Covid-19 may have dealt a mortal blow to Saudi Arabia’s already-struggling Vision 2030 strategy to diversify and grow the economy. The kingdom’s economy struggled to achieve measly 0.3% growth in 2019 and a sharp contraction in 2020 looks unavoidable.
Despite Crown Prince Muhammad bin Salman placing an ambition to end Saudi Arabia’s “addiction to oil” at the heart of his Vision 2030 strategy, the addiction has been growing. (CONTINUED - 811 WORDS)