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Reshuffle shows Saudi determination to change, experts say

Deputy Crown Prince Mohammed bin Salman gives a press conference in Riyadh, on April 25, 2016, unveiling a vast plan to restructure the kingdom's oil-dependent economyWith a major government reshuffle, Saudi Arabia’s King Salman and his powerful son have shown their determination to move the kingdom’s economy away from oil, experts say. A series of royal decrees announced on Saturday merged various ministries to reflect new priorities under the wide-ranging Vision 2030 plan announced two weeks ago by the king’s son, Deputy Crown Prince Mohammed bin Salman. The world’s largest oil exporter had long talked of economic diversification but plunging oil revenues over the past two years have accentuated the effort, pushed by the 30-year-old Prince Mohammed, who heads the main Council for Economic Affairs and Development.

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