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Economic strategies employed by the kingdom of Saudi Arabia during the COVID-19 period.

The suspension of Umrah tourism by the Kingdom of Saudi Arabia in the year 2020 and 2021 following the breakout of Covid-19 pandemic has caused economic problems to business owners that operate their businesses around Umrah activities. Problems such as retrenchment and closure of businesses have bee...

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Main Authors: Ahmed Al-Zahrani, Shaymah, Md. Salleh, Nor Zafir
Format: Article
Language:English
Published: Human Resource Management Academic Research Society (HRMARS) 2023
Subjects:
HB Economic Theory
Online Access:http://eprints.utm.my/105314/1/NorZafirMdSalleh2023_EconomicStrategiesEmployedbytheKingdomofSaudiArabia.pdf
http://eprints.utm.my/105314/
http://dx.doi.org/10.6007/IJAREMS/v12-i1/16621
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spelling my.utm.1053142024-04-21T04:06:02Z http://eprints.utm.my/105314/ Economic strategies employed by the kingdom of Saudi Arabia during the COVID-19 period. Ahmed Al-Zahrani, Shaymah Md. Salleh, Nor Zafir HB Economic Theory The suspension of Umrah tourism by the Kingdom of Saudi Arabia in the year 2020 and 2021 following the breakout of Covid-19 pandemic has caused economic problems to business owners that operate their businesses around Umrah activities. Problems such as retrenchment and closure of businesses have been reported due to significant financial risk and loss. Hence, this study is conducted to identify the role of the government i.e., Kingdom of Saudi Arabia to assist the business owners in managing the economic crisis. Specifically, the study attempts to identify the economic strategies employed by the government and the future outlooks that have been set in the future planning of Umrah tourism. A total of 13 government officers have been recruited for a semi-structured interview protocol. Interview responses were analysed following the framework by Persson-Fischer & Liu (2021)’s government crisis management. From the analysis, it has been found that the economic strategies that the Kingdom has employed are providing financial support and making adjustment to the financial policy. On the other hand, future practices will see the Kingdom to continue with the financial support, develop cooperation between agencies, change the nature of tourism and employ digital platforms as a way to reduce cost. The study is important as it has shed lights on the strategies that the Kingdom has employed to assist the business owners and how Umrah tourism will be shaped in the future practice. Human Resource Management Academic Research Society (HRMARS) 2023-03-11 Article PeerReviewed application/pdf en http://eprints.utm.my/105314/1/NorZafirMdSalleh2023_EconomicStrategiesEmployedbytheKingdomofSaudiArabia.pdf Ahmed Al-Zahrani, Shaymah and Md. Salleh, Nor Zafir (2023) Economic strategies employed by the kingdom of Saudi Arabia during the COVID-19 period. International Journal of Academic Research in Business and Social Sciences, 12 (1). pp. 318-334. ISSN 2222-6990 http://dx.doi.org/10.6007/IJAREMS/v12-i1/16621
institution Universiti Teknologi Malaysia
building UTM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Teknologi Malaysia
content_source UTM Institutional Repository
url_provider http://eprints.utm.my/
language English
topic HB Economic Theory
spellingShingle HB Economic Theory
Ahmed Al-Zahrani, Shaymah
Md. Salleh, Nor Zafir
Economic strategies employed by the kingdom of Saudi Arabia during the COVID-19 period.
description The suspension of Umrah tourism by the Kingdom of Saudi Arabia in the year 2020 and 2021 following the breakout of Covid-19 pandemic has caused economic problems to business owners that operate their businesses around Umrah activities. Problems such as retrenchment and closure of businesses have been reported due to significant financial risk and loss. Hence, this study is conducted to identify the role of the government i.e., Kingdom of Saudi Arabia to assist the business owners in managing the economic crisis. Specifically, the study attempts to identify the economic strategies employed by the government and the future outlooks that have been set in the future planning of Umrah tourism. A total of 13 government officers have been recruited for a semi-structured interview protocol. Interview responses were analysed following the framework by Persson-Fischer & Liu (2021)’s government crisis management. From the analysis, it has been found that the economic strategies that the Kingdom has employed are providing financial support and making adjustment to the financial policy. On the other hand, future practices will see the Kingdom to continue with the financial support, develop cooperation between agencies, change the nature of tourism and employ digital platforms as a way to reduce cost. The study is important as it has shed lights on the strategies that the Kingdom has employed to assist the business owners and how Umrah tourism will be shaped in the future practice.
format Article
author Ahmed Al-Zahrani, Shaymah
Md. Salleh, Nor Zafir
author_facet Ahmed Al-Zahrani, Shaymah
Md. Salleh, Nor Zafir
author_sort Ahmed Al-Zahrani, Shaymah
title Economic strategies employed by the kingdom of Saudi Arabia during the COVID-19 period.
title_short Economic strategies employed by the kingdom of Saudi Arabia during the COVID-19 period.
title_full Economic strategies employed by the kingdom of Saudi Arabia during the COVID-19 period.
title_fullStr Economic strategies employed by the kingdom of Saudi Arabia during the COVID-19 period.
title_full_unstemmed Economic strategies employed by the kingdom of Saudi Arabia during the COVID-19 period.
title_sort economic strategies employed by the kingdom of saudi arabia during the covid-19 period.
publisher Human Resource Management Academic Research Society (HRMARS)
publishDate 2023
url http://eprints.utm.my/105314/1/NorZafirMdSalleh2023_EconomicStrategiesEmployedbytheKingdomofSaudiArabia.pdf
http://eprints.utm.my/105314/
http://dx.doi.org/10.6007/IJAREMS/v12-i1/16621
_version_ 1797905995588960256
score 13.211869

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