A new Saudi Arabia is undergoing a difficult and complicated rebirth. Two weeks before the arrest last Saturday of 11 Saudi princes, several ministers and entrepreneurs in an “anti-corruption” drive, Crown Prince Mohammed bin Salman organized a lavish global economic summit meeting in Riyadh to showcase his plans to diversify the Saudi economy beyond oil.
At the summit meeting, Prince Mohammed spoke of his plans to return Saudi Arabia to its original moderate Islam. So far his statements about moderate Islam seem to be a public relations exercise aimed at global investors.
Prince Mohammed also announced a $500 billion project to build a futuristic city on the Red Sea called Neom, which he said wasn’t meant to generate jobs for Saudi citizens but to serve regional interests and global capitalism.… Seguir leyendo »