Saudi Reform Could Shake the Middle East

October 27, 2016

Economic reform in Saudi Arabia could affect the entire Middle East region. Since oil prices plummeted from around $100 a barrel in mid-2014 to $50 in September 2016, the fiscal crisis of Saudi Arabia has deepened further. The freefall of oil prices urged the government to announce austerity...

Saudi Arabia: Diversification Remains Elusive as Economic Crisis Persists

August 19, 2016

Structural imbalances within the Saudi economy mean the country’s new strategy is only likely to partially achieve its aims.   The announcement of the new diversification strategy comes amid growing evidence of the severity of the economic crisis affecting Saudi Arabia. Official data from...

Demographic Tsunami Heads for Saudi Arabia

July 13, 2016

Vision 2030 seeks to address Saudi Arabia’s economic challenges, but quick solutions are not necessarily on the horizon. The Saudi Arabian National Transformation Plan and Vision 2030 have already over stimulated the saliva glands of banking and advisory community. Of course, these...

How Will Saudi Arabia Revamp its Education System?

May 25, 2016

Without an educated and skilled workforce, it will be a tremendous challenge for Vision 2030 to meet its target goals. As Saudi Arabia pursues economic diversification and sustainable development, the kingdom’s progress on these two fronts requires a reformed education system. In April, Prince...