Saudi Arabia’s small step towards sustainability:
"Reform in Saudi Arabia has always been a delicate balancing act. Concessions to liberals have tended to be matched by those granted to conservatives in the religious establishment, on whom the al-Saud royals have relied for their legitimacy since the founding of the kingdom in 1932. The ambition with which the crown prince and de facto ruler, Mohammed bin Salman, is seeking to wean the country off its oil dependency and shake up its ultra-conservative social mores represents therefore a radical departure. This was becoming increasingly necessary. The economy fell into recession in 2017, contracting by 0.5 per cent because of lower oil output and weak confidence in the private sector, which has been hit hard by the slowdown. Similar slumps in the oil price also triggered talk of change in the past, only for grand aspirations to be forgotten when prices rebounded."
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