Evaluating Saudi Arabia’s Vision 2030 at the five-year mark
Following the collapse of oil prices in mid-2014 and the pressure to balance the fiscal budget, the Saudi leadership headed by King Salman and Crown Prince Mohammed launched Saudi Vision 2030. Saudi Vision 2030 aimed to reduce Saudi Arabia’s dependence on oil revenue, transform and diversify the economy, and improve public sector services ranging from enhancing the quality of life of the country’s...