Saudi Arabia’s Deputy Crown Prince Muhammad bin Salman has reaffirmed his commitment to radical reforms to transform its economy after last week’s reversal of benefits cuts (MEES, 28 April). The ambitious Saudi Vision 2030 was launched over a year ago and aims to end the kingdom’s reliance on oil (MEES, 29 April 2016).
The kingdom this week announced 10 new development initiatives or “programs” to complement a few hundred initiatives unveiled in June 2016 as part of the National Transformation Program 2020 (NTP) intended to wean the economy off oil revenues (MEES, 10 June 2016). (CONTINUED - 744 WORDS)
