Tag: Deputy Crown Prince Mohammed Bin Salman

Powerful Saudi prince to meet Trump

RIYADH, Saudi Arabia (AFP) — Saudi Arabia’s powerful Deputy Crown Prince Mohammed bin Salman left for the United States on Monday to meet President Donald Trump, state media said. Prince Mohammed, who is seeking foreign investment in an economic reform plan, is the highest-ranking Saudi official to hold talks with Trump since the US leader took office in January. The visit, which officially begins Thursday, focuses on the “strengthening of bilateral relations… and regional issues of […]

Saudi cabinet approves economic diversification plan

JEDDAH, Saudi Arabia (AFP) — The Saudi cabinet has approved a major plan to diversify the national economy away from oil with an aim to generate 450,000 jobs in non-government sectors by 2020, officials said Tuesday. The National Transformation Program (NTP) 2020 also aims to cut public expenditures by 40 percent over the next five years and boost the contribution of the private sector, officials said. NTP is one of several programs designed to achieve […]