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 the $2 trillion figure mentioned in relation to the IPO?

How does the deputy Crown Prince envision Saudi Arabia's future in relation to oil dependency?

What measures are being taken to reduce government spending in Saudi Arabia?

What are some of the mining resources that Saudi Arabia has yet to fully utilize?

What is the target for non-oil revenue by the year 2030?