Saudi Arabian modernization is “a work in progress” and the country needs to expand education and employment for its youth as it diversifies the economy, Prince Turki Al-Faisal said.
The country is learning from other states, Prince Turki, a former ambassador to the U.S., said in a Bloomberg Television interview today at the World Economic Forum in Davos, Switzerland. The need to modernize “is recognized as such” by the nation’s leadership, he said, adding that King Abdullah last year moved to extend voting rights to women. “We still need to go forward,” he said.
Saudi Arabia, the world’s largest oil exporter, aims to diversify its economy away from a reliance on crude sales by developing industries such as petrochemicals and manufacturing to create jobs for its 28 million residents.
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