Chief financial officers (CFOs) from some of the world's largest firms are largely lukewarm on the economic shakeup Saudi Arabia is currently undertaking, according to a new survey conducted by CNBC.
Nearly 40 percent of global CFOs across a wide range of industries said there was "no change" when asked whether the new measures made Saudi Arabia a more attractive investment proposition. Nearly 35 percent said it would only make the country "slightly" more attractive for investment. Over 5 percent of the respondents said it would be "slightly less" attractive.
In April, Saudi Arabia's government unveiled a long-term economic blueprint for life in a low-oil-price world. Titled "Saudi Vision 2030," the plan includes regulatory, budget and policy changes that will be implemented over the next 15 years in the hope of making the kingdom less reliant on crude. The commodity has suffered a dramatic fall in price since mid-2014 and the bulk of Riyadh's state revenues come from energy exports.