MOSCOW (Sputnik) — Saudi Arabia's Cabinet approved on Monday a roadmap, shaping a set of economic reforms for more than a decade, dubbed Saudi Vision 2030, local media reported.
"We have considered [the plan] ‘Vision of the Kingdom of Saudi Arabia’ presented by the Council of Economic and Development Affairs, and the Council of Ministers has approved it," King Salman bin Abdulaziz Al Saud was quoted as saying by the Sky News Arabiya news channel.
The monarch also urged Saudis to work jointly to guarantee the plan's successful implementation.
The aim of this plan is the liberalization of the economy and reduction of dependence on oil, the broadcaster said.
