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Saudi Arabia: Riyadh Targets the Private Sector With Bold Plans for 2018

Dec 14, 2017 | 20:08 GMT

(Stratfor)

Saudi Arabia has spent the past two years making big plans and preparing itself for the major changes the Vision 2030 plan promises. In 2018, the country will start taking action and implementing many of its bold reforms, including putting part of its crown jewel, Saudi Aramco, up for initial public offering, allowing cinemas to operate, and legalizing the right for women to drive. Now, to underpin the core goal of the country's economic reform platform -- boosting the private sector's size from 40 percent of gross domestic product to 60 percent by 2030 -- Saudi Arabia has announced a number of new plans designed to spur growth in the private sector and to give consumers more spending power....

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