Synopsis
The moves continue a shift of policy decisions away from traditional bodies such as the finance ministry and central bank, which began with the formation of a Council of Economic and Development Affairs, headed by the prince, after his father King Salman took the throne in 2015.
AP
Prince Mohammed, who became crown prince in 2017 in a palace coup that ousted his predecessor, has consolidated his hold over the main levers of power in the world s largest oil exporter.
Saudi Arabia s de facto ruler, Crown Prince Mohammed bin Salman, said in a televised interview that he will further centralise policymaking, to ensure the success of his drive to diversify the economy.
Windsor Castle27th April, 2021Her Excellency Mrs Ivita Burmistre was received in audience by The Queen today via video link and presented the Letters of Recall of her predecessor and her own Letters
Full transcript of Crown Prince interview on Vision 2030 April 28, 2021
Saudi Gazette report
RIYADH Crown Prince Muhammad Bin Salman, who is also the chairman of the Council of Economic and Development Affairs, discussed on Tuesday the most important achievements of the Kingdom Vision 2030 programs and projects over the past five years.
In an interview broadcast by the state’s television and the most important Arab television channels, the Crown HRH Crown Prince affirmed that oil greatly served Saudi Arabia, pointing out that the Kingdom has been a country established before the discovery of oil.
He disclosed that the volume of income and growth achieved by oil is much greater than our needs at that time, particularly in the thirties and forties, adding that the volume of the surplus of income and economic growth was much more than we were aspiring for by hundreds of times.
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