Case ID: 702031     Solution ID: 32359

Saudi Arabia Getting the House in Order Case Solution

Abstract

This case provides a vehicle for exploring the Islamic development and the recent political issues in light of BGIE; Business, Government and International economy. Time set in the early 2002, the case focuses on the tremendous efforts made by Crown Prince Abdullah to liberalize his failing rentier state that has been excessively dependent on petroleum. Interestingly, the chain of these events took place during the highly sensitive time of Sep 11’01, when the Muslims were specifically in the limelight of politics and extremism. Moreover, it was only recent that the Palestinian intifada took place. In the wake of such disturbing events for the Islamic states, OPEC desperately attempts to reduce the oil prices by contracting the output by 1.5 million barrels a day, meanwhile Saudi Arabia was bearing the largest cut.


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