Assessments

A 3D logo of Vision 2030 from the obverse side of 200 Saudi Riyal banknote. Facing ballooning costs and questionable viability, Saudi Arabia is scaling back giga-projects like Neom, signaling a new market-driven discipline that nonetheless leaves the state as the primary economic driver.

Facing ballooning costs and questionable viability, Saudi Arabia is scaling back giga-projects like Neom, signaling a new market-driven discipline that nonetheless leaves the state as the primary economic driver.

The Mixed Record of Saudi Arabia's Vision 2030

The Mixed Record of Saudi Arabia's Vision 2030 | RANE

Highlights

Saudi Arabia

Economics

Politics

Saudi Arabia will focus on pragmatic investments in projects in the final stretch of Vision 2030, likely feeding into existing diversification efforts, but this will not be enough to provide long-term stability to the Saudi political economy, leaving Riyadh wedded to an implicit subsidy system that could invite future instability.

ASSESSMENTS

The Mixed Record of Saudi Arabia's Vision 2030

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