Abstract
This study attempts to explore the main causes of economic instability in Saudi Arabia. In addition, we investigate the significance of nonoil exports, industrialization, technological development, tourism and the entertainment sector in attaining sustainable economic development. The findings confirm the significant and positive coefficient for nonoil exports, industrialization and entertainment sector, while oil exports have reported a negative impact on the long-run economic growth of Saudi Arabia. In brief, it is recommended that Saudi Arabia transform its economic policies to attain sustainable economic development by shifting its dependence from oil exports to other economic sectors.