Stories written by Adel Abdel Ghafar

Vision 2030 & the Political Costs of Saudi Reforms – Part 2

A pillar of the Saudi social contract has been the allocation of oil rents to the population in exchange for loyalty and fidelity to the Saud clan. A key weakness of Vision 2030 is its lack of focus on the potential political consequences of economic reforms. The plan seems to assume that its ramifications will be easily borne by the Saudi population.

Will Vision 2030 Usher the New Kingdom of Saud? – Part 1

The Kingdom of Saudi Arabia is undergoing a process of change in its social, economic, and political structures unseen since its founding in 1932. Crown Prince Mohammed Bin Salman and a group of close advisors, aided by an army of multinational consultants and investment bankers, have been driving this transformation.