Saudi Arabia (hereinafter referred to as Saudi Arabia) is located at the intersection of Asia, Europe and Africa. It is the largest economy in the Middle East and the only member of the Group of Twenty (G20). Its GDP in 2023 was US$1.1 trillion, ranking 19th in the world. With its abundant oil reserves, Saudi Arabia has formed a single outward-oriented development model dominated by the mining industry, with the supply side relying on the oil industry, the demand side relying on consumer spending, and the national fiscal and current account revenue and expenditure resonating with the oil price.

As one of the world's major oil and gas producers, Saudi Arabia has always occupied an important position in the global energy market with its abundant energy resources and leading technology. The Saudi Oil Exhibition is an important platform for showcasing Saudi Arabia's latest oil achievements and technologies, and is also the focus of the global energy market.

With the "Saudi Arabia Vision 2030" proposed, it is necessary to transform from an oil producer to a global industrial group with multiple business formats. Saudi Arabia has made natural gas, oil refining and chemical industry, technical equipment, new energy and other fields as the direction of Saudi Arabia's development, thereby driving the development of other industries and economic fields.