{"id":45384,"date":"2016-06-08T11:52:58","date_gmt":"2016-06-08T15:52:58","guid":{"rendered":"http:\/\/planetsave.com\/?p=45384"},"modified":"2016-06-08T11:52:58","modified_gmt":"2016-06-08T15:52:58","slug":"saudi-prince-plans-end-countrys-oil-addiction","status":"publish","type":"post","link":"https:\/\/planetsave.com\/articles\/saudi-prince-plans-end-countrys-oil-addiction\/","title":{"rendered":"Saudi Prince Plans To End Country’s “Oil Addiction”"},"content":{"rendered":"

When the world’s largest producer and exporter of oil sets a plan in motion to end its own oil addiction and move to a low-carbon economy, it speaks volumes about the potential for our global renewable energy aspirations. Perhaps just a few short years ago, the idea of Saudi Arabia<\/a> moving away from an oil-based economy would have been more in the realm of fiction, not fact, but as they say, the times, they are a changin’<\/a>.<\/p>\n

Deputy crown prince Prince Mohammed bin Salman<\/a>, who is next in line behind the crown prince, and his father, King Salman, has taken some bold steps in his role as chairman of the Council for Economic and Development Affairs, and the latest is an ambitious plan to move the country to an investment-based economy.<\/p>\n

In a press conference this week, the 31-year-old Prince Mohammed announced his “Vision 2030” plan, which gained approval from the Saudi cabinet later that day, and although the plan is estimated to cost upwards of $2 trillion dollars to achieve, it’s not unrealistic for Saudi Arabia, as there is probably no other country that has the potential to pull this off.<\/p>\n

“We have developed an oil addiction in the kingdom of Saudi Arabia, among everyone. That is dangerous, and that is what has hampered the development of many different sectors in recent years.” – Prince Mohammed bin Salman<\/em><\/p>\n