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Saudi Arabia and MBS are Far From Breaking Their Reliance on Oil

Summary by Bloomberg
Around a decade ago, Saudi Arabia’s now Crown Prince Mohammed bin Salman said the kingdom’s economy would be able to survive without oil by 2020, a claim he linked to huge investments aimed at steering the country into a new era. Today, key indicators show the government remains just as reliant on petrodollars, if not more so.

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Bloomberg broke the news in United States on Wednesday, July 30, 2025.
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