How does the Saudi Aramco IPO help Saudi Arabia wean itself off of oil?

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Saudi Aramco formally announced an IPO as part of the Crown Prince’s plan to reduce Saudi Arabia’s dependency on oil. How do the two correlate?

In: Economics

4 Answers

Anonymous 0 Comments

His plan is to use the money that they get by selling a piece of Aramco to invest in non-oil parts of the Saudi economy.

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