The Role of Financial Development in Private Sector Growth in Saudi Arabia

Senior Principal- Energy Macro & Microeconomics Fakhri Hasanov is a senior principal and leads the KAPSARC Global Energy Macroeconometric Model projects with 20+ years of experience…

Fakhri Hasanov is a senior principal and leads the KAPSARC Global Energy Macroeconometric Model projects with 20+ years of experience in econometric modeling and forecasting. Since 2015, he has been involved in multistakeholder projects, leading and executing macroeconomic analysis of various policy choices and initiatives (e.g., energy prices, energy demand, and fiscal reforms) for the Kingdom’s economy. He has extensive experience working with policymakers. Prior to KAPSARC, he was a post-doc at George Washington University.

His research mainly covers macro-econometric modeling for energy and environmental economics policy analyses. Dr. Hasanov has authored 50+ applied studies published in reputable journals such as Energy Policy, Energy Economics, Empirical Economics, and Energy Strategy Review. His research is recognized internationally (e.g., he is listed among the top 2% of scientists globally by Elsevier). Fakhri is an editorial board member of various peer-reviewed journals, such as Frontiers in Environmental Science. He holds a Ph.D. in econometrics.

Expertise

• Econometric modeling and forecasting
• Time series and panel data econometrics
• Macroeconometric models for policy analyses
• Energy economics
• Environmental economics.

Fellow- Energy Macro & Microeconomics Abdulelah is an Economist and Research Fellow at KAPSARC with expertise in various fields, including macroeconomics, energy, international trade and…

Abdulelah is an Economist and Research Fellow at KAPSARC with expertise in various fields, including macroeconomics, energy, international trade and investment flows, financial development, and public policy. He currently leads the project, “Applying Behavioral Economics Methods to Energy Policymaking in Saudi Arabia," which led to the first randomized controlled trial for electricity consumption. Additionally, he is a contributor on other projects, such as the “KAPSARC Vision 2030 Input-Output Tables”, “Economic Growth and Energy Transition Pathways”, “CGE Model for Economic Policy Analysis in Saudi Arabia”, and “Modeling Energy Consumption and its Impact in Saudi Arabia.” His work has been published in top-tier peer-reviewed journals in the field of energy economics.

As a passionate advocate for evidence-based policymaking, Abdulelah is committed to using his expertise to help shape the future of energy and economic policy in Saudi Arabia and beyond, having worked on many projects for the energy ecosystem. He is also a sought-after speaker and panelist on economic and energy policy, having participated in several high-profile events and discussions. In 2020, during the Saudi G20 presidency, he was a member, co-author, and task force coordinator for the Trade, Investment, and Growth Taskforce for Think20 (T20), the official Engagement Group of the G20.

Before joining KAPSARC, Abdulelah worked as an economic consultant, providing policy analyses, modeling, and forecasting the impacts of public spending on social and economic indicators. He obtained a master’s degree in Applied Economics and a bachelor’s degree with Honors in Banking and Financial Economics. He received the King Abdullah Scholarship and is a member of the Saudi Economic Association and the Saudi Association for Energy Economics. He has also been inducted into the ISPI’s Next Forum of Future Leaders.

Expertise

• Macroeconomics
• Energy Economics
• Economic Growth
• International Trade and Investment
• Financial Development
• Energy Demand and Public Policy
• Econometrics
• Energy Transition and its Impact on the Global Economy

Fellow- Energy Macro & Microeconomics Ryan Alyamani is a Fellow in the Energy Macro and Microeconomics program, specializing in economics, energy, and sustainability. His focus…

Ryan Alyamani is a Fellow in the Energy Macro and Microeconomics program, specializing in economics, energy, and sustainability. His focus is on developing economic and energy models for policy analysis. Additionally, Ryan has published a series of research papers in reputable, peer-reviewed journals.

Ryan holds a master’s degree in Economics and Policy of Energy and the Environment from University College London (UCL), UK, and a bachelor’s degree in Mechanical Engineering from Mercer University, USA.

Expertise

• Economics
• Energy economics
• Environmental sustainability
• Economic and energy modeling and Public policy