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Opinion: Saudi Arabia – progress, or megalomania? | Middle East | DW | 26.10.2017
Tags: Current Focus, Saudi Arabia,
This opinion in DW.com says modernization of Saudi Arabia will take many years and a different mindset from the ultraconservative nature of the country, and cannot be accomplished by a few megaprojects that are announced by Prince bin Salman. He says the 32 year old leader lacks experience. The cost of the new project of $500 billion he has announced to be built in the northwest of the country is extremely high with no clear source of investment funding. Efforts for a more moderate Islam are also seen with much skepticism as Wahhabism has dominated the region for many years with little change. Change from the ground up is needed more than top down says DW.com. This is particularly true for gains to be made in women's rights and other social issues.
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Opinion: Saudi Arabia – progress, or megalomania? | Middle East | DW | 26.10.2017
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Opinion: Saudi Arabia – progress, or megalomania? | Middle East | DW | 26.10.2017
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Oil policies will be decided by the same group of advisors around King Abdullah. As most advisors, including oil minister Naimi, 79, who conducts OPEC negotiations, are from an older generation, the long term future remains uncertain.
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The planned Saudi sovereign wealth fund would be a way to generate income from investments overseas. This would be used to support projects at home to employ the surging job seekers as about three times the jobs created in the 2003-2013 boom will be needed in future years, according to McKinsey consultants, because of the demographic changes.
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Opinion: Saudi Arabia – progress, or megalomania? | Middle East | DW | 26.10.2017
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King Salman promoted development in Diriyah, the capital of the Saudi state to which it traces its origins, when he was governor of Riyadh province. The first Saudi state had its origins here in the 18th century, till its overthrow by the Ottomans. Sheikh Wahhab promoted a form of Islam which removed worship of saints and saint relics, to return to the Islam of the early days. Committment to Sheikh Wahhab and his philosophy helped the Saud family unite the Arabian peninsula. With the help of U.S. president FDR the new Saudi state was established in 1932 binging Ibn Saud, the father of King Salman to the monarchy. King Salman visits Diriyah on weekends and plans to build a museum complex and park in Diriyah dedicated to Sheikh Wahhab.
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Opinion: Saudi Arabia – progress, or megalomania? | Middle East | DW | 26.10.2017
DW.COM 10/26/2017
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