Saudi Arabia’s Economic Ambitions Could Fuel Gulf Rivalries

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 […]