Saudi Arabia’s Bold Vision for Economic Diversification (Mohamed A. El-Erian, Project-Syndicate)

Saudi Arabia has captured the world’s attention with the announcement of an ambitious agenda, called Vision 2030, aimed at overhauling the structure of its economy. The plan would reduce historical high dependence on oil by transforming how the Kingdom generates income, as well as how it spends and manages its vast resources. It is supported by detailed action plans, the initial implementation of which has already involved headline-grabbing institutional changes in a country long known for caution and gradualism

https://www.project-syndicate.org/commentary/saudi-arabia-vision-2030-could-inspire-region-by-mohamed-a--el-erian-2016-05