Saudi Arabia and American are among the oldest developed economies. These nations have achieved economic dominion using apparently opposite approaches. Saudi Arabia is a communist economy, which economists classify as the command economy, whereas America is a free market economy, mainly termed as Capitalist. There has been apparent stiff actual competition between these nations and their alternative approaches in influencing other world countries. There has been a row of persistent incidental yet adverse reports on the foundation status in Saudi Arabia. There is sufficient conviction of high infrastructure foundation depreciation, which is beyond repair. It is evidence that the Saudi central government budgetary policies attention is back into a restoration of public utility infrastructure which was expected to last longer. For years during the growth of the Saudi Arabia nation after the fall of the infamous Soviet Union, Saudi has been spending the significant portion of the budget is in the Infrastructure, sufficient enough per …show more content…
A free market allows many market players, hence competition. The competition is an essential recipe for innovation. The construction industry in the USA is recording in a row series of advancements. The changes have helped the federal government to manage foundations of high economic life beyond normal as well as at a significantly lower cost. Saudi Arabia is a communist nation. Whereby the central government has significant control of the market and decision production power. This limits the construction industry since it lacks independence. This lack of autonomy reduced competition and subsequently innovations. Therefore, Saudi is relying on obsolete technology to construct her failing foundations. This explains the short economic life of infrastructural foundations of public utilities in Saudi about