Article
Carole Nakhle
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Source: Getty
In The Media
Saudi Arabia’s Economic Reform
Saudi Arabia's latest drive to reform its economy will not be cheap or easy although now there seems to be a stronger will to carry out necessary changes than in years past.
Published on Jun 22, 2016
Source: Geopolitical Intelligence Services
- 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.
Read the full article at Geopolitical Intelligence Services.
About the Author
Carole Nakhle
Former Nonresident Scholar, Middle East Center
Nakhle was a nonresident scholar at Carnegie Middle East Center, specializing in international petroleum contracts and fiscal regimes for the oil and gas industry, world oil and gas market developments, energy policy, and oil and gas revenue management.
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Carole Nakhle
Recent Work
Carnegie does not take institutional positions on public policy issues; the views represented herein are those of the author(s) and do not necessarily reflect the views of Carnegie, its staff, or its trustees.
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