Economics
Saudi Prince’s Long 2017 To-Do List Starts With Aramco IPO Prep
- Prince Mohammed bin Salman unveiled Saudi Vision 2030 in April
- Taxes, foreigner fees, Citizen’s Account expected this year
How Big a Deal Is the Aramco IPO for Saudi Arabia?
This article is for subscribers only.
Saudi Arabia’s Deputy Crown Prince Mohammed bin Salman has a daunting to-do list as the real work begins on his plan to transform the world’s biggest oil exporter into an economy no longer reliant on crude.
“2017 is a reality check,” said John Sfakianakis, director of economic research at the Gulf Research Center. "We’re done with the announcements. Now it’s the teeth that need to show behind the actual plan. The global investor community will be looking at that."