(Source - Pexels)
The Saudi economy is currently stuck in a very sticky situation. Depressed oil prices have caused the country's economy to slow dramatically and have forced its government to drastically increase borrowing. To make the situation worse, the country is currently engaged in military conflict in Yemen and the potential for conflict with Iran seems to be rising by the day.
The Saudi monarchy has the primary goal of diversifying its economy beyond oil. Indeed, if they stay reliant on oil and prices remain depressed, the country's high-cost economy could collapse. The