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Inside Saudi Arabia's $3 Trillion Plan to Move Past Oil - Barron's
Inside Saudi Arabia’s $3 Trillion Plan to Move Past Oil - Barron's
Inside Saudi Arabia’s $3 Trillion Plan to Move Past Oil
Dec 28, 2023, 1:15 am EST
Facing an existential threat to oil, the country’s lifeblood, Saudi Arabia is spending more than $3.2 trillion to transform its economy by 2030. While oil remains essential, the country is trying to fashion itself as a high-tech hub and destination for global business and leisure, preparing for the end of the fossil fuel era.