You are hired as a new special advisor for the Government of Saudi Arabia. You are in charge of putting a plan together to get the economy back on track and to help diversify the economy away from oil (fossil fuels) to one that is more concentrated along the heavy manufacturing, technology and innovation fronts. The Crown Prince knows that this is a long-term approach but he needs a blue print from you so things can be put into action. Like the rest of the world, the economy was shut down recently and was reopened for a short period. The price of oil is currently very low. You are asked to put an action plan together not only for the short run but also to derive a plan to get the economy on track to growing (growing potential) with a goal of getting to full employment. The world economy, and not only Saudi Arabia is in some form of lockdown and you need to stabilize the economy first while thinking about sound policy for the long run. A full range of policies is available in this regard. The Crown Prince has made it clear that reliance on fossil fuels as a source of economic growth in not an option in the end. He has told you that you have complete control (within limits) on the financial, economic, social and legal levers of the Kingdom. Budget deficits exist but the Crown Prince has made it a priority to transform. In addition to your economic/strategic recommendations, I want you to discuss any social and political issues you need to address to have success come to the Kingdom. Success also involves driving investment internally and externally into the Kingdom so think about how your policies will address this! While doing this, describe what you believe key metrics look like in the short run and what you want to see in the long run. In your answer, look at things from the viewpoint of a global business weighing the option to invest in the Kingdom. After you have done this, outline an economic plan to get us back on track and moving towards a healthier economy not based on crude oil but one based on producing valuable activities such as heavy machinery, technology and innovation. The plan should outline the policies you recommend the Crown Prince incorporate. You have 2 hours. Convince the Crown Prince!