Signs That Economic Diversification Is Working in Saudi Arabia
Saudi Arabia’s economic diversification plans are showing signs of progress, although the economy remains heavily reliant on oil.
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Major Initiatives Fuel Riyadh’s Development Ambitions
Riyadh has charged back into the development limelight in recent months, highlighting the capital’s central role in Saudi Arabia’s ambitious economic transformation agenda.
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Public-Private Partnerships in AI Emblematic of Saudi Efforts to Fulfill Ambitious Vision 2030 Goals
For Saudi Arabia, PPPs represent a critical means to accelerate major projects and attract investment, but they may highlight weaknesses, such as workforce limitations and lack of expertise to execute certain goals.
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Improved Fiscal Outlooks Renew Focus on Gulf Economic Diversification Efforts
The financial windfall from oil and gas exports may boost regional officials’ ambitious economic diversification plans but doesn’t make them foolproof.
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Khashoggi Death Looms over Saudi Economic Reform Agenda
While pursuing long-term economic reform and diversification, Saudi Arabia needs to show that the kingdom is an attractive, business-friendly place; yet recent moves have worried investors over the business environment, and raised some concerns over the impact on oil policy.
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B Corps in the Gulf: There Should B More
In the Gulf Arab states, a region with a population of over 50 million, there is only one B Corp. Luxembourg, a microstate with fewer than 600,000 people, has two.
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Saudi Economic Reform Update: Saudization and Expat Exodus
Saudization, or the reservation of certain jobs and sectors for Saudi nationals, is part of the government’s effort to transform its private sector.
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UAE Security Forum 2017: Defense Industry and Economic Diversification
On December 6, 2017, the Arab Gulf States Institute in Washington partnered with Raytheon to host the second annual UAE Security Forum.
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Boutiqaat: Creating a Social Commerce Market in the Gulf
Social commerce is a new phenomenon. In “The Social Commerce System,” it is defined as “the expansion of e-commerce in the social networks on the Internet, in which social factors are significant, and consumers use the right to create content through the media via forums, ratings, reviews, and recommendations on different platforms.” At its core, Boutiqaat is similar to other e-commerce platforms such as Amazon, Alibaba, and Souq.
For the OPEC+ Oil Producers, a Year of Caution Paid Off
As 2024 comes to a close, oil markets remain under a cloud of uncertainty shaped by geopolitical risks, weaker-than-expected Chinese demand, and an evolving energy transition landscape.
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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.
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