Saudi Arabia's Vision 2030 Plan Is Too Big to Fail -- Or Succeed
MIN READJul 27, 2018 | 09:00 GMT
A display promotes Saudi Arabia's Vision 2030 campaign at the 2017 GITEX technology exhibition in Dubai, United Arab Emirates. Though it remains a Saudi priority two years after its 2016 launch, the ambitious economic reform plan has stalled in the face of rising oil prices.
(GIUSEPPE CACACE/AFP/Getty Images)
After Crown Prince Mohammed bin Salman announced the kickoff of Saudi Arabia's massive Vision 2030 economic reform plan in 2016, his country's government charged toward implementing many of the sweeping changes it hoped to make over the course of almost a decade and a half. It was going to diversity its economy, boost private industry, make investment easier, reduce unemployment, increase innovation and modernize the country in countless ways both social and economic. Now, only two years later, the mainstream media is already asking if Vision 2030 is failing....