ArticleEnvironmental science and pollution research international2021
Non-oil economic transition for economic and environmental sustainability in Saudi Arabia: a multi-factor analysis under fuzzy environment.
Article in Environmental science and pollution research international, 2021. The graph could read no effect estimate from its abstract, so it casts no vote on the map. Cited by 2 papers.
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2 citing papers in PubMed.
- Sustainable and resilient e-commerce under COVID-19 pandemic: a hybrid grey decision-making approach.Environmental science and pollution research international · 2023Article
- Analysis of core risk factors and potential policy options for sustainable supply chain: an MCDM analysis of Saudi Arabia's manufacturing industry.Environmental science and pollution research international · 2022Article
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3 authors.
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Abstract
In this study, an analysis of Saudi Arabia's economic diversification, particularly non-oil transition, is conducted. Initially, key success factors and sub-factors that provide basis for the analysis are identified through literature survey. Three key factors (economic, labor, and market), twenty-one sub-factors (seven under each factor) are identified. To obtain the relative importance of factors and sub-factors, fuzzy analytical hierarchy process (FAHP) has been used. The economic criterion obtained the highest weight followed respectively by fiscal and labor criteria. The "proportion of Saudis in the workforce" sub-criterion received the highest weight under labor criterion, the "investment-intensive business models" sub-criterion obtained the highest weight under economic criterion, and the "increase non-oil revenue" sub-criterion got the highest weight under fiscal criterion. Overall, increase non-oil revenue sub-criterion (under fiscal criterion) received the highest weight. Later, eight major non-oil sectors are prioritized with respect to criteria and sub-criteria using fuzzy technique for order preference by similarity to the ideal solution. Petrochemicals sector ranked topped in the contribution to achieving non-oil transition. The findings of the study shall enable the government and policymakers to specifically design policies for respective sectors knowing their importance in the transition and subsequently bring a new cycle of prosperity to the Kingdom of Saudi Arabia.
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