the plan called “Saudi Vision 2030″ and focuses on privatization, reduced subsidies and the sale of part of the state oil giant Aramco.
– We have developed a dependence on oil in Saudi Arabia is dangerous and that has hampered development in many areas over the past few years, says Deputy crown Prince Mohammed bin Salman in an interview with television channel al-Arabiya.
according to Muhammad bin Salman, who is also defense minister, will be set up a fund that will be the world’s largest. The fund will manage up 2000 billion dollars, some of the money will come from the sale of parts of Aramco.
According to the deputy crown prince is expected that sell less than 5 percent of Aramco.
Saudi Arabia will also to form a government weapons industry going public in 2017, writes Reuters.
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