The Saudi Vision 2030 is a plan to diversify the economy and develop sectors such as education, infrastructure, and tourism. The government encourages private investment in transportation and renewable energy. It emphasizes economic and investment activities and increasing non-oil industry trade between countries. What would be the role of FDI (Foreign Direct Investment) to achieve the aims of the Saudi Vision 2030; what might be some challenges with Vision 2030 that Saudi Arabia faces?
Search the Internet for an academic or industry-related article. Select an article that relates to these concepts and explain how it relates to doing business in Saudi Arabia.
For your discussion post, your first step is to summarize the article in two paragraphs, describing what you think are the most important points made by the authors (remember to use citations where appropriate). For the second step, include the reference listing with a hyperlink to the article. Do not copy the article into your post and limit your summary to two paragraphs. Let your instructor know if you have any questions and enjoy your search.
You are required to reply to at least two peer discussion question post answers to this weekly discussion question and/or your instructor’s response to your posting. These post replies need to be substantial and constructive in nature. They should add to the content of the post and evaluate/analyze that post answer. Normal course dialogue doesn’t fulfill these two peer replies but is expected throughout the course. Answering all course questions is also required.
- Chapter 16 in Foundations of Finance – International Business Finance
- Alfalih, A. A., & Bel Hadj, T. (2020). Foreign direct investment determinants in an oil abundant host country: Short and long-run approach for Saudi Arabia. Resources Policy, 66.
- Engel, C., Lee, D., Liu, C., Liu, C., & Wu, S. P. Y. (2019). The uncovered interest parity puzzle, exchange rate forecasting, and Taylor rules. Journal of International Money and Finance, 95, 317-331.
- Lothian, J. R. (2016). Purchasing power parity and the behavior of prices and nominal exchange rates across exchange-rate regimes. Journal of International Money and Finance, 69, 5-21.