Economics
Saudi Arabia’s Post-Oil Plan Faces Cuts as Crude Plummets
- Government says it’s committed to crown prince’s Vision 2030
- Ambitious plan for life after oil has been repeatedly revised
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Plans for a future after oil in Saudi Arabia are increasingly at the mercy of the present.
A strategy to transform the Saudi economy, championed by Crown Prince Mohammed bin Salman, is likely to face deep budget cuts as the coronavirus pandemic and plummeting crude prices batter the economy, according to people familiar with the matter.