Saudi Arabia’s Economic Reform

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In The Media

Malcolm H. Kerr Carnegie Middle East Center

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.

By Carole Nakhle

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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