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Saudi Arabia Presents Plan to Move Beyond Oil

Saudi Arabia outlined ambitious plans Monday to move into industries ranging from information technology to health care and tourism, as it sought to convince international investors it can cope with an era of cheap oil. A meeting and presentation at a luxury Riyadh hotel was held against a backdrop of low oil prices pressuring the kingdom's currency and saddling it with an annual state budget deficit of almost $100 billion — the biggest economic challenge for Riyadh in well over a...

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