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Saudi's deputy crown prince to propose $72 bln reform plan during visit to G20


08-30-2016 00:24 BJT

Full coverage: G20 Hangzhou Summit

Saudi Arabia's Deputy Crown Prince Mohammad bin Salman is expected to propose a 72-billion-US dollar economic reform plan during his visit to the G20 meetings in China.

Mohammad is Saudi Arabia's second deputy prime minister and also the youngest minister of defense in the world. Mohammad is in China from Monday to Wednesday and will co-chair a high level meeting with Chinese Vice Premier Zhang Gaoli to discuss economic cooperation and security issues.
After China, the prince will visit Japan and then head back to G20 in Hangzhou. Mohammad is active in reforming Saudi's oil-dependent economy. In April, he proposed reforms to attract foreign investment and develop its non-oil industries.

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