Saudi prince Mohammed bin Salman 'buys £452m yacht' but slashes public spending
The maverick royal has slashed the state budget, frozen
government contracts and cut civil employees pay at a time of low oil
prices
A senior member of Saudi Arabia’s royal family bought a £452
million yacht before helping push through drastic austerity measures
within the country.Deputy Crown Prince Mohammed bin Salman picked out a Russian tycoon’s 440ft ship while holidaying in the south of France, according to the New York Times.
Prince Mohammed has frozen government contracts and it emerged this month that the country's capital spending was dropping by 71 per cent in 2016.
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