The Saudi Crown Prince Is Gambling Everything on Three Major Experiments
Call it shock and awe. Call it a purge. Call it a clean sweep. However it’s characterized, the mass arrest of some of Saudi Arabia’s most prominent royals, administrators, and tycoons last weekend has completely upended both the structure of the Saudi elite and the country’s way of doing business. It’s not exactly the Night...
Call it shock and awe. Call it a purge. Call it a clean sweep. However it’s characterized, the mass arrest of some of Saudi Arabia’s most prominent royals, administrators, and tycoons last weekend has completely upended both the structure of the Saudi elite and the country’s way of doing business. It’s not exactly the Night of the Long Knives, as the luxurious Ritz-Carlton hotel in which the detainees are being held is hardly a nightmarish gulag. But it is the latest installment in an astonishingly rapid series of upheavals whereby all power is being concentrated in the hands of elderly King Salman and his 32-year-old son and heir, Crown Prince Mohammed bin Salman, also known as MbS.
If MbS is behaving like any of his predecessors it is King Abdel Aziz ibn Saud, who founded the modern Saudi state in 1932. He is essentially positioning himself as a new Abdel Aziz who will create a new Saudi Arabia for a new era and a new economy. Clearly, he intends to do that by wiping the slate clean and beginning with an overwhelmingly strong hand that brooks no opposition. The purges are being carried out under the rubric of anti-corruption, in a populist spirit and with what appears to be a strong constituency of public support, especially among the youth. The prince is simultaneously implementing his Vision 2030, which includes an emphasis on local tourism and entertainment, and social changes deemed necessary for both modernization and economic diversification, particularly regarding women’s rights like the right to drive.
The war has hit the United Arab Emirates during a period of cultural and economic flourishing. While life goes on amid continuous Iranian attacks, the country’s residents rally for its postwar return.
The Iran conflict has arrived at the worst possible moment for Gulf sustainable finance, a sector already navigating fiscal strain, a global ESG backlash, and the unresolved tension between hydrocarbon revenue and transition capital.
On April 14, AGSI hosted a discussion on how the Gulf Arab states can transition from crisis management to position themselves for sustainable postconflict growth.
Riyadh and Abu Dhabi urged President Trump not to attack Iran, but now that the war is into its second month, leaving the current situation in place would be an unthinkable fiasco for them.
Though they were unsuccessful in preventing the current conflict, and, as expected, have been dragged into the U.S.-Israeli confrontation with Iran, Gulf Arab countries remain crucial to hopes for limiting the war and bringing it to a quick resolution.
After decades of tolerating Hezbollah’s warmaking independence, the current crisis has compelled Lebanese leaders to ban its military activities; this project will do much to determine the reach Iran can maintain in the Arab world.
Gulf Arab countries urged the United States not to strike Iran, but now that is happening, they are in danger of being sucked into a conflict they cannot control but that will likely reshape their present and future realities.
On January 8, AGSI hosted a virtual roundtable with its leadership and scholars as they look ahead and assess trends likely to shape the Gulf region and U.S. foreign policy during the coming year.
