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Headline: The quest for economic diversification Source: Euromoney Date: September 2001 Saudi Arabia is in the middle of a second year of strong growth despite the downturn in the global economy, and that growth is no longer solely based on oil. A more vibrant non-oil sector is developing, particularly natural gas, exploration for which should begin next year. Tourism is another area that the government would like to encourage, with substantial investment being put into the sector. However the main challenge remains generating enough jobs for Saudi Arabia’s growing population. |
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