Saudi Arabia is the largest country in the Middle East Region having an area of 2.15 Million sq. km. It has a 4,200km long land border shared with Iraq, Jordan, Kuwait, Oman, Qatar UAE and Yemen. Saudi Arabia is the birthplace of Islam and the home to two of its holiest shrines – Mecca and Medina. During the past decade Saudi Arabia has witnessed a series of socio-economic initiatives focused at the development of the citizens of the country. These initiatives include expanding employment and social opportunities for women, attracting foreign investments, increasing the role of private sector and discouraging local establishments from hiring foreign workers. In 2015 women were allowed to vote and stand for elections for municipal council seats and a total of 21 women won in these elections.
SAUDI ARABIA’S ECONOMY:
Saudi Arabia is an oil based economy with 16% of the world’s proven petroleum reserves. It is the largest exporter of petroleum and an active member of OPEC countries. Its GDP (PPP) is estimated at US$ 1.7 Trillion and it is growing at an annual rate of 3.5%. Services constitute 51% of the GDP whereas Industry constitutes 47% and agriculture 2%. Services Sector engages 72% of the available workforce followed by Industry (21.5%) and Agriculture (6.5%). Major industries include Crude Oil Production, Petroleum Refining, Manufacturing of Ammonia, Industrial Gases, Caustic Soda, Cement, Fertilizers, Plastics, Metals, etc. Construction & Real Estate, Ship and Aircraft Repairs are the other major industries.
ERP SYSTEMS CONTRIBUTION TO SAUDI ECONOMY
Enterprise Resource Planning (ERP) Software have played an important role in the growth and development of Saudi enterprises. A versatile ERP System ensures the implementation of best practices and procedures in an enterprise and the automation of all its functions. It also reduces the manual effort and errors involved in duplication of data entry and in reconciliation of disparate reports of different departments. With the help of an effective ERP Software the Management can keep a tight control over its operations even if they are spread across multiple locations and countries.
ebizframe, Middle East’s Premium ERP Solution has played a dominant role in enhancing the productivity of many Saudi enterprises and preparing them for future growth and diversification. ebizframe ERP has been implemented successfully across diverse industry verticals in the Middle East from Retail, FMCG Sales and Distribution to Construction, Oil Rigs and Logistics. Worldwide, ebizframe ERP is being used by over 1,000 companies across 25 countries in 20+ diverse industry verticals.
ebizframe, the latest version of ebizframe ERP is a Next Generation Enterprise Automation Solution which takes the Automation of an enterprise to a different level altogether. ebizframe ERP is highly configurable and can be rapidly implemented for almost any industry vertical. It is SMAC (Social, Media, Analytics and Cloud) enabled and ensures collaboration with vendors, contractors and sub-vendors using the power of social media. ebizframe is completely Device Agnostic and can be accessed anytime, anywhere and on any smart device by executives constantly on the move.