Saudi Arabia is the chief and the most unwavering economy in the Gulf. The most interesting fact however is that the Saudi economy battered the economical and financial calamity way better than other economies of the world because of its traditional economic and monetary policies. 
Setting up a business in Saudi Arabia had proved to be extremely money-spinning for western entrepreneurs if they are able to successfully deal well with the culture differences. The economy of Saudi Arabia has been booming because of the oil exports making its GDP growth increase by 6.50 percent as quoted by CIA World Factbook.
Not just this, the U.S. Department named Saudi Arabia as the world’s most secure economy in the Gulf along with the government to have traditional economic and monetary guidelines. Saudi Arabia is a kingdom that promotes a friendly and lucrative business environment and has been ranked 12th in 2012 by the World Bank Ease of doing business index.
When it comes to Saudi Arabia’s economy, it is the largest economy among the Arab countries with an oil based economy and a stringent government control over all chief economic activities. A centrally planned economy in the world, the Saudi Arabian economy feature few private companies that are highly synchronized by the Saudi administration.
Functional chiefly by superior oil prices and public expenses, the economy of Saudi Arabia has enhanced at an average growth rate of 3.5 percent over the past five years. There has however been a little boost in the structural and institutional development. 
What might be of significant information is that the nation lost its economic independence two years constantly, making one of the 15 highest score turn downs in the 2013 catalogs. The apparent level of corruption in the nation has been on a high while the legal system of the kingdom still remains vulnerable in front of political influence. The property rights score in Saudi Arabia is lower that the world average.
Even though the economic planners have yet not accomplished their goals, the economy of the kingdom has enhanced the living standard of most of the Saudis. Nevertheless, noteworthy population expansion of the nation has stressed the government’s capacity to further finance the enhancements in the kingdom’s living standard. Profound reliance on petroleum revenue is constant, however, industry and agriculture currently accounts for a bigger share in the country’s activity.
Open to almost every economy and business, Saudi Arabia is a nation with an economy that welcomes the set up of large businesses!
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