“The 2030 document outlines a number of significant reforms that seek to change not only the Saudi economy, but state-society relations more broadly, in a way that hasn't been done since the Kingdom’s founding. The prince’s vision seems to have been inspired by a report issued by the McKinsey Global Institute in December 2015 titled ‘Moving Saudi Arabia’s Economy Beyond Oil.’ The vision and the report have similar policy prescriptions for diversifying the Kingdom’s economy away from oil. Such similarities highlight the influence of consultancies on policymaking in the Kingdom. Indeed, Bloomberg news reported that consultancies are set to earn 12 percent more in commissions in Saudi Arabia this year, the fastest growth amongst the world’s advisory markets. In a wide-ranging interview with The Economist in January, Prince Mohammed himself said that ‘McKinsey participates with us in many studies.’ According to the Financial Times, Saudi businessmen have sarcastically dubbed the Ministry of Planning as the ‘McKinsey Ministry.’”
“Saudi Arabia’s McKinsey reshuffle” (Adel Abdel Ghafar, Markaz)
“The 2030 document outlines a number of significant reforms that seek to change not only the Saudi economy, but state-society relations more broadly, in a way that hasn't been done since the Kingdom’s founding. The prince’s vision seems to have been inspired by a report issued by the McKinsey Global Institute in December 2015 titled ‘Moving Saudi Arabia’s Economy Beyond Oil.’ The vision and the report have similar policy prescriptions for diversifying the Kingdom’s economy away from oil. Such similarities highlight the influence of consultancies on policymaking in the Kingdom. Indeed, Bloomberg news reported that consultancies are set to earn 12 percent more in commissions in Saudi Arabia this year, the fastest growth amongst the world’s advisory markets. In a wide-ranging interview with The Economist in January, Prince Mohammed himself said that ‘McKinsey participates with us in many studies.’ According to the Financial Times, Saudi businessmen have sarcastically dubbed the Ministry of Planning as the ‘McKinsey Ministry.’”
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