New Saudi Arab
Saudi Arab, which was considered to be a very conservative muslim state is now appears to be changing
One can find a good Friday woman wandering as freely as men. Couples stroll along to gather or sit side by side in restaurants. Cinema is now screening Arabic and Hollywood films. Women's driving school started operating. This has created new jobs in the Cinema and driving school. This is happening because of decades of efforts made by Crown Prince Muhammad Bin Salman. He is also trying to see that the economy is less dependent on oil.
The Crown Prince planned to invest about 900 billion dollars in the most modern city by 2030 in Saudi Arab. They have planed ski village overlooking desert and to build 50 luxary hotels along the red sea. There will be world tollest building in capital Riyadh.
The expansion of personal freedom and some of social reforms have increase the Economic activities. Women work force has also increased up to 36%. It has increased the household incomes. State is also promoting the Sports and Entertainment Industries. Even Retail and Hopitibility Industries also has grown due to reforms . The Tourism has also developed in Saudi Arab.
Oil is still account the mejor export earnig commodities for Saudi Arab but it has fallen from 36%of GDP to 26% in the last year. This shows the growth of other indudtries.It is said that when Social changes take place fast the Economic retructureing takes longer.
However good amount of investments are now flowing into the Mining Industries, wherein Boxite and Gold Reserves are being explored.
In short, all credit goes to the leadership of the Crown Prince who brought all Reformist Changes in Saudi Arab.
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