ECONOMICS
TECHNOLOGY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Shar’ia Law, Muslims, and their economy suffering form lack of oil
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Allowing women to drive, desalination plants, and having enough food to feed their people
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Water shortages, food shortages, and poor people taking over the cities in Saudi Arabia
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Diversifying the economy because oil supplies will run out, high unemployment, and unskilled native workforce
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Detailed explanation-1: -The fall in oil prices in 2014 has revived concerns about the economic situation of Saudi Arabia1. Unemployment, fiscal deficit and the transition toward a post-oil economy are the main challenges that the Saudi economy is facing.
Detailed explanation-2: -The plan encompasses areas such as health, a sustainable environment, energy and industrial leadership, and ‘economies of the future’. The aim, said MBS, is to help make the kingdom globally competitive in the years ahead and to strengthen its position as the largest economy in the region.
Detailed explanation-3: -Today, oil accounts for roughly 92% of the Saudi budget. Saudi Arabia is one of the largest producers and exporters of oil in the world. The lucrative petroleum trade fostered sophisticated diplomatic relations between Saudi Arabia and the West, as well as Japan, China, and Southeast Asia.