Just two weeks ago, the Future Investment Initiative summit in Riyadh took place to international acclaim. Now, investor interest has turned to intense uncertainty, as power shifts unfold in the Gulf. But despite the short-term risks, Alex Damianou argues that the long term impact should be positive.
The 4th of November was an historic day in Saudi Arabia. King Salman and his son, Crown Prince Mohammed bin Salman (MbS), demonstrated their continued, almost Machiavellian determination to execute social and economic reforms under Vision 2030. Their goals – to usher in a new area of transformation, consolidate power, and re-assert themselves on the regional battleground towards Iran.