BUSINESSWEEK ONLINE : JULY 24, 2000 ISSUE
INTERNATIONAL -- EUROPEAN COVER STORY Abdullah's Plan to Open the Economy CUT DEPENDENCE ON OIL Open up the kingdom's gas reserves to outsiders to provide fuel and feedstock for petrochemical, power, and desalinization projects. JOIN THE WORLD TRADE ORGANIZATION Meeting WTO requirements will force economic reforms, such as tariff cuts and deregulation, and head off punitive tariffs on Saudi products. BOOST EMPLOYMENT Encourage both foreign and Saudi investment by cutting taxes and permitting foreign ownership of companies and real estate. IMPROVE BUSINESS PRACTICES Bar foreign companies from using agents and fixers, who increase costs. Open up the country to more foreign competition. REFORM THE ROYAL FAMILY Establish a family council to increase the chances of a stable succession, discipline corrupt family members, and help poorer ones. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _					RELATED ITEMS Saudi Arabia (int'l edition) EUROPEAN COVER IMAGE: Saudi Arabia TABLE: Abdullah's Plan to Open the Economy CHART: Saudi Arabia's Dilemma CHART: Snapshot of the Saudi Economy INTERACT E-Mail to Business Week Online

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