The analysis of the competitive advantage of Saudi Arabia on oil

This paper examines the position of Saudi Arabia in the global oil market and petrochemical industries in detail. The Saudi Arabian Kingdom's general properties and oil history in Saudi Arabia are also touched upon due to their significance for the topic. The second chapter of this paper examines competition as a concept. Competitiveness is not enough by itself; one must have a corresponding strategy and specific talents in order to reach their target. These factors make up what is known as a competitive advantage. This paper discusses both the general concept of competitive advantage and the factors influencing it and the Saudi Arabian competitive advantage in the oil industry in detail. Projects concerning Saudi Arabia's future, such as NEOM and Vision 2030, are explained and discussed with their advantages and future risks. NEOM is expected to be an independent economic zone with its laws, tax system, and legislation. Vision 2030, on the other hand, seeks the Saudiization of the private sector's workforce and consists of 13 different programs. This thesis uses SWOT Analysis for evaluating competitiveness. The rising weaknesses and opportunities are listed according to the analysis results.