The plan is part of the wider long-term Vision 2030 reforms set out earlier this year by Saudi DeputyCrown Prince Mohammed bin Salman, designed to reduce the economy's dependence on oil and build a sustainable future.
Under the new transformation plans, which were granted cabinet approval on Monday, Saudi Arabia plans to raise non-oil revenue to 530 billion riyals($141.32 billion)by 2020 from 163.5
