These remarks were delivered on April 19, 2018 at the International Oil Summit in Paris by AGSIW Board Member Ibrahim Al-Muhanna.
Grand reform plans underway in the Gulf region, typified by Saudi Arabia’s National Transformation Program and Vision 2030, give an impression of fast movement.
Though the Oil Link may be broken, the United States and Saudi Arabia remain linked by economic and investment ties, energy markets and a shared interest in global economic stability.
Saudization, or the reservation of certain jobs and sectors for Saudi nationals, is part of the government’s effort to transform its private sector.
Since the opening of the Kuwaiti Parliament’s current session on December 19, 2017 opposition members of parliament have moved aggressively to stymie the government’s austerity agenda.
Discussions between Amazon Web Services and Saudi Arabia to establish a direct presence in the country forecast a broader commercial struggle for control over the e-commerce market in Gulf Cooperation Council countries.
Social and Economic Transformation in the Gulf Has Already Begun, but It Remains in Its Early Stages
It is increasingly clear that energy resources and revenues alone cannot sustain Gulf Arab economies and societies for the long term.
The arrests of 11 princes and numerous prominent political and business personalities in Saudi Arabia this week might best be described as a frontal attack on the existing order of business among Saudi elites.
Through its careful examination of the forces shaping the evolution of Gulf societies and the new generation of emerging leaders, AGSIW facilitates a richer understanding of the role the countries in this key geostrategic region can be expected to play in the 21st century.Learn More