Saudi Vision 2030 As Political Policy to Maintain Ibn Saud's Regime

Abstract

Economic stability plays an important role in bringing political stability. Seeing from historical studies during the Arab Spring events in the Middle East Region, that economic instability has an impact on political instability which ultimately forces regimes in power to lay down their "crowns". The Kingdom of Saudi Arabia, which was not directly affected by the Arab Spring events, seems to have learned a lesson from this incident. The Kingdom of Saudi Arabia, which until now still relies heavily on state revenue from oil and natural gas, seems to be seriously thinking about economic diversification. The dependence of a nation state on just one economic sector makes the potential for failure to maintain economic stability very high, plus oil and natural gas are non-renewable natural resources. This condition causes oil and gas to gradually run out and if this happens it will greatly affect the economic stability of the Kingdom of Saudi Arabia. Furthermore, economic instability can also affect the position of Ibn Saud's regime as ruler. Saudi Vision 2030 is present in the principle of creating economic diversification that will result in a sustainable economy in the Kingdom of Saudi Arabia and furthermore it is hoped that it can maintain the country's economic stability and ultimately secure the power of the Ibn Saud regime.