'If Saudi Arabia's economy is to survive the drop in oil price, it must work on diversifying its industry'

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The dilemma is whether to use its wealth to invest around the world or to continue trying to develop new sectors at home in areas where it does not have an obvious natural advantage

 

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The Saudi reforms are meant to diversify their economy.

It needs to democratise in order to develop the skill potential of its people, and get out of the silly arms race. Long overdue.

Do they still stone women to death in Saudi ?

As long as it listens to the US,it does not go anywhere. The United States treats like a colony in Saudi Arabia. Americans are always lying

Saudi Arabia has a strong advantage in a world of high carbon prices: its inexhaustible supply of high-intensity near-continuous solar power, a perfect feedstock for energy-intensive manufacturing industries.

That’s what their sovereign wealth fund is for.

The economy is diversified can't you see that they have implemented sales tax on its' citizens and increase the prices of gas twice within one year by more than double.Facts aside, you can't build an economy run by a family of dictators. Saudi Arabia still lives in the dark ages

Saudi Arabia cannot diversify from a primary resource economy to anything better until it comes out of the Middle Ages. Proper industrialisation needs you to stop treating women like prisoners of their husbands. Discuss.

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