Subject category:
Economics, Politics and Business Environment
Published by:
Harvard Business Publishing
Version: 10 September 2021
Revision date: 30-May-2023
Length: 34 pages
Data source: Published sources
Abstract
Saudi Arabia's King Salman faces several challenges, both domestic and foreign. Domestically, he need to build the country's economy to accommodate a 'youth bulge' while balancing between liberals and conservatives. And he needs to diversify the economy away from its reliance on oil. Internationally, he must cope with the Arab Spring, with war in Syria and Yemen as well as the threats from Iran and ISIS and continuing friction between Palestinians and Israelis. The key to these issues is Vision 2030 - the plan his son, the Crown Prince, has introduced and begun implementing.
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Abstract
Saudi Arabia's King Salman faces several challenges, both domestic and foreign. Domestically, he need to build the country's economy to accommodate a 'youth bulge' while balancing between liberals and conservatives. And he needs to diversify the economy away from its reliance on oil. Internationally, he must cope with the Arab Spring, with war in Syria and Yemen as well as the threats from Iran and ISIS and continuing friction between Palestinians and Israelis. The key to these issues is Vision 2030 - the plan his son, the Crown Prince, has introduced and begun implementing.
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