Related Articles
Forward article link
Share PDF with colleagues

Refining Saudi Arabia's future

Saudi Arabia is taking the opportunity of collective oil-production cuts to focus on downstream ventures

Sometimes it's the brief, unscripted remark that can shed light on society more than a formal announcement. "We need to develop a savings culture," the head of the Saudi Arabian Monetary Agency (Sama), Ahmed Alkholifey, told an interviewer on stage at the Euromoney conference in Riyadh in May. He was discussing how Saudis would need to adapt to more frugal lifestyles, consuming less fuel, water and electricity, to achieve its Vision 2030. "The savings rate in the kingdom is very low," the head of the Saudi central bank continued. "We are working with the ministries of education and energy to encourage a culture of savings." The question of whether to save has also become the subject of som

Also in this section
Europe to benefit from US exports
22 March 2018
Rising US supplies, expanding European demand and much available regasification capacity should increase liquidity in the Atlantic Basin
LNG hubs—more global, more liquid
22 March 2018
Demand is keeping up with supply. But new flexibility and hubs are changing the trading environment
The Zohr effect
15 March 2018
Hopes are high of fresh finds in the area