• Primary Program Markets and Industrial Development
  • Research Interests Economic Development, Economic Diversification, Macroeconomic Analysis and Oil Markets.


Raed is a research associate in the Markets and Industrial Development program, with a particular interest in industrial development, economic diversification, and econometric modeling.  He has worked with different types of econometric modeling techniques on different projects, especially in the field of economic diversification and oil prices. Prior to joining KAPSARC, Raed worked for Standard & Poor’s analytics division, where he was involved in designing the first probability of default model tailored to the Saudi economy. Raed is the author of the 2012 book, Does the U.S. Dollar Have an Effect on the Price of Oil? He earned his Ph.D. in Economics from Southern Illinois University and was awarded a Master of Science in Economics from California State Polytechnic University. The title of his dissertation was Economic Diversification: The Case of Saudi Arabia with Reference to Rich Natural Resource Countries.”


See all Raed’s publications
  • Instant Insight
Implications of IMO 2020: The Potential for High Sulfur Fuel Oil Penetration in Saudi Arabia

Implications of IMO 2020: The Potential for High Sulfur Fuel Oil Penetration in Saudi Arabia

January 1, 2020 marks the enforcement of the International Maritime Organization’s (IMO) rule on limiting sulfur emissions from ships (IMO 2020). The rule mandates ships to reduce the sulfur content in their fuels to 0.5% from the current 3.5%. This suggests that ship owners and operators need to replace about 3 million barrels per day (MMb/d) of heavy fuel oil (HFO) with high sulfur content – known as high sulfur fuel oil (HSFO).

12th December 2019

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