Industrial development in Saudi Arabia

The aim of this thesis was to survey the three main sectors ofthe heavy industries of Saudi Arabia to see what part they play orcould play in an economy which is heavily dependent on oil. Severalaspects of the iron and steel, petrochemical, and cement industrieshave been considered, including geographical location, the links andcooperation between their component parts, markets and therepercussion of their rapid development on Saudi culture and society.Despite the speedy growth of these industries most of thecountry's revenue still emanates from oil. It seems clear that theSaudi economy will continue to depend heavily on oil for theforeseeable future and despite planning and attempts to develop theindustrial sector it will contribute only a small percentage of GNP,(presently 4 per cent).It is important to be aware that the aim of the Saudi Arabiangovernment in developing these industries was not solely economic butwas to extend the base of Saudi society. These industries were seen aspart of the overall package of development which included, forexample, education, health and communications.It is to the credit of the Islamic culture and influence thatSaudi Arabia has been able to achieve such rapid industrial developmentand modernisation without destabilising its society. This is anachievement which, when compared with many developing countries deserves proper recognition.