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Saudi Deputy Crown Prince Mohammed bin Salman speaks to Gulf Cooperation Council defense ministers in Riyadh

Saudi Arabia’s economic reform

  • Oil price volatility has been traditional spur to failed Saudi reforms
  • This time climate change and demographic pressure make changes more urgent
  • Sale of Saudi Aramco stake may be less effective than opening market to oil majors

Saudi Arabia is once again keeping analysts busy worldwide. This time attention has been drawn by an audacious economic reform rather than by oil policy, although the two are closely intertwined. Some of the development strategy’s goals are not new and others are probably unattainable, but there seems to be a stronger will to proceed today than in the past decades. The journey will not be quick, easy or cheap.

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Dr. Carole Nakhle
Saudi Arabia fell in line with what used to be fashionable in its neighborhood
read more about it in the report
What's inside
  • Oil price volatility has been traditional spur to failed Saudi reforms
  • This time climate change and demographic pressure make changes more urgent
  • Sale of Saudi Aramco stake may be less effective than opening market to oil majors
Who will benefit?
  • Report is targeted to the decision makers in cross country manufacturing – suppliers, manufacturers, logistics.
  • Also considered useful for the administrative university facilities, to better understand the possibe effects of current decisions.
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