Saudi Arabia economy to change tack and break ‘addiction to oil’

Posted on 27 Apr 2016 by Tim Brown

The Government of Saudi Arabia has approved a new dramatic economic plan that is set to move the country away from its current economic dependence on oil.

The man behind the plan, titled Vision 2030, is 31-year-old Deputy Crown Prince Mohammed bin Salman, the favoured son of ruler King Salman. Saudi Prince Mohammed Bin Salman – image courtesy of Mazen AlDarrab and Wiki Commons. According to the Vision 2030 plan, Saudi Arabian non-oil revenue will be increased from 163.5bn riyals ($43.6bn,…

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