GROWING WINDS OF CHANGE IN SAUDI ARABIA THROUGH VISION 2030

Authors

  • M. Ihsan Qadir
  • M. Saifur Rehman
  • S. M. A. Gardezi

Keywords:

Social Reforms, Vision 2030, Economic Diversification, Oil Rents, Saudi Arabia

Abstract

Abstract

Discovery of oil in the Arab peninsula in late 1930s had a pronounced effect on social life in all Gulf States. Saudi Arabia, being the largest country of the Peninsula, started its national journey on 23rd September, 1932 with very limited resources. At   the  end of 19th century as state coffers kept overflowing with Petro dollars. This easy money supported state finances for almost eight decades; however, at the turn of the century, its financial landscape changed. Oil prices remained under pressure for over a decade, negatively affecting Saudi economy and social welfare system. As the cash flows, slowly desiccated, national policy planners were compelled to diversify economy through industrialization and restructuring of Saudi  ‘cradle to grave’ welfare system for resource generation and its better management. It analyses the possibility of success of the strategy stipulating social change due to economic downturn. The  conceived change will be implemented through   Royal Vision during the next decade.

Author Biographies

M. Ihsan Qadir

Faculty member at Defence & Security Wing of Higher Colleges of Technology
(Taweelah Campus) Abu Dhabi.

M. Saifur Rehman

Director, India Study Centre, Institute of Strategic Studies Islamabad and an
expert in International Law, Islamabad

S. M. A. Gardezi

Faculty member at Defence & Security Wing of Higher Colleges of Technology (Taweelah Campus) Abu Dhabi.

Saudi Arabia Vision 2030

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Published

24-08-2020

How to Cite

Qadir, M. Ihsan, M. Saifur Rehman, and S. M. A. Gardezi Gardezi. 2020. “GROWING WINDS OF CHANGE IN SAUDI ARABIA THROUGH VISION 2030”. Journal of Contemporary Studies 9 (1):34-47. https://jcs.ndu.edu.pk/site/article/view/22.