Most developed and financially strong countries of the world
Saudi Arabia contains one of the largest oil reservoirs in the world. It is a most important oil producing country. Its role in international oil markets cannot be challenged. It almost controls international demand and supply for oil. In this way its effects international prices for oil too. Oil industry has made it one of the most developed and financially strong countries of the world. But in the employment sector the oil industry does not add much to the development of the state because it is largely dependent on capital and requires minimum manual labor.