SUBSCRIBERS

A powerful young prince in a hurry to transform Saudi Arabia

Published Mon, Jan 11, 2016 · 09:50 PM

Istanbul

SAUDI Arabia, one of the most tradition-bound societies on the planet, where family structure and tribal patriarchy differ little from a century ago, is suddenly in a hurry. It has done more in the past week than in most years. Over eight days, it has executed dozens of militants, severed ties with Iran and announced numerous steps for a radical rollback of the state that may include privatising oil giant Saudi Aramco.

The flurry of action, a result of tumbling oil prices, shifting US interests and regional turmoil threatening rulers across the Middle East, appears to be largely the work of Prince Mohammed bin Salman, the 30-something son of King Salman, in office less than a year. And while his ambition to modernise has drawn praise, some fear he is in over his head.

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to  t.me/BizTimes

International

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

Get the latest coverage and full access to all BT premium content.

SUBSCRIBE NOW

Browse corporate subscription here