Economic diversification in Saudi Arabia: The need for improving competitiveness for sustainable development

M. Sadiq Sohail

doi:10.1007/978-1-4614-1611-1_12

Economic diversification in Saudi Arabia: The need for improving competitiveness for sustainable development

M. Sadiq Sohail^*

^*Corresponding author for this work

Department of Management and Marketing

Research output: Chapter in Book/Report/Conference proceeding › Chapter › peer-review

7 Scopus citations

Abstract

Since the discovery of oil in 1938 and the creation of the petroleum industry, oil has continued to make a profound impression on the economy of Saudi Arabia. Structural changes in the economy were, however, underway even before the oil discovery since 1930 when the founder of the modern state of Saudi Arabia, King Abdul Aziz Al-Saud, set about to transform the traditional economy of Saudi Arabia into a modern state (Booz 2008; Abdelrahman 2001). The economic philosophies of successive rulers have not changed since the reign of King Abdul Aziz Al-Saud, although the economic role of the government has been increasing enormously.

Original language	English
Title of host publication	The GCC Economies
Subtitle of host publication	Stepping up to Future Challenges
Publisher	Springer New York
Pages	147-156
Number of pages	10
ISBN (Electronic)	9781461416111
ISBN (Print)	1461416108, 9781461416104
DOIs	https://doi.org/10.1007/978-1-4614-1611-1_12
State	Published - 1 Nov 2012

Bibliographical note

Publisher Copyright:
© Springer Science+Business Media New York 2012. All rights are reserved.

ASJC Scopus subject areas

General Social Sciences

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

Access to Document

10.1007/978-1-4614-1611-1_12

Cite this

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Economic diversification in Saudi Arabia: The need for improving competitiveness for sustainable development

Abstract

Bibliographical note

ASJC Scopus subject areas

UN SDGs

Access to Document

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Cite this