How is Saudi Arabia interdependent?

Answer 1

Saudi Arabia's interdependence is evident through its economic reliance on oil exports, which significantly impact global energy markets. The country collaborates with international partners, particularly in the Gulf Cooperation Council (GCC) and OPEC, to manage oil production and stabilize prices. Additionally, Saudi Arabia's Vision 2030 initiative emphasizes diversification of its economy, fostering foreign investments, and enhancing trade relationships, further integrating it into the global economy. This interconnectedness also influences regional security dynamics, as the kingdom navigates relationships with both Western allies and neighboring countries.