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A New Kingdom of Saud?

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A New Kingdom of Saud?

Brookings Institution,

5 min read
5 take-aways
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What's inside?

Saudi Arabia’s rapid economic transformation could have political consequences.

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Editorial Rating

8

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Recommendation

Allowing women to drive and cracking down on corruption are just the start of a sweeping set of reforms Saudi Arabia’s Crown Prince Mohammed Bin Salman recently announced. Prince Mohammed’s plans could chart a new course for Saudi domestic politics. Yet as Brookings Institution fellow Adel Abdel Ghafar explains, whether the Saudi people will accept the austerity measures that Saudi Vision 2030 necessitates remains an open question. getAbstract recommends this to readers wondering whether Saudi Arabia will be more modern and economically diverse by 2030.

Summary

Saudi Arabia’s new Crown Prince, Mohammed Bin Salman, recently announced the launch of a series of wide-ranging economic, political and social reforms. The overarching goal of these changes, outlined in the document Saudi Vision 2030, is to modernize the kingdom’s economy and society. Low oil prices have caused acute shortages in government revenues of late; thus, Saudi Vision 2030 calls for economic diversification and private sector growth in nonoil industries.

Vision 2030 seeks to grow the economy by increasing foreign investment, promoting tourism and ...

About the Author

Adel Abdel Ghafar is a fellow at the Foreign Policy program at Brookings Institution and the Brookings Doha Center, and author of Egyptians in Revolt: The Political Economy of Labor and Student Mobilizations 1919–2011.


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