The Saudi Government Is Reassuring Investors That Vision 2030 Will Stay On Track
Saudi Arabia’s government assures investors that plans with Vision 2030 and its proposed reforms are still on track, without being affected by minuscule changes with some aspects of it.
The economic reform set to complete by 20130, intends for Saudi to be less dependent on its oil revenue and still plans to sell ‘a stake in Aramco in part with refining the kingdom’s National Transformation Program (NTP)’, according to The National.
The government privatisation programme continues to gain traction and the plan for an initial public offering (IPO) of a stake in Saudi Aramco remains on track
Spokesman for the Ministry of Culture and Information (via The National)
Although the government hasn’t released statements on how much it plans to sell, Crown Prince Mohammed Bin Salman said it would be around 5% of the company
Aramco is valued at US$ 2 Trillion dollars, and this could reportedly raise as much as $100 billion dollars for the kingdom.