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PRODUCTION AND COST ANALYSIS SLP MOD 2

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This product is regulated by the United States Consumer Product Safety Commission and is subject to certain labeling requirements under the Federal Hazardous Substances Act. These requirements differ from the classification criteria and hazard information required for safety data sheets (SDS). The product label also includes other important information, including directions for use, and should always be read in its entirety prior to using the product. Additional Information

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Saudi Arabia began as a city which was characterized by trade due to its access to sea waters. Its development as an oil exporter began in the twentieth century under the leadership of King Fahd in 1982. Saudi Arabia has the largest oil reserves in the world. The extensive oil reserves have enabled Saudi Arabia to solely contribute twenty percent of the world’s crude oil exports (King, 2011). The large oil reserves have enabled Saudi Arabia to have a significant influence in the industry, which has benefited the country. As at 2014, the country’s Gross Domestic Product stood at 753.8 billion dollars. The country has enjoyed a constant growth in its Gross Domestic Product from 2010 to 2014. The economic development has led to infrastructure development in the state. Saudi Arabia has numerous high-end hotels facilitated by the oil industry.

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