Change is In The Future


"When the oil runs out, Saudi Arabia will be history...everybody will up and leave, including the rich Saudi who have homes and investments all over the world".  That's the common rhetoric you hear around the expat traps.  Even I admit to thinking along those lines every now and then.
Well, the oil hasn't exactly run out but the downturn in prices has meant that the Saudi government has, for the past many months, been thinking about their future.  As Saudi's future affects a number of expats, I started a blog post on what I thought should be part of those changes.  The Husband, bless his worried heart, told me not to post it and every now and then because, lets face it, he pays the bills, I heed his advice but given how things seem to be panning out, here's what I wrote all those months ago.

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The Deputy Crown Prince made an announcement the other day that wasn't exactly a surprise given all the debate going on in expat circles - well the ones I move in anyway.  I'm sure there was debate in Saudi circles too, but not so anyone else could hear it because peeps in this part of the world are cautious about exactly what they express and to whom.

And Yes, we all know if Saudi hierarchy had thought about their future years ago when the gravy train was so overloaded with cash that the handful of peeps at the top who had access to it all didn't really know what to do with it so wasted a boatload of it on themselves and their closest relatives, they would be in a much better position now to deal with this little economic hiccup.  But they didn't, so lets move on...

The general consensus is that the government is going to use this little downturn in the oil income to drag this country into the 21st century.  All of it.  All the way.  I'm guessing the young people love this idea. (I have to guess because I haven't actually asked that many young people their opinion, but the ones I know are waiting, expectantly, for things to happen - here's hoping they aren't disappointed).  The old conservative bunch may have to dragged kicking and screaming.

Here's a Bloomberg article on the man charged with guiding and directing the future of Saudi Arabia if you are interested:  The $2Trillion Project to Get Saudi Arabia's Economy Off Oil .

What Saudi don't want, and who can blame them, is a move toward change that will descend into chaos, as has happened with their neighbors.  Personally I don't think young Saudi are at the mass revolution stage.  Restless, yes.  Revolting, no.  The sector that needs to be watched are the old guard and any of their loopy loo friends.  The time is right to make a few adjustments to the way the populace thinks - the modernists will be looking ahead.  The loopy loos will be looking backwards.

Some indications of the changes are already published and if you want to read more about them just google: Future of Saudi Without Oil.

Personally I reckon we'll see:
And those are just some of the things I think might be, could be, should be in Saudi's future if they want to come out on top.   Whatever happens, the future here is going to be an interesting ride.  Everybody, hold tight!



Ka Kite,
Kiwi
 

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