Jeddah(SA) Financial Information

The Jeddah, Saudi Arabia geographical location places it at the heart of the region covered by the Middle East and North Africa, with all their capitals within two hours flying distance, defining Jeddah as the second commercial center of the Middle East and mostly commecial areas worldwide can be found in that city.



Also, Jeddah's industrial district is the fourth largest industrial city in Saudi Arabia after Riyadh, Jubail and Yanbu.




Jeddah's status as a trading centre has been maintained down the centuries where many foreigners comming in for work and many of today's major trading companies have their headquarters there. Two large, government-owned companies are based in Jeddah, too: the Saudi Arabian Marketing and Refining Company (SAMAREC) and Saudia, which is the national airline. Both these companies employ a huge work force, and their presence exerts a considerable impact on the local economy, many americans, europeans visiting for business deals so many forein exchange centers opens and as follows: bank jeddah, money changer jeddah, money transfer jeddah one of the older company that does currency exchange: Alamoudi Exchange Company Al Balad Dist, Jeddah or Alamoudi Exchange Company Al Hamra Dist, Jeddah and in Makkah: Makkah Bank, Bank Makkah, Money Changer Makkah, Currency Exchange Makkah one Bakah branch of same company named: Alamoudi Exchange Company Makkah, Makkah.



The expansionary stance culminated in a 13.7% rise in
projected state expenditure in the 2010 budget, to a record level of SAR 540
billion or 143.9898 Billion US Dollars based on currency converter dated: April 4, 2011. According to government projections, the state’s fiscal deficit will
widen to SAR 70 billion in 2010 after a smaller than expected shortfall of
SAR 45 billion in 2009.

The bank has also injected SR300 million or 79.9943 US Dollars (converted in currency converter) in free-interest loans to finance small medical businesses proposed by young women entrepreneurs. More loans to open small restaurants, factories, gas stations, and other services will be provided to Saudi women. The bank, however, requires a well-done feasibility study of the project and research.

The bank has extended its lending tree to develop leadership and Management skills of women with a better opportunity of empowering themselves as entrepreneurs than they do in regular employment." for Success of Saudi Arabia.