Focus

In "Saudi Arabia’s Vision 2030: Reducing the Dependency on Oil," Shmuel Even and Yoel Guzansky look at Saudi Arabia's ambitious economic plan “Saudi Vision 2030.” The plan represents a set of laudable goals and measures that are economically essential and critical to the kingdom’s long term survival. Yet while it is premature to assess the plan’s prospects for success, the goal of substantially reducing the dependence on oil by 2020 is highly doubtful. The main challenges to the plan concern the need to open the closed and conservative Saudi economy, and adapt it to the rules of a modern economy.

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