Quote of the Week: Prince Plans to Wean Saudi from Oil by 2020
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Saudi Arabia is ready for a world without oil. At least that’s the goal of Deputy Crown Prince Mohammed bin Salman, the 31-year-old son of King Salman bin Abdulaziz.
The government of the de facto OPEC leader agreed to sweeping economic reforms, spearheaded by the prince, to wean the oil exporter off crude revenues by 2020.
Part of “Vision 2030” includes selling a share of the Kingdom’s crown jewel, Saudi Aramco, estimated to be worth more than $2 trillion.