Computable General Equilibrium Regional Saudi Inclusive Wealth Model

Inclusive Wealth stands out as potential guiding metric for the KSA to use to evaluate policy and programs to achieve Vision2030 in a sustainable manner. While putting an emphasis on water resources, the project seeks to answer the following key research questions:

-To what extent is the Inclusive Wealth (IW) assessment of KSA previously performed by the U.N. in 2012 and 2014 accurate and where are the largest uncertainties?

- What is the regional distribution of Inclusive Wealth in the Kingdom and how can transformations of one form of capital to another and inter-regional transfers best be represented using CGER/GIS?

- What is the role of Solar Desalination, Renewable Energy, and Agriculture in enhancing the IW of Saudi Arabia by 2050?

- In light of national level development policies and uncertain natural capital (water and oil) what are sustainable water resources investment plans for the metropolitan Riyadh region?

The project provides a tool that can model future produced and human capital growth and the depletion of natural capital (eg, oil, water, minerals) to fund alternative economic/technologic growth strategies. This model utilize a Geographic Information System (GIS) approach and an interface to enable collaboration between stakeholders within regions to effectively negotiate the best plans for equitable development across the Kingdom.

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My Contributions

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• Estimated the depletion of groundwater in the Riyadh region as irreplaceable natural capital.

• Estimated the value of consumed water to Riyadh’s region GDP. 

 

 

Project Team Members

 

Principal Investigators

Adnan Alsaati

Kenneth Strzepek 


Olivier de Weck

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Researchers 

Abdulaziz Alayadhi, Abdulaziz Alhassan, Aljohara Alfayez, Anna Turskaya, Jumana Almahmoud, Rawan Aloula, Sarah Fletcher