Aramco and Gulf Wealth De-distribution
Saudi Aramco Total Refining and Petrochemical Company (SATORP), in Jubail on the east coast of Saudi Arabia.

Aramco and Gulf Wealth De-distribution

https://islamicmarkets.com/articles/aramco-and-gulf-wealth-de-distribution
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In a recent interview with the Economist, Saudi Deputy Crown Prince and head of the Supreme Council of Aramco Mohammad bin Salman noted that the government was considering a partial privatization of the state oil company, with a decision to be made in the next few months.

While this may at first appear to be another move to plug the budget deficit as low oil prices persist, analyzing the shifting structure of the Saudi economy and society point to slightly different drivers.

Saudi Arabia, in common with its Gulf neighbours, has for decades been a society reliant upon foreign labour and hydrocarbon receipts. This has enabled the rulers to have a social contract with the populace wherein the state offers a level of employment surety through the public sector and benefits...