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Oil, entitlement, & how MBS is changing Saudi Arabia

July 28, 2022

GZERO Staff

Oil, Entitlement, & How MBS is Changing Saudi Arabia | GZERO World

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What is Crown Prince Mohammed bin Salman really doing to modernize Saudi Arabia? On GZERO World, Ian Bremmer asks Princeton University's Bernard Hayel.

MBS, as he's known in the West, is "basically banking on the bulk of the population that's under 30, [who think] he's a rock star because of the things he's doing."

Meanwhile, "anyone over 40 hates him because he's taking away entitlements" and changing the modus operandi of the country.

Haykel explains that the crown prince knows it's unsustainable for Saudi Arabia to continue relying exclusively on oil to grow.

They're still raking it in because prices are high, but MBS needs to get ahead of the curve by reforming subsidies and taxation.

Watch the GZERO World episode: Saudi Arabia’s repressive power politics

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Oil, entitlement, & how MBS is changing Saudi Arabia

Watch the GZERO World episode: Saudi Arabia’s repressive power politics

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Oil, entitlement, & how MBS is changing Saudi Arabia

Watch the GZERO World episode: Saudi Arabia’s repressive power politics

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A federal judge set up a showdown with the Trump administration on Wednesday with a ruling that threatens to find the government in contempt if it fails to comply with a judicial order to provide due process to Venezuelans deported to a prison in El Salvador.

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