- Crown prince appeared as guest on the Liwan Al Mudaifer Show
Arab News
RIYADH: Saudi Arabia was in talks to sell another 1 percent of Saudi Aramco to a foreign investor, Crown Prince Mohammed bin Salman said in a TV interview broadcast on Tuesday night.
The wide-ranging discussion covered a number of economic and social targets within the Kingdom’s Vision 2030 program.
He said there would be no income tax introduced and that the government aimed to reduce unemployment to 11 percent this year compared to 14 percent five years ago, when Vision 2030 was launched.
The prince was talking on the Liwan Al-Mudaifer Show, presented by Saudi host Abdullah Al-Mudaifer, on the Rotana Khaleejiah channel to mark the fifth anniversary of the reform program, which aims to diversify Saudi Arabia’s economy away from oil dependence.
In March, Mohammed bin Salman unveiled the “Shareek” plan, which aims to develop stronger partnerships between the public and private sectors, while also announcing investments led by Aramco of SR5 trillion ($1.3 trillion) for the latter.