ABSTRACT

This chapter is based on research that considered private-sector-led development as an alternative strategy for economic growth and development in the context of the Saudi Arabian economy, through the views of the private sector. Thirty leading Saudi businessmen were interviewed during 1999, and their responses provide the key findings of this investigation. Since the mid-1980s Saudi Arabians have expressed a desire for the private sector to play the leading role in the economy, with the government playing a supportive one by providing a positive environment for private-sector activity. Up to the present the government has played the central role in the economy as the oil revenue has accrued directly to the authorities. The research focused on analysing the potential for private-sector development.