Saudi Arabia is currently in a very bad place economically, can you list the top 3 reasons that lead to the stress that their economy is facing?

1. Relies on oil, unable to start/focus on another industry

2. Public and now Private sector decision making is left to Saudis only

3. Hiring is relationship based, not skill based

1.Low prices of Oil 

2. decrease in construction

3. Overwhelming rate of foreign workers

Economic has taught us well that every recession will be followed by a "Boom".

 

Regarding to the question above:

 

01- The one resource economy "oil"

02- The Geopolitical situation.

03- The new Saudi Government Era "2030". 

 

-dependent on oil industry -lake of internal skilled labour i.e. import from other countries -lake of investing on productive purpose

i am agree with Sherjeel Khalid.................