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“The business case is hard to make for manufacturing and light industry in Saudi Arabia,” says Karen Young, a senior resident scholar at the Arab Gulf States Institute in Washington.
The Neom development is the flagship project of Prince Mohammed’s plan. He unveiled the scheme at a glitzy investor conference in October where he wooed some of the world’s top bankers and executives. Neom is far more ambitious than the six economic cities launched in the 2000s: it will cover 26,000 sq m and targets attracting investment in new technologies, including renewable energy and robotics. Its goal is to contribute $100bn to GDP by 2030.
Prince Mohammed will personally oversee the project, and it is be financed by a combination of government spending, funding from the Public Investment Fund, the $230bn sovereign wealth fund, and private sector investment.
Similar diversification plans have been tried many times before and stumbled. But Saudi officials insist they have heeded ...
Prince Muhammad’s strategy of suppressing dissent while loosening up in some areas appears calculated. He has made many enemies by sidelining fellow royals, shaking down businessmen, locking up liberals and alienating religious leaders. But few question his rule. Saudis seem to be adapting to the likelihood that one unaccountable man will rule them for decades to come.
Feux Follets saysPrince Muhammad’s strategy of suppressing dissent while loosening up in some areas appears calculated. He has made many enemies by sidelining fellow royals, shaking down businessmen, locking up liberals and alienating religious leaders. But few question his rule. Saudis seem to be adapting to the likelihood that one unaccountable man will rule them for decades to come.
Yet another leader for life ruthless strongman that trump gushes over. Unlike those weak democratically elected leaders who are actually accountable to the voters.
Anyone want to take a bet on when we will start hearing that limiting the president to 2 terms is a bad deal for America? That we need to overturn the 2 term limit to MAGA.
Yet another leader for life ruthless strongman that trump gushes over. Unlike those weak democratically elected leaders who are actually accountable to the voters.
bob2356 saysYet another leader for life ruthless strongman that trump gushes over. Unlike those weak democratically elected leaders who are actually accountable to the voters.
Whereas under Obama, King Abdullah was a beacon of democracy. And nary a peep was heard from Obama or his secretary of state, Hillary Clinton.
Hey, that's a great idea. How come I did not thunk it.
So you are in favor of Trump continuing the offical US policy of sucking Saudi dick? What happened to Trump fixing Obama's mistakes? You can't have it both ways, although god knows you certainly try.
So you are in favor of Trump continuing the offical US policy of sucking Saudi dick? What happened to Trump fixing Obama's mistakes? You can't have it both ways, although god knows you certainly try.
No Bob no. You don't understand real life politics.
Obama implemented policies to suck Saudi dick. We all saw Obama bow down towards the King's dick, didn't we? Trump changed the policy to making Saudi Kings bend over, and now they know what a big dick Trump has
Have you noticed what's been happening in Saudi Arabia since Trump became President?
First Female Driver, Wrestling and Music Events, Women unbanned from many Public Events, etc.
When radical wahabbi madras schools and mosques around the world start shutting down and radical imans defunded then I'll be believe MBS is something other than a power grabbing opportunist.
BRUSSELS/RIYADH (Reuters) - Saudi Arabia has agreed to give up control of Belgium’s largest mosque in a sign that it is trying to shed its reputation as a global exporter of an ultra-conservative brand of Islam.
Boom - Saudi Arabia breaks with ultra conservative Mosque.
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https://english.alarabiya.net/en/News/gulf/2017/11/04/King-Salman-issues-Royal-Orders-relieves-Minister-of-the-National-Guard.html
They also arrested Saudi Billionaire and Trump Hater, Prince al-Waleed bin Talal,on corruption charges, along with several other ministers and former ministers.
https://www.nytimes.com/2017/11/04/world/middleeast/saudi-arabia-waleed-bin-talal.html
WOW. History in the making folks. And it was all waiting for a President that could backstop them during their reforms, who wasn't a Political Islamicist Sympathizer or Neoliberal, but a man of business.
#Saudi #SaudiArabia #EndOfWahabi