Navigating Saudi Arabia's Economic Transformation

This chapter examines the heavy reliance of the Saudi economy on oil and the challenges associated with diversifying away from this single commodity. It discusses Vision 2030 and the significant investments aimed at fostering growth in sectors like healthcare and tourism, while highlighting the obstacles posed by political stability and investor confidence. Furthermore, the chapter contextualizes Saudi Arabia's role in the global economy as a G20 participant, detailing the complexities of transitioning to a more diversified economic model amidst fluctuating oil prices and international pressures.