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The recent crash in oil prices threatens to hinder MBS’s ambitious and over budget Vision 2030 project and exacerbate their economic crisis. So in this video we’ll explain why Saudi Arabia wants to reduce its reliance on oil and why it’s so hard to do so.

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Recent Saudi deficit data https://www.bloomberg.com/news/articles/2025-05-06/saudi-arabia-debt-levels-jump-most-since-oil-went-negative
Role of oil in Saudi economy https://www.worldfinance.com/strategy/the-sun-is-setting-on-saudi-oiln
Saudi employment data https://www.sercoinstitute.com/news/2022/are-saudis-for-saudisation
Saudi recession data https://www.bloomberg.com/news/articles/2024-05-01/saudi-economic-contraction-eases-as-oil-activities-less-subdued
Saudi govt spending https://tradingeconomics.com/saudi-arabia/government-spending
Goldman estimates on Saudi budget https://www.bloomberg.com/news/articles/2025-04-10/saudi-arabia-deficit-could-rise-to-over-65-billion-on-oil-crash-goldman-warns
Why Saudis are increasing production https://www.bloomberg.com/opinion/articles/2025-05-01/opec-puzzle-understanding-the-saudi-push-for-lower-oil-prices
Bloomberg breakeven price estimates
https://www.bloomberg.com/news/newsletters/2025-04-07/trump-tariffs-crude-oil-slump-add-to-saudi-arabia-s-challenges-uae-stocks-drop

0:00 Intro
1:10 Vision 2030 Explained
4:07 Saudi Plan for $100 Oil
6:05 Can Saudis Cope with $60 Oil?

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