Riyadh city
King Salman and Crown Prince Mohammed bin Salman have put Saudi Arabia back on the right track with the launch of Vision 2030, after the Kingdom experienced stagnation between 2005 and 2015, Prince Alwaleed bin Talal, Chairman of Kingdom Holding Co., said in an interview.
Saudi Arabia is exerting efforts to find alternatives to oil, as it cannot rely on oil for 80% to 90% of its budget, leaving it vulnerable to oil price fluctuations, said Prince Alwaleed.
He expressed optimism about Saudi Arabia’s progress, highlighting that his investments span various sectors, including tourism, hotel management, commercial real estate, industrial projects, etc.
The Crown Prince possesses boundless energy, and foresight, and is a strong strategist for the coming years, Prince Alwaleed said, adding that long-term planning for 10-15 years ahead is an essential quality for any leader.
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