Even in An Oil Boom, Saudi Arabia Still Seeks to Diversify Its Economy

The ultimate oil state is seeking to shift its economy away from oil.

Saudi Arabia may be experiencing its third oil boom in three decades but it is also undergoing an economic revolution that its rich but nervous leaders hope will finally insulate it from the oil producer’s curse: the next price collapse.

The Saudi kingdom remains the 600-pound gorilla of the global oil market. Given its vast reserves, Saudi Arabia can keep pumping oil for the next 70 years.

The Tech