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Saudi Arabia economy

 
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AbeCross



Joined: 21 Jun 2012
Posts: 191

PostPosted: Sat Dec 08, 2018 8:13 pm    Post subject: Saudi Arabia economy Reply with quote

Teachers in KSA have no doubt noticed the steady closure of businesses(stores, eateries, cafes, etc.) in recent months. Efforts at diversification have not achieved very much, so the country remains heavily dependent on oil revenue.
These trends are likely to have pernicious effects on the entire EFL industry-an industry already in decline.
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voyagerksa



Joined: 29 Apr 2015
Posts: 140

PostPosted: Sun Dec 09, 2018 4:09 am    Post subject: Reply with quote

AbeCross wrote:
Efforts at diversification have not achieved very much, so the country remains heavily dependent on oil revenue.


A no-brainer prediction. What do the Saudis have? There is no influx of foreigners for the restaurants and shops and hotels, no service industry potential there. They have nothing in materials, nothing else to sell or provide. Oil never went up very much and is now back down. Laughing .

My question now is, is it getting noticeable that cars are starting to pile up on the streets? I wonder how long before the total collapse?
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TEFL_teacher



Joined: 20 Jun 2013
Posts: 3

PostPosted: Tue Dec 11, 2018 7:56 pm    Post subject: Reply with quote

It's been getting more difficult to fill up with gas at the forecourt. There's usually only one attendant operating four or six gas pumps. I've even seen some of the natives attempting to fill up their own vehicles due to the waiting times at some gas stations.

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My question now is, is it getting noticeable that cars are starting to pile up on the streets? I wonder how long before the total collapse?


You wouldn't be able to leave on final exit with a vehicle still registered on your iqama, although some may choose to abscond using an exit/re-entry visa.
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