Campaigners hail a symbolic shift away from fossil fuels, but others see move as more style than substance
Saudi Arabia is planning to establish a $2tn (£1.4tn) sovereign wealth fund by selling off its state petroleum assets in preparation for a world beyond oil.
Greenpeace said it was a pivotal moment akin to Switzerland abandoning banking, but others claimed Riyadh had long wanted to diversify its economy and spread its wealth though it had failed to do so.
Related: Saudi Aramco – the $10tn mystery at the heart of the Gulf state