Teachers and Students > Debates
Dubai style growth or Saudi style of economic growth
Freaked12:
Which do you prefer.
Discuss discuss ;D
Saudi Arabia’s economy has changed a lot over the last few years, in terms of size and capacity. Back in 2003 it was a $213 billion economy, today it has more than doubled. Few countries have the ability to double in size in the space of six years. Within the same period, however, the country’s actual budget has grown from $69 billion to $170 billion, a near threefold expansion. As per capita incomes shrink in many euro zone economies, Saudi Arabia since 2003 had been able to nearly double its own.
In 2005, the education budget of Saudi Arabia amounted to SR70 billion, in the 2011 budget it amounts to SR150, an increase of more than 100 percent.
Taken from arabnews
$tyli$h Executive:
Dubai style. ;)
The Golden Girl =D:
I was going to say that same but We Need to Obviously explain -.-
$tyli$h Executive:
Personally I don't like the attitude of some of the people of KSA when it comes to this issue.
They blame Dubai's growth is due to "Zionist principles and system".
This is obviously short sighted.
Will elaborate later
Freaked12:
Why do you prefer Dubai instead of Saudi Arabia.
Their growth has resulted in billions of dollars worth of debt, it is so lucky to have Abu Dhabi as its Sugar Daddy.
Mean while Saudi Arabia is being more cautious. Benefits you can see if you come to Riyadh Jeddah or Khobar.
Third highest foreign reserves in the world, with 175 billion Saudi riyals allocated to education alone along with doubling of per capita in just seven years etc etc.
And if you compare it's size and population with UAE, it is nothing short of a miracle.
8 Economic cities are being developed through out the country and 3 of them are like in literal sense Cites.
My dad is working on a project as well in King Abdullah economic city and if this city is completed successfully it will be a pride to both the Saudis and muslims world wide.
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