“Industry 4.0” and “Vanity Projects” as Means to Diversify an Economy: The Case of Saudi Arabia’s NEOM

Nedelcu Mihai Răzvan
Additional contact information
Nedelcu Mihai Răzvan: Academia de Studii Economice din Bucureşti

Revista OEconomica, 2022, issue 03-4

Abstract: This paper’s aim is to analyse the economic prospects of adopting certain Industry 4.0 elements in the economies of the Gulf States, focusing on Saudi Arabia and its megaproject entitled “NEOM”, part of the country’s “Vision 2030”. Due to the volatility in oil prices around the world, the Gulf States are actively promoting ways to diversify their economies and to become less reliant on the natural resources.

Keywords: Fourth Industrial Revolution; economic development; sectoral diversification; culture; sustainability; automation; connectivity (search for similar items in EconPapers)
JEL-codes: O14 O33 Q57 Z18 (search for similar items in EconPapers)
Date: 2022
References: Add references at CitEc
Citations:

Downloads: (external link)
http://oeconomica.org.ro/abstract/620/-Industry-4- ... ify-an-Economy-.html (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:oen:econom:y:2022:i:03-4:id:620

Access Statistics for this article

More articles in Revista OEconomica from Romanian Society for Economic Science, Revista OEconomica Contact information at EDIRC.
Bibliographic data for series maintained by Octavian Jora ().