Saudi Arabia, an oil based economy possesses more than a quarter of global oil reserves and has been the largest oil producer for over half a century. Oil exports generate total revenue for the nation's development expenditure in its entirety. But lately Saudi Arabia has acknowledged that the objective of long term economic development cannot be attained by depending on a single source of revenue. Therefore, Saudi Arabia embarked upon a long term economic development planning to reduce this dependence on a single export commodity and to accelerate structural diversification. Structural...
Saudi Arabia, an oil based economy possesses more than a quarter of global oil reserves and has been the largest oil producer for over half a century....
