A bold bid to transform Saudi Arabia’s economy - FT.com:
"With a pledge to end Saudi Arabia’s reliance on oil in a mere four years, Mohammed bin Salman, the 30-year-old deputy crown prince, is attempting nothing less than a transformation of the conservative kingdom.
The overarching aims of his “vision” for 2030 — to slash wasteful government spending, develop the non-oil economy and boost private sector job creation — are the right ones. Yet Saudi rulers have talked of diversification for decades and failed to deliver it. The question is whether MbS, as the powerful son of King Salman has become known, stands a better chance of overcoming resistance from the bureaucracy, rivals for power within the royal family and ultra-conservative clerics."
'via Blog this'
No comments:
Post a Comment