Abstract
Within the first months of ‘Abdullah’s term as King, the Saudi government pursued a number of policies to improve the Kingdom’s economic profile. Saudi Arabia became a member of the World Trade Organization (WTO) and the limits were raised on foreign stakes in sectors such as banking, telecommunications services, wholesale, retail, and franchising. These reforms were intended to answer the economic priorities of diversifying from dependence on oil revenues, finding jobs for young Saudis, and opening up foreign investment. But they had another function too, one that was more transparent in a centerpiece of the early period of ‘Abdullah’s reign: the establishment of “economic cities” where, freed from the influence of the Wahhabi clerics, Saudis would live, work, and study as productive members of a modern economy.
Original language | English |
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Title of host publication | Kingdom of Saudi Arabia, 1979-2009: Evolution of a Pivotal State |
Subtitle of host publication | MEI Viewpoints Special Edition |
Place of Publication | Washington, DC |
Publisher | Middle East Institute |
Pages | 35-38 |
Publication status | Published - Oct 2009 |
Externally published | Yes |