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Aramco IPO doubts cast further gloom over Saudi reform plans

In the run-up to the latest effort to establish Saudi Arabia’s credentials as a forward-looking hub for investment, clouds are gathering over the recession-hit economy and the government’s commitment to reforms set out by Crown Prince Mohammed Bin Salman Bin Abdelziz (MBS) in his Vision 2030 strategy. The Future Investment Initiative conference, which is being staged by the Public Investment Fund in Riyadh on 24-26 October, comes at a time when strains on the local economy are showing up ever more clearly.

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