The conversation between human and AI assistant.
Saudi Arabia in 2016: What oil price does Saudi Arabia need to balance its budget?
What kind of policies have they implemented to diversify their economy?
Saudi Arabia has launched a number of initiatives, such as Vision 2030, to reduce their reliance on oil and develop other sectors like tourism, technology, and renewable energy. They have also worked to improve the ease of doing business in the country to attract more foreign investment.