How has saudi arabia set up private enterprise over the last 30 years

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Social Studies

Genevieve Combs

18 November, 20:45

How has saudi arabia set up private enterprise over the last 30 years

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Gunner Daniel · Answer 1

It set up private enterprises over the span of 3 decades by giving the government control over Oil as their most important resources.

The government then will auctioned which private enterprises could and could not exploited the oil resource in their country (but most of them who can usually had a really strong connection with the government.)