Deputy Crown Prince Mohammed bin Salman revealed that Saudi Arabia will announce a comprehensive plan to prepare the kingdom for the post-oil era on April 25. This came during an interview with Bloomberg, last week, explaining that the "Future Vision of Saudi Arabia" will include many development, economic, social and other programs.

Saudi Arabia's Future Vision will include many programs.

Willi said: One of the elements of this "vision" is the National Transformation Program, which will be launched a month or 45 days after this month's announcement.

Another element of this «vision» is the plan to transform Saudi Aramco from an oil company to an energy and industrial conglomerate...All these elements are examples of part of the comprehensive future vision for Saudi Arabia and as part of that strategy, the deputy crown prince confirmed that Saudi will sell less than 5% of parent Aramco in an initial public offering that could happen as early as next year. The company will be transferred to the Public Investment Fund, which "will technically make investments the source of revenue for the Saudi government, not oil," the prince said in the previous interview.

The fund will then play a major role in the economy by investing at home and abroad. Ultimately, the PIF intends to increase the share of foreign investments to approximately 50% of the fund by the end of 2020, from the current 5%, excluding Aramco.

The PIF will eventually play a major role in the economy by investing at home and abroad.

On oil, Deputy Crown Prince Mohammed bin Salman bin Abdulaziz confirmed in an interview with Bloomberg that the Kingdom will not stabilize oil production unless all other producers, including Iran, participate, explaining that if no agreement is reached; the Kingdom will not miss any sales opportunity it gets, indicating that it will maintain its market share, which is estimated at "10. 3-10.4" million barrels.3-10.4 million barrels per day, if an agreement is reached to stabilize production, and if others do not stabilize production, Saudi Arabia will not either.

It is noteworthy that the sovereign wealth fund (Public Investment Fund), which announced to be launched soon and the Deputy Crown Prince is considered the largest sovereign investment fund in the world, as its size will reach two trillion dollars, which will generate financial income for the Kingdom to compete with oil revenues that will not become the first source of government revenues.