In an article for Al Arabiya, AGSIW scholars noted the significance behind Saudi Deputy Crown Prince Mohammed bin Salman’s announcement of a Saudi Aramco IPO of up to 5 percent. AGSIW Senior Resident Scholar Karen Young noted the interdependence of the country’s sovereign wealth fund and Saudi Aramco’s IPO: “If the sovereign wealth fund will be funded by a sale of Aramco shares, then the post-oil recovery depends on the resilience of oil prices and Aramco’s – Saudi – oil production and efficiency.”
In the same article, AGSIW Non-Resident Fellow Fahad Nazer discussed the expectation of government institutions to make decisions quickly: “Those who have heard Prince Mohammad Bin Salman speak about his vision for the future of Saudi Arabia and who have taken part in the workshops that have debated the soon to be unveiled National Transformation Plan, have all maintained that the emphasis will be on performance, accountability and results.”