The world lonely planet for The country is often embroiled in Middle East strife but usually remains neutral enough to allow oil export. Crown Prince Abdullah continues to move the economy toward privatization of the energy production sector, increased foreign investment, the creation of Saudi jobs, and an overhaul of the tax holiday system aimed at reducing corporate tax from 45 30 percent. Unemployment is high at 20 percent among 20- to 29-year-old Saudi males as many workers for the 8-billion-barrel-ayear oil production (2000) are foreign nationals. Fiscal policies are tight and Islamic, no-interest loan, banking rules apply. Most of the ministries function as familyrun, state-controlled entities. The national revenue continues to be dependent on the price of oil. Though it has significant natural gas reserves, Saudi Arabia has chosen not to export gas. The world lonely planet 2016.
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