The Month That Shook Saudi Economy Just the Start of a Long Slog - Bloomberg:
It was a sharp descent for Rakan Al-Ghalayini.
A graduate of Northeastern University in Boston who moved back home to Saudi Arabia, he just found work at the start of 2020 in the kingdom’s new entertainment industry, booming at the time under plans to reinvent the oil-based economy.
But in March, as the pandemic struck and the oil market went into meltdown, the crisis obliterated his job of bringing in hundreds of guests for Saudi Arabia’s first international film festival. The event was indefinitely postponed, along with all the others he’d hoped to work on -- leaving him unemployed, again.
“My future looked bright after a year of not working,” said Al-Ghalayini, 26. “What do I do now? Back to square one?”
It was a sharp descent for Rakan Al-Ghalayini.
A graduate of Northeastern University in Boston who moved back home to Saudi Arabia, he just found work at the start of 2020 in the kingdom’s new entertainment industry, booming at the time under plans to reinvent the oil-based economy.
But in March, as the pandemic struck and the oil market went into meltdown, the crisis obliterated his job of bringing in hundreds of guests for Saudi Arabia’s first international film festival. The event was indefinitely postponed, along with all the others he’d hoped to work on -- leaving him unemployed, again.
“My future looked bright after a year of not working,” said Al-Ghalayini, 26. “What do I do now? Back to square one?”
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