Saudi Arabia: Vision 2030

By: Richard H.K. Vietor and Haviland Sheldahl-Thomason

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Synopsis: "At an investor summit in late October 2017, Crown Prince Mohammed bin Salman pledged to “moderate” Saudi Arabia. “We will not spend the next 30 years of our lives dealing with extremist ideologies. We will destroy them today, and immediately,” said the Prince. “Saudi was not like this before 1979. Saudi Arabia and the entire region went through a revival after 1979…All we are doing is going back to what we were: a moderate Islam that is open to all religions and to the world and to all traditions and people.”
The summit was celebrating more than a year’s progress of Vision 2030 – the development strategy that the young Prince had introduced in June of 2016. In an environment of sharply declining oil prices, the 32-year-old Prince – not yet designated Crown Prince – had introduced a plan to move Saudi Arabia away from its long-dependence on oil exports, to become an investment powerhouse, to develop the non-oil economy and, in the process, create six million jobs for Saudi’s."