Saudi Arabia has released details of its Vision 2030—an immensely ambitious plan which Deputy Crown Prince Mohammed bin Salman says will end the Kingdom’s dependence on oil by 2020.
To help reach that goal, the plan details major targets, such as the establishment of a sovereign wealth fund and the public sale of part of state oil giant Saudi Aramco, which according to some estimates might be the biggest company in the world. There will also be a limited privatization of government assets. Such measures, if implemented successfully, would no doubt contribute to non-oil income. What is less certain, however, is what impact they will have on the lives of Saudi citizens.
