Saudi citizens disappointed with Vision 2030's fake promises

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Saudi Crown Prince Mohammed Bin Salman's Vision 2030 plan to create a vibrant private sector that can wean the Kingdom off its overwhelming dependence on oil revenue is stalled. 

Over the past two years, consumer spending has tanked as higher prices for gasoline, water and electricity caused citizens to nervously hold on to their sparse pocketbooks. 

The private sector, long dependent on cheap foreign labor—9 of 10 workers in the private sector are foreigners—has seen an exodus of some 1.1 million expatriate laborers over the past two years.

The exodus has further drained consumer spending from the Saudi economy. As a result, the private sector isn’t leading but loudly calling for a lifeline.

Watch one of the disappointed person who speaks of his hopes attached to Vision 2030:


 

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