Economics
What We Learned From Four Days of Briefings in Saudi Arabia
- Cabinet ministers announced National Transformation Program
- Plan seeks to cut the kingdom’s reliance on oil by 2020
Saudi Ministries Outline Post-Oil Plan
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Four days, four late-night press conferences and dozens of targets aiming to reduce Saudi Arabia’s addiction to oil revenue by 2020.
More than half of the Saudi cabinet went through 110 pages making up a multi-year plan to overhaul an economy whose fortunes have depended largely on government spending on infrastructure and where citizens got accustomed to state largess.