“Prior to the outbreak, some young would-be entrepreneurs were worried about “losing their moment” if the socioeconomic reforms introduced by Crown Prince Mohammed bin Salman between 2016 and 2019 disappeared. Now, with austerity measures in place and a contracting economy, there is concern that establishing start-ups may be perceived as too great a risk.”
-Mark Thompson in Gulf Monitor analyzes a survey of 325 young Saudis that found that 60% “believe the virus will have a long-lasting impact on the economy and societal transformation.” [Gulf Monitor]
