Vision 2030 is Saudi Arabia’s grand plan to future-proof its oil-based economy. Experts say it’s a huge risk.

Almost a century after the country stumbled upon its oil riches, changing times have pushed the House of Saud dynasty to confront the critical turning point it has reached — one that demands another radical transformation.

A global climate crisis shifting the world away from oil, a growing population of young hopefuls desperate for opportunity, and the rising star of a king in waiting who’s ready to build a nation in his image. These factors have coalesced to create a singular mission to keep the kingdom thriving.

It’s called Vision 2030. By the end of the decade, Saudi Arabia aims to pull off the ambitious, three-pronged feat of creating an economy no longer dependent on oil, improving the lives of its nearly 40 million people, and keeping its place on the global stage.

Source: Business Insider