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In broad terms, the prince would like to bring up its Public Investment Fund (PIF) capital to trillion from 0 billion.

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“We got outside and there’s a Rolls-Royce and this man standing there and I was like, ‘What’s the gift — the guy or the car? And then this guy just hands Kendall a pair of keys to this car and I was like, ‘Do we even know who this guy is? “He was some prince and I was like, ‘Is this a joke?’ On my 21st birthday I got, like, a dinner and a purse!Per , he had earlier appeared in a televised al-Arabiya interview, noting, "We have developed a case of oil addiction in Saudi Arabia. I think by 2020, if oil stops we can survive." Also part of his new blueprint: including women more in the economy and appealing to young people who face the prospect of not finding jobs.The BBC notes that more than 70% of the kingdom's revenue came from oil in 2015, but oil prices continue to plummet and Saudi Arabia's economy is suffering, per Al Jazeera.Also part of the prince's game plan: setting up a "green card" system in five years' time to expedite Muslim and Arab expatriates' long-term residency, as well as boosting affordable housing and getting more women into the workforce.

The founder of the DC-based Saudi American Public Relations Affairs Committee tells Al Jazeera this a "visionary move," but another Saudi expert says he's seen similar changes proposed before.

Obama is expected to meet with King Salman bin Abdulaziz and attend a meeting of Gulf Arab heads of state of the six Gulf Cooperation Council countries during his two-day visit to the kingdom.

President Barack Obama's arrival to Riyadh, Saudi Arabia, on Wednesday.

The stunning, dark-haired Ameerah, 30, was Alwaleed’s fourth wife, and their split is said to be amicable. But they support each other, and they are good friends,” a spokeswoman for the princess told me. One of them is the mother of my two children.” Ameerah — who was in Manhattan a couple weeks ago having lunch with Jenna Bush, Gayle King and Arianna Huffington — runs a production company, Time Entertainment, and a youth charity, Tasamy Social Initiatives Center.

Earlier this year, Alwaleed, who supports women’s rights, told Vanity Fair, “I had three unsuccessful marriages yet I have a very good relationship with these wives. Despite the princess’ beauty and accomplishments, there are billions of reasons why there are even more women eager to become the prince’s fifth wife than there are men interested in becoming Ameerah’s second husband.

A Saudi prince is being sued for hundreds of thousands of dollars for throwing a wild party, allegedly fueled by coke and naked women.