VOL. XLIII

No. 16

17-April-2000

SAUDI ARABIA

The Changing Pattern Of Saudi Foreign Trade: Implications For Industrial Structure

by Said A.al-Shaikh

The following article on Saudi foreign trade, written by Said A. al-Shaikh, Chief Economist, National Commercial Bank (NCB), Jiddah, was originally published inThe NCB Economist.

Introduction

With the 1973 oil price surge, Saudi Arabia became an important player on the world trade scene, an unexpected transformation that had enormous economic and social...