Country Brief - Saudi Arabia 2017

Country Brief - Saudi Arabia 2017
PRICE: US$240.00
Publication Date:

May, 2017

Edition:

1

Number of pages:

34

Type:

Downloadable PDF

Document ID:
PROD70516
Country Brief - Saudi Arabia 2017
Country Brief - Saudi Arabia 2017
Country Brief - Saudi Arabia 2017

The outlook for Saudi Arabia remains relatively strong in the short to medium term in spite of the risks posed by regional conflict. Oil prices are stabilising and the government has eased up on austerity measures taken in 2016, although growth may be low due to reduced oil production. The Kingdom continues to push ahead with policies designed to diversify the country’s economy and improve human capital, while partly protecting households from feeling the pinch of falling oil prices. Yet further-reaching and more dramatic reforms may be necessary to ensure long term growth, including labour market reforms that can secure the full participation of Saudi females. The large, young population has become well educated and the main issue now is in ensuring that graduates’ skills and attitudes match the needs of industry and that industry can create the jobs and working environment needed by young graduates. As it pushes ahead with diversification, the government continues to prioritise higher education and technical and vocational education as areas for national and international investment, although it has scaled back its support of overseas scholarships. It remains among the highest spenders on education in the world.

Education Intelligence products