Saudi Arabia Crown Prince’s Transformation Stress-tests Economy and Stretches Petrowealth
- Kingdom faces budget deficits, rising debt amid project drive
- Grand plans may change, but prince wants to see them through
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Saudi Arabia faces the most precarious moment yet of its economic reinvention.
Eight years after now-Crown Prince Mohammed bin Salman unveiled Vision 2030, his blueprint for a life after oil, delays and scalebacks with the multitrillion dollar makeover are laying bare the pressure on the kingdom’s finances.