 IntroductionJ. W. Wright
A chapter in Business and Economic Development in Saudi Arabia, 1996, pp 1-6 from Palgrave Macmillan Abstract: Abstract The discovery of oil in the 1920s in the Kingdom of Saudi Arabia resulted in a race towards modernisation that was more rapid than any seen outside the Arabian Gulf region. Few economies have witnessed such accelerated economic growth as that caused by infrastructure construction and chattel procurement during the second and third Saudi Five Year Development Plans. As a result the Kingdom’s ports and airports are now among the largest in the world, its road and transportation systems are comprehensive, and its industrial base, particularly the newly constructed facilities in Yanbu and Jubail, is state-of-the-art. Numerous agencies for the development of new businesses are attempting to distribute capital to every sector of the economy. Elaborate university and college systems are educating Saudi citizens in a broad range of disciplines, and thousands of local schools and training programmes are facilitating the transfer of technology to the economy’s private and public sectors. Keywords: Private Sector; Saudi Arabia; Business Owner; Business Development; Arabian Gulf Region (search for similar items in EconPapers) There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-25096-7_1 Ordering information: This item can be ordered from DOI: 10.1007/978-1-349-25096-7_1 Access Statistics for this chapter More chapters in Palgrave Macmillan Books from Palgrave Macmillan |
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