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Saudi Arabia’s royals are readying a revolution from above
Article

Saudi Arabia’s royals are readying a revolution from above

GIS, 2018

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Editorial Rating

7

Qualities

  • Analytical
  • Overview
  • Background

Recommendation

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.

Take-Aways

  • Saudi Arabia’s Crown Prince Mohammed bin Salman has put forward an ambitious plan for far-reaching economic and social reforms known as “Vision 2030.”
  • Bin Salman seeks to finance large private sector development projects by selling 5% of the country’s stake in the Saudi Arabia Oil Company, which could bring in an estimated $100 billion.
  • Low international oil prices and slow economic growth in Saudi Arabia may make funding “Vision 2030” difficult.

About the Author

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


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