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Essay / Research Paper Abstract
This 7-page paper compares the economies of Jeddah (in Saudi Arabia) with Dubai (in the UAE). Discussions about oil and their impact on the economies is also noted. Bibliography lists 5 sources.
Page Count:
7 pages (~225 words per page)
File: D0_MTjeddduba.rtf
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Unformatted sample text from the term paper:
Though both cities are port towns, and both are in the Middle East, both have their differences. The one similarity they share is that, of course, their economies are oil-and-energy-driven.
However, each city also takes the characteristics of the country in which they are located. An Economic Overview of Jeddah Jeddah (or Jiddah, as its sometimes known), is a
port city in the Kingdom of Saudi Arabia. Saudi Arabias capital city is Riyadh. Jeddah is the countrys largest port city on the Red Sea, with a population of 1.6
million (UK Trade and Investment, 2008). Jeddah is also known for its annual economic forum, which has been ongoing for about 10 years (McClenaghan, 2007). This countrys monarch-based government runs
on oil, with the government possessing more than 20% of the worlds proven petroleum reserves (CIA Factbook (b), 2008). The 2007 estimated GDP stands at $546 billion, with per capital
GDP at $19,800 (CIA Factbook (b), 2008). The real-growth rate of this countrys GDP is 3.5% (CIA Factbook (b), 2008). The country ranks as the largest exporter of petroleum and
is one of the leaders of OPEC (CIA Factbook (b), 2008). In the country overall, the petroleum sector accounts for approximately 75% of budget revenues, 45% of the GDP
and 90% of export earnings (CIA Factbook (b), 2008). Other industries include manufacture of ammonia and industrial gasses, cement, plastics, metals, commercial ship and aircraft repair, and construction (CIA Factbook
(b), 2008). About 40% of the GDP comes from the private sector (CIA Factbook (b), 2008). Foreign workers are important to the Saudi economy - approximately 5.5 million of them
are in evidence, particularly in the oil and energy sectors (CIA Factbook (b), 2008). Thanks to high oil prices, growth, government revenues and government ownership of foreign assets are also
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