Interpreting Middle East Economic News and Analyzing Market Trends

Archive for June, 2013

Proverty in Saudi Arabia: The number of poor keeps growing

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It’s well-known in the Gulf that if you are rich in Saudi Arabia you are very very rich, but not many know that if you are poor in Saudi Arabia you are very very poor.  Unlike the rest of the oil exporting countries in the Middle East, Saudi Arabia is somewhat of an anomaly because it’s social welfare/benefit system is not as generous as say, Kuwait or the UAE, and not even close to Qatar.  One of the main reasons is because Saudi Arabia has a much larger population than the rest of the Gulf.  With a population of 27 million, it’s more than double the rest of the GCC countries put together.  As such, solving it’s going poverty problem is not an easy challenge.

 

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