SACM - United Kingdom
Permanent URI for this collectionhttps://drepo.sdl.edu.sa/handle/20.500.14154/9667
Browse
2 results
Search Results
Item Restricted The impact of economic diversification under Saudi Arabia's Vision 2030 on its GDP(University of Essex, 2024-09) Aleidan, Abdulaziz Ahmed Abdullah; Sefiloglu, OnurThis study explores the impact of economic diversification initiatives under Saudi Arabia's Vision 2030 on the country's Gross Domestic Product (GDP). Launched in 2016, Vision 2030 aims to reduce Saudi Arabia's reliance on oil by diversifying its economic base through the development of non-oil sectors such as manufacturing, energy, and services. This research utilizes data from the General Authority for Statistics, spanning from 2011 to 2023, to assess changes in the GDP composition and growth patterns. Additionally, it incorporates comparative data from the International Monetary Fund (IMF) for other GCC countries to evaluate Saudi Arabia's performance relative to its regional peers. Employing a comprehensive econometric analysis, which includes multiple regression models and this comparative perspective, the study examines the contributions of various sectors to GDP growth and evaluates the effectiveness of the government's strategic policies in facilitating economic diversification. The findings indicate that non-oil sectors have increasingly contributed to GDP, with manufacturing emerging as a key driver, thus highlighting a successful shift towards a more diversified economic structure. This shift has significant implications for other oil-dependent economies considering similar diversification strategies26 0Item Restricted Gulf Cooperation Council Countries’ Electricity Sector Forecasting: Consumption Growth Issue and Renewable Energy Penetration Progress Challenges(Lancaster University, 0023-10-18) Alharbi, Fahad Radhi; Csala, Denes; Wang, Ziwei; Campobasso, M.SThe Gulf Cooperation Council (GCC) countries depend on substantial fossil fuel consumption to generate electricity which has resulted in significant environmental harm. Fossil fuels also represent the principal source of economic income in the region. Climate change is closely associated with the use of fossil fuels and has thus become the main motivation to search for alternative solutions, including solar and wind energy technologies, to eliminate their reliance on fossil fuels and the associated impacts upon climate. This research provides a comprehensive investigation of the consumption growth issue, together with an exploration of the potential of solar and wind energy resources, a strict follow-up to shed light on the renewable energy projects, as currently implemented in the GCC region, and a critical discussion of their prospects. The projects foreshadow the GCC countries’ ability to comply with future requirements and spearhead the renewable energy transition toward a more sustainable and equitable future. In addition, four forecasting models were developed to analyse the future performance of GCC power sectors, including solar and wind energy resources along with the ambient temperatures, based on 40 years of historical data. These were Monte Carlo Simulation (MCS), Brownian Motion (BM), and a seasonal autoregressive integrated moving average with exogenous factors (SARIMAX) model model-based time series, and bidirectional long short-term memory (BI-LSTM) and gated recurrent unit (GRU) model-based neural networks.24 0