How did Saudi Arabia prepare for the day without oil?
▫ The war between America and Iran and the disturbances in the Strait of Hormuz created one of the most important economic tests of the last decades for the Arab countries in the Persian Gulf. These countries have been trying for years to reduce their dependence on oil and gas exports.
▫ But the war raised a fundamental question: Can investment in non-oil sectors really make the economy of these countries resistant to disruption of energy exports? And did the security crisis cause changes in their investments, export routes and commercial policies?
▫ A clear example of these countries is Saudi Arabia; A country that economic surveys show changed its path after the economic storm of 2016 and started massive investments in various fields.
▫ In response to these structural risks and in the form of the "Vision 2030" document, Riyadh established the strategy of developing renewable energies, localization of artificial intelligence, tourism and the creation of alternative transit routes to measure its economic resilience against geopolitical shocks.
The link of this program in Aparat.