Publication

This brief analyzes “Saudi Vision 2030,” which is the Kingdom’s plan to reduce its long-term dependence on oil sales by cutting costs and diversifying its economy. In particular, the text’s authors discuss 1) how fluctuating oil prices finally nudged Saudi leaders to commit themselves to economic diversification; 2) how this planned adjustment may lead the country to reduce its arms imports in favor of more indigenous production; 3) why the Kingdom still does not wish to see a return to high oil prices; and 4) the main challenges facing Vision 2030, to include the repercussions which could occur should the plan fail.