Saudi Arabia : economy statistics and industry reports

One of his male descendents rules the country today as required by the country's 1992 Basic Law.

King ABDALLAH bin Abd al-Aziz ascended to the throne in 2005.

Following Iraq's invasion of Kuwait in 1990, Saudi Arabia accepted the Kuwaiti royal family and 400,000 refugees while allowing Western and Arab troops to deploy on its soil for the liberation of Kuwait the following year.

The continuing presence of foreign troops on Saudi soil after the liberation of Kuwait became a source of tension between the royal family and the public until all operational US troops left the country in 2003.

Major terrorist attacks in May and November 2003 spurred a strong on-going campaign against domestic terrorism and extremism.

King ABDALLAH has continued the cautious reform program begun when he was crown prince.

The king instituted an interfaith dialogue initiative in 2008 to encourage religious tolerance on a global level; in 2009, he reshuffled the cabinet, which led to more moderates holding ministerial and judicial positions, and appointed the first female to the cabinet.

The 2010-11 uprising across Middle Eastern and North African countries sparked modest incidents in Saudi cities, predominantly by Shia demonstrators calling for the release of detainees and the withdrawal from Bahrain of the Gulf Cooperation Council's Peninsula Shield Force.

Protests in general were met by a strong police presence, with some arrests, but not the level of bloodshed seen in protests elsewhere in the region.

In response to the unrest, King ABDALLAH in February and March 2011 announced a series of benefits to Saudi citizens including funds to build affordable housing, salary increases for government workers, and unemployment benefits.

To promote increased political participation, the government held elections nationwide in September 2011 for half the members of 285 municipal councils.

Also in September, the king announced that women will be allowed to run for and vote in future municipal elections - first held in 2005 - and serve as full members of the advisory Consultative Council.

The country remains a leading producer of oil and natural gas and holds more than 20% of the world's proven oil reserves.

The government continues to pursue economic reform and diversification, particularly since Saudi Arabia's accession to the WTO in December 2005, and promotes foreign investment in the kingdom.

A burgeoning population, aquifer depletion, and an economy largely dependent on petroleum output and prices are all ongoing governmental concerns.