Economic trends and political stability in Saudi Arabia in the Light of Vision 2030

Oil revenues in the form of rentier economy have been one of the main factors of political stability in Saudi Arabia. The decline in oil revenues in Saudi Arabia in the coming decades and the possibility of an economic crisis in this country has been one of the main factors behind the decision of the Saudi leaders to compile and implement the Vision 2030 during the reign of King Salman. Considering the centrality of economic goals and programs in the 2030 vision document, the main objective of this research is to evaluate the effects and consequences of the new Saudi economic trends on political stability. The main question is how the new economic trends and developments of Saudi Arabia in the era of King Salman affect the political stability in this country? In this regard, the operational perspective of David Saunders has been adopted as the conceptual framework of the research. Also, the new economic condition of Saudi Arabia has been analyzed with emphasis on five components, which are: economic growth and prosperity; unemployment rate; Housing situation; Inflation rate and consumer spending index and; the situation of poverty and inequality. The main finding of this study is that the new policies and programs of the Saudi government in the light of 2030 vision have caused a relative progress in economic conditions and leads to Maintaining political stability in the country. However, the social and political changes caused by the development of the non-oil economy construct grounds and conditions that will lead to new instabilities.