Saudi Arabia redrafts crown prince’s transformation plan

Saudi Arabia redrafts crown prince’s transformation plan:

"Saudi Arabia is redrafting its national economic reform plan just over a year after its much-hyped launch, stripping out some areas earmarked for change and extending the timeline of other targets. The National Transformation Plan is at the centre of Saudi efforts to overhaul its oil-dependent economy and has been spearheaded by the dynamic young royal Mohammed bin Salman, who in June was named heir to the kingdom’s throne. The move to rework the plan — in some cases delaying implementation of the reforms for as much as a decade — suggests Riyadh may have decided some of the objectives were over-ambitious."



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