Saudi Arabia Tries To Break Addiction To Oil

Saudi Arabia Tries To Break Addiction To Oil

Saudi Arabia, which is the world’s top oil exporter has unveiled a plan to become one of the 15 biggest economies in the world. Prince Mohammed Bin Salman stated that “the kingdom’s huge oil wealth was now holding the country back.

“We have a state of addiction in the Saudi Arabian kingdom, by everyone, and that’s dangerous.” “Prince Mohammed Bin Salman would like to boost non oil revenues sixfold to $266 billion by 2030, sell part of national oil company Aramco on the stock market, and create a $1.9 trillion public fund to invest at home and abroad.”

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