Economic Development in Saudi Arabia pdf

Founder of the Islamic finance programme at Durham University where he continues to be an Emeritus Professor. Visiting Professor at the Qatar Faculty of Islamic Studies and Adjunct Professor at the International Centre of Education in Islamic Finance (INCEIF), Kuala Lumpur. Served as advisor on Shari’ah governance to the Islamic Financial Services Board, Kuala Lumpur, (2007-9). Advised the Central Bank of Qatar on monetary policy and prudential ratios, (2009-10). Undertook a project for African Development Bank on the status and potential for Islamic finance in North Africa, (2011). Working on capital markets in North Africa for African Development Bank. Wrote 12 books and over 40 articles.

Economic Development in Saudi Arabia pdf by Rodney Wilson

The changing political situation in the Middle East poses challenges for the economies of the region, and some see none more vulnerable to collapse than Saudi Arabia's. Yet as this study demonstrates, the fundamentals of the kingdom's economy are relatively robust, as over two thirds of GDP is accounted for by the non-oil sector, and impressive modern industries have been established notably in petrochemicals. The financial system functions well, and despite substantial government debts, there is low inflation and currency stability. The private sector increasingly drives the economy, although job creation has been insufficient to prevent rising youth unemployment. The development challenges Saudi Arabia faces are similar to those of other middle-income countries, and three decades of diversification have made the economy less unique than it was in the oil boom years of the 1970s.