Deputy Crown Prince Mohammed bin Salman, in charge of Saudi Arabia’s
reforms, left on Monday for Washington to meet President Donald Trump on
a visit expected to promote the world’s top oil exporter as an
It will be the first meeting since Trump took office in January
between the U.S. President and the powerful prince leading the kingdom’s
efforts to revive state finances by diversifying away from falling
crude oil revenues.
Under the plan, which seeks to promote the private sector and make
state-owned companies more efficient, Riyadh plans to sell up to 5
percent of state oil giant Saudi Aramco in what is expected to be the
world’s biggest initial public offering.