One on One with Ali al-Naimi, Oil Minister of Saudi Arabia

ALI AL-NAIMI, OIL MINISTER, SAUDI ARABIA: You know, Saudi Arabia today is highly dependent on one source of revenue from hydrocarbons production for (INAUDIBLE) of oil. Now we cannot continue forever on this source of income. The whole purpose is, let us do our best to diversify the economy, industrialize and move to a knowledge society eventually.

GHARIB: But Mr. Naimi, when you — what are you going to focus on? What will be the biggest growth industry outside of oil ultimately?

AL-NAIMI: Number one is food. Number two is water. Number three, believe it or not, is energy and environment. These are the three areas of focus. Now, why do I say energy? It’s a different energy. It’s solar energy.

PBS