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Tuesday, 7 March 2017

Saudi Prince’s Long 2017 To-Do List Starts With Aramco IPO Prep - Bloomberg

Saudi Prince’s Long 2017 To-Do List Starts With Aramco IPO Prep - Bloomberg:

"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."

From planning potentially the world’s biggest initial public offering to rolling out taxes and protecting Saudis from the impact of spending cutbacks, here are six developments to watch this year:"



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