The Arab Spring has had a deep effect on the Middle East, and the unrest has caused non-afflicted areas to seriously consider its citizens’ needs.
Saudi Arabia’s monarch, King Abdullah, has recognised the necessity of keeping citizens content as has pledged $130 billion towards housing and benefits, as well as a significant overhaul of the infrastructure.
36 billion riyals ($9,599,220,000) has been put into transport construction contracts, focusing on the Riyadh metro project and the augmentation of the Mecca and Jeddah bus and metro systems to be completed this year.
The government has also dedicated 100 billion riyals ($26,664,500,000) to healthcare, and has planned to build 19 hospitals and five “medical cities” as part of its infrastructural changes.
Educational expansion will also be on the cards, with the government allocating 204 billion riyals $(54,395,580,000) towards the creation of 539 new schools to cater to the 28 million people living in the region.
The idea is to put money into the people of Saudi Arabia, the end consumer, whilst creating work for local businesses. It will also create employment for the high number of jobless young people in Saudi Arabia – nearly a quarter of 20 to 30 year olds are currently without work.
Another added benefit is adding support to sectors outside of the oil and petroleum industries. Although Saudi Arabia commands a strong position in the global energy market, it can draw revenue from other sectors to supplement its oil revenue stream.
The financing of these structural redevelopments comes from the windfall of Saudi Arabia’s position as the largest exporter of oil for the petroleum industry in the world. With barrels of crude oil at approximately $75 per barrel, the government can finance all of its planned projects for the near future. Barrels are currently priced at $110.62 per unit.
The government expects to collect revenue worth 829 billion riyals ($221,048,705,000) in 2013 alone, and plans to spend 820 billion riyals ($218,648,900,000) on expansion, according to the Finance Ministry of Saudi Arabia.
The Middle East is one region that has based its economy on energy, with the region currently being the top producer of oil and natural fossil fuels. However despite these facts the Middle East’s energy industry has been surrounded by numerous questions as to whether the resources can still sustain the economy. The economy is wholly dependent on energy with essentials like water requiring energy for distillation processes. The region’s resources have been pressured by two major factors, the rapid population increase and economic growth and it is only now that the introduction of renewable sources of energy is beginning to make sense than ever. Countries like Saudi Arabia amongst others have set goals to allocate 10% of their power production of renewable resources like solar by the year 2020.
The energy industry of the Middle East is at the crossroads with decisions to be made as whether to rely on non-renewable and crumble in the foreseeable future or to turn to non-renewable and save the growing economy. The increase in the domestic consumption is reducing the amount of resources available which in turn is negatively impacting the region’s exports which are a key to the economic stability of the region. The globally it has now become a reality that non-renewable resources are becoming more and more unreliable and if new sources of energy can offer enough sustenance the energy industry of the middle east will crumble.
The energy industries in the Middle East have created a huge impact on its economy. Due to the huge reserve of various energy resources the middle countries were able to attract the major investors of the world. The investors invested billions of dollars, which helped their economy a lot. The foreign companies employed several thousands of people in their industries. It helped them to eradicate the word unemployment. The energy companies are paying a huge amount of taxes that builds a strong impact over the economy. Due to the development of the energy industries, a large number of infrastructures have been developed in the last few decades and still they are counting to rise above the sky. The Middle East countries have built huge number five and seven star world class hotels to attract and accommodate the investors and tourists.
Most of the infrastructure in the Middle East has been in place to serve a large number of the locals and a few foreigners. The few foreigners there have lately wanted to dominate the region. They have been busy setting up institutions which have been helping to further develop the region.
One major stride that has been made is the presence of military personnel in the area to guard the vast oil fields. This has helped the region to change rapidly as the military personnel set up infrastructure to help them in their work there. The region will continue to enjoy the prevailing peace which will help to further develop the area.
The emerging of the mining sector will also shape the Middle East as more and more infrastructure will be required to sustain it. There will be direct as well as an indirect effect on the infrastructure. Institutions of higher learning will be concentrated in this region in order to curb the constant move to the west to study in the various fields that are characterized by the emerging industries.
The energy sector which is another emerging industry in the region will also experience a constant growth so as to support the oil industry. Infrastructure will get a major facelift which will impact positively. Creation of jobs directly and indirectly due to the infrastructure set up will remain to be good news for the region.
The pipeline will expand to accommodate the extended number of vessels. This will consequently promote faster service delivery which will ensure efficiency in terms of different parts of the world receiving commodities in time for their consumption. The harbor which is also getting a face lift to cope with the growing business in the region.
The oil producing countries which share borders with the ones that don’t produce oil will strengthen their road network so that tankers can easily deliver oil. Some countries are also busy setting up pipelines which will deliver oil directly from the source. This will in turn be a big relief for the region.
Mining is the general procedure of getting useful nutrients and geological components. Usually, the ores resulting from the mining procedure include clay-based fossil fuel, sizing stone, precious stone, pebbles, limestone, steel, potash, stone sodium, oil shale, and more. As they say, anything that couldn’t be developed through farming techniques are designed in a manufacturer has to be excavated. In one way or another, even the removal of natural gas, oil, and other non-renewable sources are also acquired through mining.
Looking back at the record, professionals would validate that steel and stone mining has been part of existence since the olden days. At present, the modern techniques and devices are being used to create the task considerably easier and increase its efficiency.
Nowadays, the procedure of mining includes necessary actions such as determining areas where the systems can be acquired, examining the possible benefit of it, getting the components, and then getting back to the area after the function is determined. Of course, protection is a huge concern, especially during the mining procedure itself. Working in such an establishing can be very dangerous and so precautionary features need to be properly noticed.
The mining industry is consisting of different persons, each one with a crucial part to create the perform effective and effective. First off, the government manages the projects of handling nutrient statements as well as offering exploration allows. Prospectors, on the other hand, do they perform by using geological charts and other essential resources to recognize nutrients.
Junior exploration organizations are the ones in charge of examining remains for any useful ores. In most cases, these organizations also own working mines. Next, major mining organizations seek the services of experienced individuals to do the actual perform of mining.
Also involved in the list is the professionals. These professionals manage complex lab perform and the prefers. Companies are also essential and they can come in different services such as professionals, chopper aviators, drillers, and many others. Equipment suppliers, development organizations, industry organizations, and stock exchange traders also have their own projects meet up with to complete the big image of mining.
Ad Damman is the capital city and also the largest city of Saudi Arabia’s Eastern Province. Ad Dammam is the fifth largest city in Saudi Arabia and is famous for being the richest oil region in the world. Damman also encompasses the Dammam Metropolitan area and Dhahran and Khobar, which collectively house a population of more than 2.5 million.
Ad Dammam has important transport connections. The region can be accessed by air through Kind Fahd International Airport and by sea through Dammam’s Kind Abdulaziz Sea Port, which is perfectly positioned on the Persian Gulf. King Abdulaziz Sea Port is the second biggest port in all of Saudi Arabia,w ith space for an incredible number of sea going vessels.
A number of eight lane highways connect Ad Dammam to several main cities such as Abqaiq, Hofuf and Jubail, as well as the capital city of Saudi Arabia, Riyadh. Ad Dammam also contains highways connecting to Kuwait, Oman, Qatar, Bahrain and the United Arab Emirates.
Dammam is home to the Dammam Hydraulic Support Industry. This provides Hydropower support through Dammam Hydraulic solutions using pumps, hydraulic cylinders and valves. The company utilises heavy machinery including cranes and industrial applications.
Technoline Industrial Services support the work of the Dammam Hydraulic Support Industry in the Ad Dammam area. Technoline Industrial Services supports industries with SS, MS and fabrication works.
Operating in the Dammam region is the Tamimi Trading & Contracting Co Ltd or TIMCO. TIMCO, owned by Fahad Al Tamimi, is an authentic Saudi Arabian company which has been operated in Dammam for the last thirty years. Part of the work of TIMCO is to provide services in the trading sectors of oil and gas, and power and energy industries. Some of the TIMCO services include the provision of products and services.
TIMCO has achieved significant progression in recent years which the company puts down to many its departments. TIMCO is particularly proud of its management, marketing and customer services teams as well as its engineers, sales executives and partners. As well as equipping energy industries with products, TIMCO offers a diverse range of professional money saving services which are deeply involved with the entire procurement, inspection and shipping processes.