Saudi Arabia’s Crown Prince Mohammed bin Salman first announced Saudi Vision 2030 (SV2030), an economic diversification-cum-social reform plan, during an interview with Al Arabiya in April 2016. SV2030 vowed to transform Saudi Arabia, proposing fantastical ventures into the future while aggressively deploying capital abroad and opening the domestic economy up via debt issuance, investment code reform, contracting, and capital market reform. Knock-on effects for the world economy were imminent.
Facing volatility in…
