Can Saudi Arabia win back its business partners after journalist’s murder?
6 years, 2 months ago

Can Saudi Arabia win back its business partners after journalist’s murder?

CNN  

Riyadh, Saudi Arabia CNN Business — Global business relationships that were carefully cultivated by Saudi Arabia have been badly damaged by the murder of journalist Jamal Khashoggi, casting the kingdom’s economic reforms into serious doubt. The kingdom had hoped an investment conference in Riyadh this week would be a star-studded celebration of Crown Prince Mohammed bin Salman’s Vision 2030 program to transform the economy, attended by a who’s who of Silicon Valley, Wall Street and multinational corporations. Central to the diversification plan are projects to develop Red Sea tourism, build the world’s largest entertainment city near Riyadh, and Neom, a futuristic $500 billion mega metropolis spanning three countries. “We’ve had tens of meetings with our partners behind closed doors here … and the emphasis of all those meetings are commitment and let’s go, let’s move on,” he said on Thursday Analysts are less bullish about the progress bin Salman is making in weaning the economy off what he once called its “addiction to oil.” Deals were signed in Riyadh this week, but most of them were with state-owned oil giant Aramco.

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