While speaking with a Saudi traveler in the desert of Wadi Rum, Jordan, its been observed that disruption of Saudi Arabia’s revenue model has forced much domestic changes within the country.
The prince has brought about drastic reforms in response to the disruption much to the chagrin of traditionalist hardliners. Women are now given the rights to drive vehicles and also work. For the first time ever Saudi’s were able to see Circ Du Soleil within their country. It can be speculated that these reforms are intended to double the total number of potential workforce in the country and get the thought process of the workforce more in sync with the rest of the world as Saudi Arabia gears its economy for a world that is no longer dependent on oil for energy.
Disruption examined using Micheal Porter’s 5 forces framework
The shale oil innovation has put a max cap on oil prices around the world at USD80 per barrel. Traditionally oil dependent countries within the OPEC could artificially restrict oil supply to drive up oil prices. However, post the era of innovation when such strategy employed, shale oil producers will immediately start pumping supplies into the market when price becomes viable.
The Paris Climate agreement has catalyst a movement to shift away from oil to renewable sources of energy. Already China and India have became large players of solar energy. With innovation within this sector continuously driving down costs, it is likely the world will see an inflection point whereby solar energy becomes cheaper to produce than fossil fuel based energy.
A paradigm shift will occur amongst Saudi’s in relation to their attitude towards women as independent individuals with economic autonomy as opposed to individuals whose sole function is to be on the receiving side of male attention and care.
It remains unclear the impact of social media on the the upcoming shift within population.
Its also been observed via various sources within the Bay Area that Saudi Arabia is increasingly turning to investments in technology to drive the next stage of their economic growth.
Saudi Arabia is seen as the economic trend leader within region. It is likely their eventual model will get mimicked by other oil-dependent middle eastern countries.
Other notable observations within Jordan
Asian companies like Hyundai, Toyota, Kia, Nissan have been observed to dominate the region in terms of manufactured cars. The only other notable brands that are not Asian are Mercedes and Ford.
Android and Asian companies like Samsung, Huawei and Sony have been observed to dominate the region in terms of mobile computing.
Facebook is the only social network that has been observed to deeply penetrate the region. Majority of folks utilize WatsApp. Facebook is less commonly seen on phones of users.
User huddled over Android device in Wadi Rum. To understand their needs, technologist need to become more keenly familiar with the Android OS.
- Only the paranoid survives, Andy Grove