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Saudi Arabia’s Grand Plan to Move Beyond Oil: Big Goals, Bigger Hurdles - The New York Times

posted onOctober 26, 2017
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Article snippet: RIYADH, Saudi Arabia — Saudi Arabia is throwing an economic coming-out party of sorts this week, hawking its efforts to liberalize its conservative society and diversify its economy in a sweeping overhaul of the way the wealthy Arab kingdom has long operated. In a glittering conference center in Riyadh, slick videos promised a gleaming, $500 billion city of the future, powered by solar energy and run by robots. The crown prince lauded a “moderate Islam” that embraces the world. And members of the global business elite attended standing-room-only sessions on sustainable energy and the future of urbanization. The message to bankers, businesspeople and high-rolling investors was clear: The once-insular kingdom is now open for business. “Today we have a people who are convinced that by working very strongly together, Saudi Arabia and all of its projects and programs can reach new horizons in the world,” Crown Prince Mohammed bin Salman said at the conference on Tuesday. But despite the royal rollout, including a lavish dinner with sushi, lamb and overflowing trays of chocolate truffles, the prince’s grand plans have proceeded haltingly. The government, in an effort led by the 32-year-old crown prince, has made some remarkable social changes recently, including promising women the right to drive and curtailing the powers of the religious police. But it has so far failed to make much progress on transforming the kingdom from a petro-state into a diverse, productive eco... Link to the full article to read more

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