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Economy

The Breakeven Oil Price Is a Poor Guide to Saudi Arabia’s Fiscal and Oil Production Policies

A thorough analysis of the government budget, debt, and net asset positions is needed to understand the fiscal situation in Saudi Arabia and any implications this may have for oil market policy.

Saudi Energy Minister Prince Abdulaziz bin Salman speaks during the Saudi 2022 Budget Forum in Riyadh, Saudi Arabia, December 13, 2021. (REUTERS/Ahmed Yosri)

A Smaller Saudi Population Puts Key Economic Indicators in a More Favorable Light

Labor market data from the 2022 census is still to be published but once released could have important implications for the central goals of Vision 2030 given the recent large downward revision to population estimates.

Smart and Sustainable: The Gulf Goes All in on Tech Cities

Saudi and Emirati leaders hope smart cities will be the key to advancing their countries’ global status in smart technology and sustainability while also developing the means to diversify their economies away from oil.

Football’s Coming Home: Saudi League and Fan Base Get a Big Boost

The Saudi Public Investment Fund’s recent moves in golf and football showcase Saudi Arabia’s increasing interest in turning sports into a cornerstone of the kingdom’s transformation agenda.

Book Talk – The Economic Statecraft of the Gulf Arab States: Deploying Aid, Investment, and Development Across the MENAP

On June 20, AGSIW hosted a discussion on the economic statecraft of the Gulf Arab states.

People walk outside the Dubai mall, United Arab Emirates, March 29. (REUTERS/Rula Rouhana)

Oman Gets Economic Policymaking Right – For Now

The Omani government deserves credit for sound economic policymaking and reform progress, but the longer-term outlook for the economy remains uncertain.

Is Riyadh’s Mukaab Compatible With Saudi Arabia’s Climate Ambitions?

It is difficult to reconcile Saudi Arabia’s vision for sustainability with The Mukaab in its current form – but it’s not too late for a course correction.

A digital rendering of New Murabba. (Credit: New Murabba Development Company)

With Major Tourism Projects, Saudi Arabia Pushes for Place on Global Tourism Map

Tourism is helping to reposition and reshape Saudi Arabia as it diversifies its economy away from a reliance on oil.