Saudi Reforms: Developing Tourism to Minimize Dependency on Oil and Its Impact in the Society

Masood Ahmed

doi:10.20944/preprints202101.0072.v1

Preprint Article Version 1 Preserved in Portico This version is not peer-reviewed

Version 1 : Received: 4 January 2021 / Approved: 5 January 2021 / Online: 5 January 2021 (10:28:29 CET)

Many countries are raising questions on the intentions behind Saudi reforms. The low oil prices in 2008-09 were the awakening call for Saudis, and later in 2014, it became the reason to look for the economy that is less dependent on oil. The article studies the initiated social reforms and social impact of foreign cultural activities. It scrutinizes the Saudi social fabric under the social exchange theory and looks for the positive and negative effects of cultural exchanges. The paper also considers the COVID-19 situation in KSA as it has broken the chain of cultural events planned all over the country to promote tourism and improve the image of KSA.

Employment; Governance Indicators; Oil Economy; Reforms; Welfare

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Saudi Reforms: Developing Tourism to Minimize Dependency on Oil and Its Impact in the Society

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