Saudi Arabia Makes Plans for Life After Oil

The video discusses Saudi Aramco's potential IPO, which could be the largest in history, raising over $2 trillion. The Saudi government plans to sell less than 5% of Aramco to reduce its dependency on oil. The Crown Prince aims to diversify the economy by 2020, focusing on reducing military spending, cutting subsidies, and increasing non-oil revenue. The country also plans to utilize its mining assets more effectively, aiming for $100 billion in non-oil revenue by 2030.

What is the significance of Saudi Aramco's IPO in terms of its potential financial impact?

• It could raise more than $2 trillion, enough to buy major US companies.

• It aims to increase oil production significantly.

• It is expected to be the smallest IPO in history.

• It will only focus on local investments within Saudi Arabia.

According to Dogma Capital, why is the $2 trillion valuation of Saudi Aramco considered cheap?

• Because it assumes an oil price of $10 per barrel.

• Because it is based on outdated financial data.

• Because it includes the value of all Saudi assets.

• Because it excludes future oil reserves.

What is one of the key goals of Saudi Arabia's economic diversification plan?

• To decrease foreign investments.

• To focus solely on oil exports.

• To cut subsidies and reduce wasteful spending.

• To increase military spending.

How does Saudi Arabia plan to utilize its mining resources as part of its diversification strategy?

• By exporting all mining resources immediately.

• By increasing the use of its uranium reserves.

• By focusing only on gold mining.

• By selling mining rights to foreign companies.

What is the target non-oil revenue Saudi Arabia aims to achieve annually by 2030?

• $75 billion

• $50 billion

• $100 billion

• $150 billion