SAUDI ARABIA- PROSPECTS OF CHANGE

Topic area3

Introduction to the subject4

The current state of Saudi economy4

The rising of niches in Saudi Arabia6

The power of social and digital media; a look at the Arab spring6

The main idea behind the topic8

Literature review9

Previous researches9

The culture and people of Saudi Arabia9

Technological development12

The knowledge gap13

The research question13

Methodology15

Secondary research15

Rationale for choosing the methodology16

Research design17

Search technique18

Bibliography19

Introduction

Topic area

The area of the topic is extremely important since it focuses the centre of the Arab faith, so as to evaluate and analyze the picture of the prevailing conditions of Saudi Arabia along with its role in the modern world. The paper evaluates the probability of the development of the Saudi Arabian economy due to the changing role of the public in general and niches in particular. The idea does not focus upon the revolution, but rather, investigates the total cluster of probabilities that are shown by the change of the societal development embracing the development of lower niches that are particular about the foundation and development of a progressive society and economy for the centre of Hijaz.

The topic demonstrates the empowerment of niches due to their ownership in the economic resources of the country, as well as, the focus of the area upon entire development and reformation through utilization of these resources. Saudi Arabia is going through the change of the ownership of the resources, and it needs colossal direction and development of the fair and free system that generates a mechanism of progress for the country. The topic deals with a direct relationship between Saudi Arabia economy, as well as, the rise of niches and their empowerment.

The picture is totally different from that prevailed in the history of the country. it focuses upon the idea of several probabilities that could give the country another rise, and therefore, a well-developed and coordinated picture is further delivered to be monitored through a more appropriate and sensible measure. It looks into alignment of such possibilities with a series of techniques that could further enhance the economic direction in general and the idea behind in particular.

Introduction to the subject

The current state of Saudi economy

Saudi Arabia's economy searches set for a time of supported development, with oil incomes remaining towering, non-hydrocarbons trades on the ascent and the impacts of an enormous venture program by the state beginning to break in.

Gauges change as to the rate at which the Saudi economy will grow in the not so distant future, with the International Monetary Fund (IMF) imagining GDP will climb by 6.5%, while some nearby masters put the figure at close 7.5%, to some extent determined by higher income from oil sends out and expanded state using on lodging and foundation improvements.

Oil creation has expanded lately, with Saudi Arabia increase yield to 8.96m barrels for every day (bpd) in May as per Opec information, with a normal of 6.84m bpd being traded, up by 1.2% on the April aggregate. Because of current circumstances, and with the present cost of Brent unrefined on the ...