Saudi Arabia's economy is a high-income mixed economy heavily reliant on oil exports, with the government actively diversifying into other sectors such as tourism, technology, and renewable energy to reduce its dependence on hydrocarbons. As a major player in the global energy market and a key driver of regional economic growth, understanding Saudi Arabia's economy is crucial for businesses, investors, and policymakers looking to navigate the complexities of the Middle Eastern market and capitalize on emerging opportunities.
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