Summary of Saudi Arabia’s royals are readying a revolution from above

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Saudi Arabia’s Crown Prince Mohammed bin Salman has outlined an ambitious plan to modernize the kingdom. Yet many observers remain skeptical as to whether he will find sufficient funding for his plan and whether the country’s traditional society will accept the far-reaching social and economic changes “Vision 2030” would bring. Writing for Geopolitical Intelligence Services, Ambassador Zvi Mazel lays out the many political, economic and social obstacles bin Salman faces in implementing his project. getAbstract recommend this analysis to anybody with an interest in the world’s second-largest oil producer.

About the Author

Zvi Mazel is a former Israeli diplomat. He served as ambassador to Egypt, Romania, and Sweden.

 

Summary

Saudi Arabia’s Crown Prince Mohammed bin Salman has rolled out an ambitious plan for far-reaching economic and social reforms. Known as “Vision 2030,” the plan aims to wean the kingdom’s economy off its dependence on oil exports and boost private sector industries ranging from mining to tourism. The plan also calls for the construction of a futuristic city, NEOM, with an industrial zone connected to Egypt and Jordan.

Financing for the Prince’s ambitious project is wrought with uncertainty. In addition to attracting foreign investment, the Saudi government hopes to pay for private ...


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