Liberal Enclaves: A Royal Attempt to Bypass Clerical Power
Within the first months of ‘Abdullah’s term as King, the Saudi government pursued a number of policies to improve the Kingdom’s economic profile. Saudi Arabia became a member of the World Trade Organization (WTO) and the limits were raised on foreign stakes in sectors such as banking, telecommunications services, wholesale, retail, and franchising. These reforms were intended to answer the economic priorities of diversifying from dependence on oil revenues, finding jobs for young Saudis, and opening up foreign investment.