How Saudi Arabia Is Building The Future
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Saudi Arabia is already a well-developed country, but it also has a focus on continued development. As such, it is building a future for its millennial population and beyond, that will look far different from its past.
One of the reasons for this is the changing world economy, that is demanding that Saudi Arabia move toward a time when oil is less of a factor in economic development and strength. But it is not just about oil.
Technology, human rights, economic diversification, and other areas all come together to create change.
With that change occurring in other countries, and with Saudi Arabia desiring to stay updated and relevant in the global business world, it is clear that adjustments need to be made. Fortunately, this is not an area where Saudi Arabia is lagging behind.
The country has a strong concept of what needs to be changed, and how that change needs to take place, in order to advance its goals for the future.
From reducing its economic reliance on oil production, to moving into the tech market, Saudi Arabia is moving forward with its plans.
A Future Without Oil Dependency: (01:07)
When most people think of Saudi Arabia, they think of the Middle East and oil production. They might not know much else about the country, unless they have lived there or visited.
But Saudi Arabia is much more than oil -- and it is working toward a reduction of the value of oil in its economy.
Diversification of the Economy: (03:56)
One of the ways that the country is going to move into a future that is far different from its past or current state is through a lack of reliance on oil, but that is not the only area in which Saudi Arabia is looking to make changes.
Diversifying their economy also means taking on other areas where they can advance, and where they can work with other countries to enhance trade and further their development.
Tech Values and Liberation: (06:05)
Part of the allure of The Line, and the Neom project overall, is the liberal value system on which it will be based. It will be an independent zone, with social norms and regulations that are all its own.
While it may be partially based on the desire for a reduction in oil dependency, it is also based on much more. One of the goals of the city will be to attract top talent, and make the area a hub for creativity, innovation, and trade.
A Focus on the City of the Future: (08:22)
Much of Saudi Arabia remains unchanged at the moment, but there is a lot taking place behind the scenes. The Neom project may sound like just one small area of development, which will not change the country in any appreciable way.
However, it is the scope of the project that is worthy of note. Additionally, the project's development will prompt other innovation throughout the country, which will add to the liberal values, technological development, and reduced dependence on oil that is the focus of The Line.
It remains to be seen whether Saudi Arabia's dream of The Line and the Neom project will come to pass, or whether there will be delays, reductions, or other issues. Still, it appears that the project is currently on track, and the Crown Prince is dedicated to the goals and plans the country has for the future
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