14-04-2016 11:05 via news.yahoo.com

How Saudi Arabia plans to shake up its economy

By Katie Paul, Marwa Rashad and Andrew Torchia RIYADH/DUBAI (Reuters) - In late February, several hundred Saudi officials, company executives and foreign consultants gathered in a luxury Riyadh hotel to discuss how Saudi Arabia's economy could survive an era of cheap oil. One company manager at the event told Reuters that officials from about 30 Saudi government bodies manned booths in which they described their challenges. "It was like a private sector version of a national parliament." The wor
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