Saudi Oil Story: From Crude Dependence to Economic Diversification
For decades, the global identity of Saudi Arabia has been inseparable from oil. The Kingdom sits on some of the largest petroleum reserves in the world, and for much of the 20th century its economy revolved almost entirely around crude oil production and exports. However, the Saudi economic story is no longer just about oil wells and pipelines. In recent years, the country has been steadily working to transform its economy, moving from heavy dependence on crude oil toward a more diversified and sustainable economic model.
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