Saudi Arabia’s Economic Ambitions Could Fuel Gulf Rivalries

Saudi Arabia’s Economic Ambitions Could Fuel Gulf Rivalries
The Red Sea port, in Jeddah, Saudi Arabia, Dec. 14, 2020 (AP photo by Amr Nabil).

On June 30, Saudi Crown Prince Mohammed bin Salman, the country’s de facto ruler, announced a wide-ranging National Transport and Logistics Strategy. Billed as a “key pillar” of Riyadh’s sweeping development blueprint known as Vision 2030, the strategy calls for $147 billion in investments over nine years, including plans for a second national airline and new logistics zones. The operator of Saudi Arabia’s Red Sea Gateway Terminal also plans to spend $1.7 billion to expand its main port in Jeddah and invest in at least three international ports—with each investment totaling some $500 million—over the next five years.  Sustaining such international partnerships will be critical if […]

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