Vision 2030 is Saudi Arabia's hugely ambitious scheme to reduce its reliance on oil exports and transform its economy, but there's no guarantee of success.
The other country that is going to suffer as the oil age comes to an end is Russia. The Saudis look like they are far more on top of preparing for this.
I’m not confident that huge flashy megaprojects and big foreign investments are really doing much to prepare Saudi Arabia for a post-oil future. But at least Saudi Arabia hasn’t alienated itself from its most crucial customers and engaging in a real-time act of self-destruction.
The other country that is going to suffer as the oil age comes to an end is Russia. The Saudis look like they are far more on top of preparing for this.
I’m not confident that huge flashy megaprojects and big foreign investments are really doing much to prepare Saudi Arabia for a post-oil future. But at least Saudi Arabia hasn’t alienated itself from its most crucial customers and engaging in a real-time act of self-destruction.