Economic

Saudi Arabia to Overhaul Military in Plan for Life After Oil

“Saudi Arabia’s plans to overhaul every corner of its economy won’t spare the military. The kingdom will put its armaments industry under a holding company as it prepares for a post-oil era. Part of that reboot will seek to meet more of its military needs domestically and diversify its economy, Deputy Crown Prince Mohammed bin Salman said.”

Source: Saudi Arabia to Overhaul Military in Plan for Life After Oil – Bloomberg

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