How Saudi Arabia plans to shake up its economy | Reuters

How Saudi Arabia plans to shake up its economy | Reuters:

"In late February, several hundred Saudi officials, company executives and foreign consultants gathered in a luxury Riyadh hotel to discuss how Saudi Arabia's economy could survive an era of cheap oil.

One company manager at the event told Reuters that officials from about 30 Saudi government bodies manned booths in which they described their challenges. Corporate bosses were encouraged to "figure out ways to do partnerships to address those needs, to offer feedback, to complain, and to plan future ventures or even just future meetings," the manager said. "It was like a private sector version of a national parliament."

The workshop was part of Saudi government attempts to work out how to restructure the economy so it no longer relies on oil."



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