Saudi Arabia's attempt to reduce reliance on oil has the world rapt

Kingdom's plan to diversify economy with Vision 2030 project could be blueprint for other countries hooked on 'black gold'

Saudi Arabia has captured the world's attention with the announcement of an ambitious agenda, called Vision 2030, aimed at overhauling the structure of its economy. The plan would reduce historical high dependence on oil by transforming how the kingdom generates income, as well as how it spends and manages its vast resources. It is supported by detailed action plans, the initial implementation of which has already involved headline-grabbing institutional changes in a country long known for caution and gradualism.

Related: Mohammed bin Salman: the prince trying to wean Saudi Arabia off oil