World

Saudi innovation takes the wheel

For more than seven decades, oil has been at the heart of Saudi Arabia’s economic transformation. But as global oil prices have repeatedly demonstrated, an economy overly exposed to a single commodity is vulnerable to forces beyond its control. The Kingdom’s response has been to build a more diversified economy in which innovation, industry and the private sector play increasingly central roles. That transformation gained a defining framework with the launch of Vision 2030 on April 25, 2016. T