Monday 4 April 2016

Saudi Arabia adapting to new economic realities | The National

Saudi Arabia adapting to new economic realities | The National:

"The first details of Saudi Arabia’s long-mooted economic plan to cope with this era of low oil prices have been described by Prince Mohammed bin Salman, the country’s deputy crown prince.

Speaking in an interview with Bloomberg, he said that the kingdom plans to raise US$100 billion per year in new revenues by 2020 through a combination of levies and subsidy reforms.

The economic reform measures include:"



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