Saudi Arabia is currently in a very bad place economically, can you list the top 3 reasons that lead to the stress that their economy is facing?

Question

Sherjeel Khalid · Answer

1. Relies on oil, unable to start/focus on another industry

2. Public and now Private sector decision making is left to Saudis only

3. Hiring is relationship based, not skill based

Muhamamd Zahid Ullah Khan Khan · Answer

1.Low prices of Oil

2. decrease in construction

3. Overwhelming rate of foreign workers

Utilisateur supprimé · Answer

Economic has taught us well that every recession will be followed by a "Boom".

Regarding to the question above:

01- The one resource economy "oil"

02- The Geopolitical situation.

03- The new Saudi Government Era "2030".

umar mumtaz · Answer

-dependent on oil industry 
-lake of internal skilled labour i.e. import from other countries 
-lake of investing on productive purpose

Wasif Mehmood · Answer