State dominance may lead to Gulf economic crisis
You must be signed in to read this analysis
In this article
- Rent recycling
- State-driven diversification
- Hi-tech deficit
- State employment dependence
- State salaries and consumer demand
- Private sector growth
- The drawbacks of growth
- Private sector potential?
- Political obstacles
- Long-term fiscal threat
What is this?
This article is from the Oxford Analytica Daily Brief, which analyses geopolitical, economic, social, business and industrial developments on a global and regional basis, providing clients with timely, authoritative analysis every business day of the year. Find out more about the Oxford Analytica Daily Brief, or request a trial.
_350.jpg "The headquarters of the mainly state-owned Saudi Basic Industries Corp (SABIC) in Riyadh. (REUTERS/Fahad Shadeed)")