Saudi Arabia Releases Ambitious Plan To Diversify Economy

Saudi Arabia has introduced some taxes for the first time, cut spending by about a quarter, trimmed energy subsidies, and raised money through the bond markets.


On Monday, Saudi Arabia released a blueprint for the future, a plan for the Kingdom that could alter the course of its history. The "Vision for the Kingdom of Saudi Arabia" could radically transform Saudi Aramco, the Saudi economy, and the country's social structure.
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