26 Oct '17, 2am

Saudi Arabia's grand plan to move beyond oil: Big goals, even bigger hurdles - The Straits Times

RIYADH (NYTIMES) - Saudi Arabia is throwing an economic coming-out party of sorts this week, hawking its efforts to liberalise 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 centre in Riyadh, slick videos promised a gleaming, US$500 billion (S$680billion) 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 urbanisation. 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 progra...

Full article: http://www.straitstimes.com/world/middle-east/saudi-arabi...

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