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Anatomy of the Saudi Economy

In: Saudi Government Revenues and Expenditures

Author

Listed:
  • Abdulaziz M. Aldukheil

Abstract

The Saudi economy is large in size but simple in structure. It is best described as a government economy within the frame of a market economy. The government owns and manages the oil and gas sector, the principal driver of the economy. The government provides a variety of public goods and services, including education, healthcare, housing, utilities, loans, subsidies, etc.1 Moreover, the government owns major equity shares in private sector mega joint-stock companies, such as the Saudi Basic Industries Corporation (SABIC) and the Saudi Electricity Company (SEC).2

Suggested Citation

  • Abdulaziz M. Aldukheil, 2013. "Anatomy of the Saudi Economy," Palgrave Macmillan Books, in: Saudi Government Revenues and Expenditures, chapter 0, pages 7-22, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-137-34292-8_2
    DOI: 10.1057/9781137342928_2
    as

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