LO's Chaar on KSA's Non-Oil Economy Expansion

The video discusses the economic outlook for Saudi Arabia and the UAE, focusing on non-oil revenue growth, financial conditions, and demographic challenges in Saudi Arabia, as well as non-oil economic growth and reforms in the UAE. It highlights the need for economic diversification, the role of the PIF, and the impact of demographic changes on employment. The UAE's efforts to attract foreign investment and manage real estate oversupply are also examined.

What measures have been implemented in Saudi Arabia to boost non-oil revenues?

• Increase in oil production

• VAT hikes and asset privatization

• Reduction in public spending

• Introduction of new taxes on exports

How does the domestic financial condition in Saudi Arabia support non-oil economic activities?

• Through credit availability and stable monetary policy

• Through foreign investments in oil sector

• By reducing interest rates

• By increasing oil exports

What is the role of the Public Investment Fund (PIF) in Saudi Arabia's economy?

• To support economic diversification

• To control inflation

• To regulate foreign trade

• To manage oil reserves

What is a major demographic challenge facing Saudi Arabia?

• Increasing emigration

• Declining birth rates

• High unemployment among youth

• Aging population

What is a key strategy for Saudi Arabia to manage its young population entering the workforce?

• Increasing oil production

• Focusing on education and diversified economic activities

• Encouraging emigration

• Subsidizing living costs

What is a significant issue in the UAE's real estate market?

• Shortage of skilled labor

• Lack of construction

• Oversupply of properties

• High demand for housing

What recent reform in the UAE is expected to drive economic growth?

• Limiting foreign ownership in businesses

• Allowing 100% foreign ownership of businesses

• Increasing tariffs on imports

• Reducing tourism activities