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 by

Geopolitical Intelligence Services

on June 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.

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.