Saudi arabia, where even milk depends on oil, struggles to remake its economy – times of india

AL KHARJ, Saudi Arabia: This is what it takes to run a megadairy in the scorching desert here: 180,000 Holstein cows, precisely cooled cowsheds, water pumped from deep underground, feed from Argentina and a state-of-the-art refrigeration system. 1 unit electricity cost in tamilnadu To transport chilled milk and other products all over the Arabian Peninsula, add 9,000 vehicles.

None other than King Salman’s favored son, Deputy Crown Prince Mohammed bin Salman, has held up the dairy, Almarai, as a model for a country trying to

and created a crisis that has led to cuts in public spending, reductions in take-home pay and benefits for government workers and a host of new fees and fines. Electricity trading jobs Huge subsidies for fuel, water and electricity that encourage overconsumption are being curtailed. La gas prices average For Almarai, one of the top brands in the Middle East, that will mean $133 million from the bottom line this year, company officials said.

“The government is moving very fast at reforming things in Saudi Arabia while the people are finding themselves left behind,” said Lama Alsulaiman, a businesswoman and board member of the Jidda Chamber of Commerce and Industry. Electricity trading hedge funds “Life as usual and business as usual can no longer continue.”

Rewriting the social contract carries high risks for the 31-year-old deputy crown prince, who has stakedhis reputation on transforming the economy.

“People are looking to see if he can do it,” said Ibrahim Alnahas, a political-science professor at King Saud University in Riyadh, the capital. V gashi 2013 “If so, his future would be king. Electricity billy elliot broadway If not, his future would be lost.”

The vast subterranean seas of petroleum here have seeped into almost every part of the Saudi economy. Electricity definition science Crude oil does more than deliver billions of dollars in profits to Saudi Aramco, the state oil company, and Sabic, the chemical giant; it also buttresses energy-intensive sectors such as cement production and aluminum smelting.

Saudi Arabia burns barrel after barrel of crude oil for electricity, one of the few countries to do so in large quantities. Electricity resistance questions Commercial air-conditioners cool shopping malls as temperatures outside soar past 100 degrees in the summer, and children go sledding at Snow City, a frigid new recreation center in the capital. Z gas el salvador Much of the drinking water needed to keep this desert nation alive comes from energy-draining desalination. Electricity symbols and units And the SUVs idling in Riyadh’s enormous traffic snarls drain gasoline.

“It is striking the extent to which every major industry relies on cheap energy, whether directly or indirectly,” said Glada Lahn, co-author of a study for Chatham House, a London think tank, which warned that the kingdom could become a net importer of oil within a few decades if it did not make significant changes.

Saudi Arabia’s about-face last month at a meeting of the Organization of the Petroleum Exporting Countries in Algeria, agreeing to cut production to raise the price of crude, showed the urgency policymakers here are feeling. B games car Mohammed announced plans this year to sell off a small piece of the country’s economic crown jewel, Saudi Aramco, to free up money for investment.

The budget deficit was nearly $100 billion last year. Electricity sources in canada The country’s foreign reserves have dropped by a quarter since oil prices started falling in 2014. Gas zone The government has taken loans from foreign banks and will try to borrow more from the global bond market.

Hedge funds are wagering that the Saudi central bank will be forced to revalue its currency, the riyal. V gashi 2015 Zach Schreiber, the head of PointState Capital, which made $1 billion betting that oil would fall, told investors in May that the Saudi riyal was “massively overvalued” and that the country had only “two to three years of runway before it hits a wall.”

The government has abruptly cut construction projects, forcing contractors to lay off workers. Gas ark This year, foreign laborers set fire to buses in protests demanding months of back pay. Pictures electricity pylons The sudden jump in water bills this spring led to such an outcry on social media that the minister for water and electricity was fired after telling customers to dig their own wells if they were unhappy with prices.

“If you’re a Saudi, you’ve grown up with that expectation of the financial largesse that’s dished out,” said Adel Hamaizia, the vice chairman of the Oxford Gulf and Arabian Peninsula Studies Forum. Electricity outage houston tx “Things are likely to get more difficult for the government in terms of managing frustration from the everyday people.”

Adding to the pressure, the kingdom’s population has nearly doubled since 1990. O gastronomo buffet With half of all Saudis younger than 25, the private sector does not offer enough good opportunities for the estimated 300,000 young people entering the workforce each year, especially women. Electricity for refrigeration heating and air conditioning 9th edition pdf Fewer of the public sinecures that have sustained earlier generations are available, with plans for deeper cuts.

Despite Saudi Arabia’s image as a haven for Ferrari-driving sheikhs with stables full of racehorses, oil revenue is much lower per capita than in small states like Qatar or Kuwait. Gas dryer vs electric dryer hookups There is poverty in the kingdom as well as an increasingly anxious middle class.

One evening last month, it was a stifling 99 degrees in Riyadh after sunset, with dust hanging in the air. Electricity laws in india Um Rashed Al-Rashed was selling jewelry and baskets of seeds at a small souk, hoping to supplement her husband’s modest pension.

“The prices are increasing for everything,” Rashed said. Ortega y gasset revolt of the masses The couple’s electricity bill after the Ramadan holidays was so high they could no longer afford it, so the power was shut off. Z gas cd juarez “Only a camel can live without electricity,” she said.

On billboards across the country, the king, crown prince and Mohammed appear, eyes toward the horizon, with a purple 2030 logo with the national emblem — a palm tree and crossed swords — above them. Gas smoker recipes The Vision 2030 plan calls for a steady diversification of the economy during the next 14 years.

That would include expanding the country’s mining industries to exploit gold, phosphate and uranium deposits, and building up the financial, technology and entertainment sectors. Grade 6 science electricity unit test And while many countries declare that they will generate added revenue through tourism, only Saudi Arabia has Mecca, which more than 1.6 billion Muslims worldwide are instructed to visit on a pilgrimage before they die.

Mohammed, the deputy crown prince, gathered business leaders, government officials and even athletes and artists at the palatial Ritz-Carlton in Riyadh late last year to discuss the economic targets his team was developing. Electricity flows through Consultants with tablet computers fanned out across the country, surveying Saudis to determine how far the government could pare back subsidies without sparking protests.

After decades of rule by octogenarian kings, some young Saudis said in interviews that they felt energized by the role played by a prince from their generation.

“Subsidies should have been done a long time ago. Electricity hair stand up Things are still so cheap,” said Salman M. Bp gas prices columbus ohio Al Suhaibaney, a Saudi entrepreneur, holding up his drink to demonstrate. Electricity kwh usage calculator “This bottle of water is more expensive than the same amount of gas.”

Al Suhaibaney founded an app for tow trucks called Morni, like an Uber for roadside assistance, including fixing flat tires, delivering gas and jumping batteries. Gas examples His business is in a government-supported startup incubator in a Riyadh office building. Gas vs electric range Staffed by 20 young Saudis, Morni is a model for the kind of business the government, and in particular the tech-savvy deputy crown prince, hopes will buoy the workforce.

But more public funds are needed right now to close the budget gap. Electricity 4th grade The government has announced plans to more than triple non-oil revenue by 2020, starting with rising fees for visas, higher fines for traffic violations and a sin tax on sugary drinks.

Officials have seized on every opportunity to squeeze costs. La gasolina lyrics After cutting pay for ministers, freezing hiring and curtailing regular bonuses and overtime for the entire public sector workforce, the government announced last week that workers would be paid according to the Gregorian calendar (as in the United States and Europe), instead of the slightly shorter Islamic Hijri calendar, adding roughly one unpaid workday a month.

“If your salary is going down and your costs are going up, something’s got to give,” said Hamaizia of the Oxford Gulf and Arabian Peninsula Studies Forum.

Less spending by government, businesses and increasingly strapped consumers means less growth and fewer jobs. I gas shares The only way to create more jobs for Saudis in such an environment may be by getting rid of foreign workers and replacing them with locals. Chapter 7 electricity note taking worksheet That policy, known as Saudization, has been pursued at least since the early 1980s and always failed, with the number of foreign laborers ballooning from roughly 1 million to 10 million.

Now, though, the government is pressing companies harder. Gas jet compressor Foreign workers cost less, but the government levies fines and refuses to renew visas for foreign workers if business rosters dip below a certain percentage of Saudis. Static electricity in the body The kingdom’s targets for increasing employment include more than 450,000 new private-sector jobs by 2020.

The Almarai dairy employs 8,000 Saudis among its workforce of more than 40,000. Gas and electric credit union On a recent morning, 150 Holsteins moseyed into the milking parlor where workers from Kenya, the Philippines and elsewhere hooked them up to automated pumps. Gas works park events The business — which also produces yogurt and cheese and includes a bakery — has its own training academy for Saudis, drawing 15,000 applicants annually for just 400 slots.

Prince Sultan bin Mohammed bin Saud Al Kabeer, a member of the extended Al Saud royal family and one of those rich Saudis with a stable of thoroughbreds, founded Almarai in 1977 with the help of Irish dairy farmers.

“We try to keep it to a standard that if the prince wants to come in tomorrow with his friends, he’s welcome,” said Tony Gavin, the Irish manager of the largest Almarai dairy farm, in Al Kharj, southeast of Riyadh. Grade 6 electricity project ideas Wearing brown shorts and Ray-Ban sunglasses, Gavin gave a tour of the sprawling farm.

The cows rest under a cooling mist scattered by large fans, the temperature and quantity of water computer controlled. Gas bloating diarrhea A nutritionist optimizes the cows’ diet with cottonseed from Greece, sugar beet pellets from the Netherlands and locally grown alfalfa.

But the government has dictated that dairies must phase out local feed production because water is so scarce. Gas or electricity for heating Despite its arid environment, Saudi Arabia once pursued large-scale farming, even becoming a wheat exporter before all but abandoning cultivation to save water. Thermal electricity how it works Almarai has bought farmland in Argentina, California and Arizona to produce alfalfa to ship here.

Still, the business is getting squeezed. Types of electricity pdf While utility and feed prices are rising, the dairy has not been allowed to raise the price of milk.