8 years ago
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Even Saudi Arabia Is Preparing For The End Of Oil
The world’s dependence on oil is fading, and Saudi Arabia doesn’t want to get left behind. The kingdom will build a $2 trillion sovereign wealth fund to slowly but unmistakably transform its economy for a post-oil world, Bloomberg reported Friday morning. The news was delivered by Deputy Crown Prince Mohammed bin Salman during a five-hour interview at his royal compound that stretched until 4 a.m. local time.
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http://www.huffingtonpost.com
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They've been for a long time. They may be ridiculously backwards, but they aren't stupid.