Saudi Arabia announced Wednesday the formation of an international finance and accounting academy in Riyadh in cooperation with a U.S. company, Saudi Press Agency reported.

The academy will offer training for government workers and private organizations, and design pre-graduation specialized training for students. The budget of the academy wasn't mentioned.

An agreement was signed between the Ministry of Commerce and Investment and U.S. company PricewaterhouseCoopers (PwC), highlighting the academy will be operated by the PwC and provide professional training for Saudis to meet the goals of the recently launched economic vision 2030.

Approved in April by the Saudi cabinet for post-oil era with the focus on business reforms and investments, the vision mainly aims to make the country less-dependent on oil revenues, so as to boost economic growth and create millions of jobs. Endit

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