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Saudi Arabia: A modernization by forced march?

Since 2016, Mohammad bin Salman (MBS), the Crown Prince of Saudi Arabia and effective, though unofficial, governor of the country, is implementing and enforcing his development program – Vision 2030. The main objectives? To diversify the country’s economy by developing, for instance, a service economy in order to tackle Riyadh’s oil dependence. To do so, MBS relies on Saudi Arabia’s Public investment fund (PIF), ambitioning for it to become the world leader.

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