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British report shocking for the Saudi economy: The Golden Age is over and the honeymoon is over
Date: 11/24/2016 10:23
Information / Baghdad ..
British newspaper the Financial Times said on Thursday, said that the honeymoon for the Crown Saudi Crown Prince Mohammed bin Salman ended with the start of a tour harsh reforms in the country, noting that the businessmen in the government was shaken after the recent financial inability to pay the bills owed them.
The newspaper published an article by Simon Kerr called "the end of the honeymoon for the Saudi Emir with the start of a tour harsh reforms in the country," which focused on the problem of unemployment in Saudi Arabia, where he will meet with driver taxi named Ahmed, who traveled to the United States earlier in would Mission Kshan hundreds of thousands of Saudis .
He says Ahmed, who studied mechanical engineering at the United States and spent many years in training, he did not find a job upon his return to Saudi Arabia and was forced to work as a driver taxi illegally at the airport. It is in a state of constant fear of discovery by police and ordered him to arrest and impose a fine of him.
Said Ahmed, 30, said that "the economic situation in the country is bad, there is no job," he said. "All my friends are cursing the government."
Author of the article noted, quoting a Saudi workers in the public sector that "business confidence in the government was shaken after the latter's inability to pay financial bills owed them, and deduct a lot of privileges for public sector employees, as well as the Saudi intervention in Yemen was a very high price, Audi money and men. "
Saudi employee and went onto say that the "golden age already gone," adding that he did not hear any good news from the current government, focusing only the economic situation and the war in Yemen.
The article continued by saying that "there is a state of restlessness of the deteriorating economic situation in Saudi Arabia, which adds more pressure on the crown of Saudi Crown Prince Mohammed bin Salman, who is trying through" Vision 20130 "Finish Saudis's dependence on oil and the development of the private sector to create jobs work for young Saudis. "
Although the Saudis realize the importance of this vision, however, the impact of lower global oil price had a negative effects on the economy in the country.
He says Nasser, a Saudi teacher, in an interview with the author of the article that his monthly salary dropped 7 percent, and become charges $ 1400 per month, and this by the financial cuts that applied to staff in the public sector to provide 27 billion dollars.
The article said that "there are reports that Prince Mohammed to pay around 500 million euros to buy a yacht, which stirred thoroughly by many."
The article concluded by saying that "many wealthy Saudis were taken billions of dollars out of Saudi Arabia after fears of economic conditions in the country." Finished / 25 Z
http://almaalomah.info/2016/11/24/economic/107402
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