ECO 301: Saudi Arabia Economic Analysis - GDP, Population, and KBE

This assignment analyzes Saudi Arabia's economic performance and transformation. Exercise 1 focuses on computing Saudi Arabia's GDP and population as a percentage of the world's for the last 30 years, presenting the analysis in graphs and discussing the observed trends. It highlights the impact of oil prices and population growth. Exercise 2 explores Saudi Arabia's transformation into a knowledge-based economy (KBE), defining KBE, discussing related aspects of Saudi Arabia's transformation, and examining the personal and professional impacts of this shift. The solution emphasizes the Kingdom's efforts to reduce oil dependency and foster knowledge production through educational infrastructure, IT hubs, and intellectual property protection, as well as changes in regulations regarding foreign investment. The assignment concludes with a discussion of the influence of these transformations on the student's personal and professional life, especially the increased emphasis on technical education and the development of economic cities.