For more than seven decades, oil has been at the heart of Saudi Arabia’s economic transformation. But as global oil prices have repeatedly demonstrated, an economy overly exposed to a single commodity is vulnerable to forces beyond its control. The Kingdom’s response has been to build a more diversified economy in which innovation, industry and the private sector play increasingly central roles. That transformation gained a defining framework with the launch of Vision 2030 on April 25, 2016. T

Source: Arab News