Saudi Arabia: Maintaining the Vision
While COVID-19 cases across Saudi Arabia have been decreasing sharply since the summer, the kingdom's economic recovery is expected to be gradual, given that downside risks continue to prevail. This week, we discuss the trajectory for Saudi Arabia's recovery, focusing on:
- The fiscal measures and reform plans of the government's Vision 2030 strategy.
- The role of economic reforms in preventing the kingdom from taking more austere measures and turning the non-oil sector into the main revenue source for the first time.
- The expectations for the government to shift its role from being the main provider of services to using investment power to create a diversified and productive economy.
- The opportunity provided by the G20 summit for the kingdom to showcase and endorse its reform progress.
Florence Eid-Oakden, Ph.D, Chief Economist
Ghalia Al Bajali, Analyst
The Country Views series shines the spotlight on specific developments in MENA countries, analysing them from a local perspective to deliver forward looking views for businesses and investors.
To access this report, please click here.