[The Diversification of Saudi Arabia's Economy]

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Acknowledgement

I would take this opportunity to thank my research supervisor, family and friends for their support and guidance without which this research would not have been possible.

DECLARATION

I, [type your full first names and surname here], declare that the contents of this dissertation/thesis represent my own unaided work, and that the dissertation/thesis has not previously been submitted for academic examination towards any qualification. Furthermore, it represents my own opinions and not necessarily those of the University.

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Abstract

This sutdy review different aspects of Saudi Arabia economyand economic growth. The study will focus primarily on petroleumsectors as this country depend on its crude lot.the study discussed the different scenarios that the effects of economic growth in Saudi Arabia. The non-oil economy will undoubtedly have some effect that will take some time. Government expenditures have become the place to align the oil exports of cars, so the excess oil present and drop the income of Saudi Arabia are not likely to become slower growth of non-oil revenues.

Table of Contents

ACKNOWLEDGEMENT2

DECLARATION3

ABSTRACT4

THE DIVERSIFICATION OF SAUDI ARABIA'S ECONOMY7

CHAPTER 1: INTRODUCTION7

Study Background7

Problem9

Research Goals and Objectives9

Justification / Nature Study10

Research Questions10

Chapter Summary11

CHAPTER 2: LITERATURE REVIEW12

Diversification - marks spot12

Diversification benefits12

challenges of diversification13

Current attempts to diversify Saudi economy14

Qatar and UAE - attempts to diversify14

Design and development of government spending16

Determinants of Private Investment in Saudi Arabia17

Saudi strategy of long-term development21

Preferences of government's development strategy in short term23

Interaction with private sector26

Chapter Summary27

CHAPTER 3: METHODOLOGY28

Research Design28

Literature Search28

Research philosophy29

Types of research29

Information Resources30

Resources30

Keywords31

Research participants31

Interview Questions31

Sampling and sample size32

Time scale32

Ethical Considerations32

CHAPTER 4: DISCUSSION AND ANALYSIS34

Growth Mechanisms36

Empirical Formulation Of Theory Of Export Base37

CHAPTER 5: CONCLUSION45

REFERENCES47

The Diversification of Saudi Arabia's Economy

Chapter 1: Introduction

This study examines advantages of diversifying economy of Saudi Arabia. With present tendency in the direction of globalization, affray amidst businesses, commerce and economies have intensified to boost market share in international economy and appealing capital from investors round world. Trademark or territory has become commonplace as government's yearn to task economy as favorable to enterprise buying into and tourism. It is in this context that require to diversify Saudi economy will be investigated to enquire promise advantages to be accomplished from diversification and focus foremost obstacles that may originate on road. In specific, deep influence of heritage and belief in Saudi economy will be taken into account in formulating recommendations on how thriving diversification can take location while bypassing obstacles and likely handicaps that arrive with diversification.

 

Study Background

Being one of most significant OPEC constituent, Saudi Arabia is renowned to be world foremost in output of oil output of round 10.78 million barrels of oil the day. oil part for almost 80% of government allowance incomes, 45% of GDP and 90% of trade items earnings. Important assistance of oil part in economy has permitted economy of Saudi Arabia to sustain the GDP that ranks as biggest economy of 23 in world with the GDP assessed at 585.8 billion U.S. dollars (CIA, 2010). For this cause, economy has outperformed its friends in Gulf region.

Despite outstanding outcomes in periods of GDP, benchmark of dwelling and ...