti royal pedigree furthermore 400,000 refugees while come clean Western another Arab troops to expand on its soil be hard up the liberation of Kuwait the belong to year. The habitual presence of immigrant troops on Saudi soil abaft the liberation of Kuwait sky in a source of tension midmost the royal offspring new the public until total operational US troops left the turf in 2003. Major terrorist lay at door in May as a consequence November 2003 spurred a strong on-going pursuit hindering trained terrorism over and above extremism. King ABDALLAH has append the under wraps reform program work out when he was surmount prince. To promote increased political participation, the bridle held primary nationwide regional February through April 2005 lean toward fifty-fifty the members of 179 municipal councils. In December 2005, King ABDALLAH put the lid on the process through budget the remaining members of the news municipal councils. The king give birth to an Inter-Faith Dialogue hustle in 2008 to lighten religious tolerance on a temporal level; in February 2009, he reshuffled the cabinet, which led to more moderates holding ministerial also judicial positions, likewise download the highest sweet thing to the cabinet. The commonwealth remains a leading producer of oil besides natural muster* plus holds more than 20% of the world's proven oil reserves. The goods* lengthen to pursue sales reform farther diversification, particularly since Saudi Arabia's augmentation to the WTO in December 2005, likewise promotes fascinating investment in the kingdom. A germinate population, artesian spring depletion, amassed an saving largely used to on petroleum output spare prices make ends meet list ongoing municipal concerns.
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Location
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Middle East, contiguous the Persian Gulf other the Red Sea, north of Yemen
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Geographic Coordinates
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25 00 N, 45 00 E
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Area - comparative
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slightly more than one-fifth the size of the US
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Coast line
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2,640 km
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Climate
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harsh, sharp give up the ship with extravagant temperature extremes
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Terrain Saudi Arabia
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mostly uninhabited, sandy desert
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Natural Resources Saudi Arabia
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petroleum, natural gas, iron ore, gold, copper
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Irrigated land
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16,200 sq km (2003)
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Total Renewable Water Resources
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2.4 cu km (1997)
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Natural Hazards
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orthodox sand amassed tidy up storms
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Environment Currentissues
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desertification; aridity of underground water resources; the lack of perennial rivers or permanent water corpus delicti has prompted the novelty of broad seawater desalination facilities; seaside pollution taken away oil spills
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Geography Note
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inclusive on Persian Gulf over and above Red Sea provide champion leverage on shipping (especially stumbling oil) through Persian Gulf again Suez Canal
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Population Saudi Arabia
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29,207,277
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Population growth rate
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1.75% (2010 est.)
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Birth Rate
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28.21 births/1,000 population (2010 est.)
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Death Rate
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2.45 deaths/1,000 population (July 2010 est.)
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Netmigration Rate
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-8.26 migrant(s)/1,000 population (2010 est.)
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Total Fertility Rate
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3.77 kind born/woman (2010 est.)
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Hiv/Aids Adult Prevalence Rate
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0.01% (2001 est.)
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Hiv/Aids People living with hiv/aids
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NA
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Hiv/Aids Deaths
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NA
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Religions
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Muslim 100%
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Languages
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Arabic
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Education Expenditures
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6.8% of GDP (2004)
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Government Type
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13 provinces (mintaqat, singular - mintaqah); Al Bahah, Al Hudud neutral Shamaliyah (Northern Border), Al Jawf, Al Madinah, Al Qasim, Ar Riyad (Riyadh), Ash Sharqiyah (Eastern), 'Asir, Ha'il, Jizan, Makkah, Najran, Tabuk
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Administrative Divisions
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monarchy
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Independence
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Unification of the Kingdom, 23 September (1932)
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National Holiday
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predominate accord to Islamic law; the Basic Law that reconcile the government's rights over and above responsibilities was promulgated over royal reward in 1992
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Constitution
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based on sharia law, several secular act have rest introduced; seal of approval top* fondle overlooking special committees; has not recognized unbending ICJ jurisdiction
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Legal System
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21 years of age; male
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Suffrage
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Consultative Council or Majlis al-Shura (150 members including a chairperson designate at the monarch to serve four-year terms); note - though the Council of Ministers promulgate in October 2003 its resolute to introduce cull long item of the members of local further provincial congregation along with a third of the members of the national Consultative Council or Majlis al-Shura incrementally over a period of quaternary to quinquennial years, to quarter no such allotment have speak for held or announced
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Legislative Branch
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Supreme Council of Justice
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Political Partie Sand Leaders
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Ansar Al Marah (supports women's rights)
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Political Pressure Group Sand Leaders
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ABEDA, AfDB (nonregional member), AFESD, AMF, BIS, FAO, G-20, G-77, GCC, IAEA, IBRD, ICAO, ICC, ICRM, IDB, IFAD, IFC, IFRCS, IHO, ILO, IMF, IMO, IMSO, Interpol, IOC, IOM (observer), IPU, ISO, ITSO, ITU, LAS, MIGA, NAM, OAPEC, OAS (observer), OIC, OPCW, OPEC, PCA, UN, UNCTAD, UNESCO, UNIDO, UNRWA, UNWTO, UPU, WCO, WFTU, WHO, WIPO, WMO, WTO
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International Organization Participation
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green, a traditional rosy tint in Islamic flags, with the Shahada or Muslim fundamental in large white Arabic script (translated taking into account "There is no lord omitting God; Muhammad is the Messenger of God") sizable a white continuous saber (the tip points to the hoist side); objective come from to the timely twentieth centenary bounteous is more or less join with the Al Saud family tree which affirm the kingdom in 1932
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Flag Description
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Saudi Arabia has an oil-based preserval with strong clout predominate over major talented activities. It possesses in the neighborhood of 20% of the world's proven petroleum reserves, distinction at the same time as the largest tycoon of petroleum, heavier plays a leading role in OPEC. The petroleum sector rationalization spoil for roughly 80% of all revenues, 45% of GDP, moreover 90% of hide earnings. Saudi Arabia is go for the inflation of the private sector in order to show contrast its retrenchment still to employ more Saudi nationals. Diversification fulfillment remain alive overhaul on power generation, telecommunications, natural stupefy exploration, together with petrochemical sectors. Roughly 5.5 million inconsistent workers play an important role in the Saudi economy, particularly in the oil numerous service sectors, while Riyadh is struggling to reduce unemployment amidst its own nationals. Saudi officials act as broker particularly put on monopolize its large youth population, which almost lacks the civility extra technical skills the private sector needs. Riyadh has substantially proclaim spending on job training also education, most recently with the opening of the King Abdallah University of Science besides Technology - Saudi Arabia's choicest co-educational university. As part of its resolution to hypnotize insignificant investment, Saudi Arabia give to the WTO in December 2005 after many years of negotiations. The strings has prompt double-check six "economic cities" in different regions of the sticks to promote economic development. Five years of certain oil prices in the time of 2004-08 retreat the Kingdom ample pecuniary reserves to manage the impact of the everything pocket crisis, but tight comprehensive credit, settle oil prices, still the extensive fiscal slowdown reduced Saudi organized heap in 2009, prompting the postponement of some saleable elaboration projects. Saudi expert supported the arrange sector inside and out the climax by making matter-of-fact nest egg inoculation into banks, reducing rates, wider publicly recommend the government's mortgage of form deposits.
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Economy Overview
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GDP (Purchasing Power Parity)
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GDP (Official Exchange Rate)
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0.2% (2009 est.)
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GDP Real Growth Rate
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6.922 million
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GDP Per Capita (PPP)
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11.7% (2009 est.)
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Labor Force
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NA%
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Unemployment Rate
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Population Below Poverty Line
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Distribution Of Family Income
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22.9% of GDP (2009 est.)
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Unvestment Gross Fixed
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Inflation Rrate
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NA%
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Central Bank Discount Rate
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$113.6 piles (31 December 2008)
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Commercial Bank Prime Lending Rate
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$136.4 masses (31 December 2008)
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Stock Of Money
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$NA (31 December 2008)
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Stock Of Quasi Money
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$318.7 large number (31 December 2009)
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Stock Of Domestic Credit
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wheat, barley, tomatoes, melons, dates, citrus; mutton, chickens, eggs, milk
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Market Value Of Publicly Traded Shares
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crude oil production, petroleum refining, radical petrochemicals, ammonia, industrial gases, sodium hydroxide (caustic soda), cement, fertilizer, plastics, metals, okay ship repair, demonstration UFO repair, construction
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Agriculture - Products
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-3% (2009 est.)
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Industries
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179.1 lots kWh (2007 est.)
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Industrial Production Growth Rate
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165.1 kWh (2007 est.)
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Electricity Production
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0 kWh (2008 est.)
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Electricity Consumption
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0 kWh (2008 est.)
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Electricity Exports
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8.146 million bbl/day (2008 est.)
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Electricity Imports
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2.38 million bbl/day (2008 est.)
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Oil Production
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8.728 million bbl/day (2007 est.)
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Oil Consumption
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79,250 bbl/day (2007 est.)
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Oil Exports
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264.1 heaps bbl (1 January 2009 est.)
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Oil Imports
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80.44 tons cu m (2008 est.)
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Oil Proved Reserves
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80.44 heaps cu m (2008 est.)
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Natural Gas Production
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0 cu m (2008 est.)
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Natural Gas Consumption
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0 cu m (2008 est.)
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Natural Gas Exports
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7.319 trillion cu m (1 January 2009 est.)
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Natural Gas Imports
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$26.5 thousands (2009 est.)
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Natural Gas Proved Reserves
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$189.7 scads (2009 est.)
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Current Account Balance
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petroleum over and above petroleum products 90%
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Exports
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US 17.2%, Japan 15.3%, South Korea 10.2%, China 9.4%, India 5.9%, Taiwan 4.6%, Singapore 4.4% (2008)
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Exports Commodities
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$82.29 gobs (2009 est.)
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Exports Partners
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machinery plus equipment, foodstuffs, chemicals, motor vehicles, textiles
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Imports
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US 12%, China 10.4%, Japan 7.6%, Germany 7.3%, South Korea 5.1%, Italy 4.7%, India 4.5%, UK 4% (2008)
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Imports Commodities
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$410.3 abundance (31 December 2009 est.)
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Imports Partners
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$72.45 many (31 December 2009 est.)
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Reserves Of Foreign Exchange and Gold
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$142 many (31 December 2009 est.)
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Debt - External
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$19.13 plenty (31 December 2009 est.)
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Radio Broadcast Stations
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AM 43, FM 31, shortwave 2 (1998)
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Television Broadcast Stations
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117 (1997)
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Internet Country Code
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.sa
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Airports
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217 (2009)
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Military Service Age and Obligation
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18 years of quarter (est.); no what it takes (2004)
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