Saudi Reforms For A New Economy As The Trifecta Strategy Rolls On

Saudi Reforms For A New Economy As The Trifecta Strategy Rolls On

A flurry of change has been happening in Saudi Arabia. Efforts to adjust the country’s energy consumption and production were revealed last year. This year, the Kingdom is making moves to diversify its economy and create more growth outside the energy industry. These shifts have been paired with a recent and signifi cant restructuring of government ministries. In light of the “Saudi Trifecta” – the Riyadh-led strategy to maintain low oil prices to help get geopolitical containment in the Middle East – the country has decided now is the time for major structural changes to its economic and political norms so that the country can lean less heavily on hydrocarbon production.

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