Saudi Arabia seeks to be free of its historical dependence on oil

Saudi Arabia has been dependent on oil for decades as a major source of revenue in its public budgets, but the fall in crude prices and the encouragement of investments in other sectors, including tourism, are leading it to a historic step: cutting oil revenues by more than half

Oil Refinery

Source: AP Photo/Charlie Riedel, File


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Source: AFP

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Saudi Arabia seeks to be free of its historical dependence on oil | SBS Arabic