Results for Category: Saudi Arabia

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One Year On, Saudi Arabia’s Vision 2030 Encounters Problems

According to several observers, the plan’s goals, although positive for Saudi Arabia in the long-term, are not compatible with country’s political, social and economic context. “Basically, the regime could collapse by implementing their own plan, but they might also collapse if they don’t,” Kirkegaard explained. “They are in deep structural trouble, and that’s not counting the geopolitical pressure they face over their continued involvement in Syria and Yemen.”

Saudi Arabia Flexes Foreign Policy Muscles

Saudi Arabia’s new assertiveness has been linked in the first place to the growing influence of the king’s 30-year-old son and deputy crown prince, Mohammad bin Salman. Prince Mohammad has been accumulating power since he was appointed minister of defense immediately after his father became king. He has also dominated economic policies, rocking the commodities world by announcing the creation of a $2 trillion megafund to make the country less depend on oil.

The Saudi Shura Council

The Saudi Majlis al-Shura or consultative council is a body of appointed members whose primary task is to study and propose laws. The council has the authority to interpret existing legislation, as well as to demand and audit annual performance reports referred to it by state ministries and agencies. While expectations for the Shura Council to represent people’s needs and wants remain high, it is worth bearing in mind that in an absolute monarchy, the Shura is currently the closest thing the Kingdom has to a democratic body.

A New Saudi Vision Revealed, But Can It Be Achieved?

Saudi Arabia’s Vision 2030 was announced on 25 April 2016 with much fanfare and received a positive reception from many quarters. In a nutshell, this ambitious plan calls for the weaning off of the country’s near total dependency on its oil resources and the introduction of a more diversified economic portfolio, with 2030 set as the target by which oil resources would factor insignificantly in the total GDP.