Power, oil and a $450m painting – insiders on the rise of Saudi’s Crown Prince 2024 exclusive

Saudi's Crown Prince

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Introduction : Saudi’s Crown Prince

Crown Prince Mohammed bin Salman (MBS) has rapidly ascended to become one of the most influential figures in global politics, reshaping Saudi Arabia’s economic landscape and positioning the kingdom as a pivotal player on the world stage. Saudi’s Crown Prince

His rise to power is marked by bold initiatives, strategic investments, and a blend of traditional and modern approaches that have drawn both admiration and controversy. Saudi’s Crown Prince This article delves into the key elements that have defined MBS’s journey to power, from his control over oil resources to his role in transforming Saudi Arabia’s cultural identity, symbolized by the acquisition of the world’s most expensive painting.

The Consolidation of Power

MBS’s rise to power has been characterized by his ability to consolidate control over Saudi Arabia’s key institutions. Appointed Crown Prince in 2017, he swiftly moved to centralize authority, sidelining rivals and positioning himself as the de facto ruler of the kingdom. His influence extends across all major sectors, including defense, economics, and domestic policy.

  • The Anti-Corruption Purge: One of MBS’s most significant moves was the 2017 anti-corruption purge, during which numerous high-profile princes, officials, and business leaders were detained at the Ritz-Carlton hotel in Riyadh. This operation, while officially aimed at curbing corruption, also served to neutralize potential threats to his rule and solidify his grip on power. Saudi’s Crown Prince The move was seen as a clear message that MBS was in control and would not tolerate dissent. Saudi’s Crown Prince
  • Economic Reforms and Vision 2030: MBS’s economic vision, encapsulated in the ambitious Vision 2030 plan, aims to diversify Saudi Arabia’s economy away from oil dependency. Saudi’s Crown Prince This plan includes the development of new sectors such as tourism, entertainment, and technology, Saudi’s Crown Prince with the goal of modernizing the Saudi economy and reducing its vulnerability to oil price fluctuations. The Vision 2030 initiative has garnered significant international attention and investment, further cementing MBS’s status as a reformist leader. Saudi’s Crown Prince

Oil as a Lever of Power

Saudi Arabia’s vast oil reserves have long been the foundation of its wealth and influence, and MBS has deftly used this resource to bolster his position both domestically and internationally. Saudi’s Crown Prince As the world’s largest oil exporter, Saudi Arabia wields considerable power within OPEC and in global energy markets.

  • OPEC Leadership: Under MBS’s leadership, Saudi Arabia has played a central role in OPEC, often acting as the group’s unofficial leader. MBS has used this platform to influence global oil prices, whether by advocating for production cuts to stabilize prices or increasing output to meet global demand. His strategic decisions within OPEC have significant implications for the global economy and have reinforced Saudi Arabia’s position as an energy superpower.
  • Oil Revenue and Domestic Stability: Domestically, MBS has leveraged oil revenues to maintain social stability and fund his ambitious economic projects. Subsidies, public sector jobs, and government spending are all underpinned by oil income, allowing MBS to implement his Vision 2030 reforms while keeping potential unrest at bay. However, this dependence on oil revenue also poses challenges, particularly as the world shifts towards renewable energy and reduced carbon emissions.

Cultural Shifts and the $450 Million Painting

In addition to economic and political power, MBS has sought to transform Saudi Arabia’s cultural landscape. His efforts to open up the kingdom to global influences, while maintaining its Islamic identity, reflect his broader strategy of modernization.

  • Social Reforms: MBS has introduced several social reforms aimed at loosening the strict social codes that have long defined Saudi society. These include lifting the ban on women driving, allowing cinemas to reopen, and promoting entertainment and tourism as part of the Vision 2030 initiative. These changes have been met with both praise and criticism, as they represent a significant shift in the kingdom’s cultural norms.
  • Salvator Mundi and Soft Power: One of the most symbolic actions taken by MBS to assert Saudi Arabia’s cultural influence was the 2017 purchase of Leo nardo da Vinci’s “Salvator. The acquisition of this masterpiece was not just about art; it was a statement of Saudi Arabia’s growing soft power. The painting, which is reportedly destined for display in the future cultural hub of Neom, represents MBS’s vision of Saudi Arabia as a modern, globally connected state with deep cultural and historical ties.

Controversies and International Perception

While MBS has been lauded for his ambitious reforms, his tenure has also been marked by significant controversies that have tarnished his international reputation.

  • The Khashoggi Incident: The 2018 murder of journalist Jamal Khashoggi in the Saudi consulate in Istanbul sparked global outrage and led to widespread condemnation of MBS. The incident severely damaged his international standing and raised serious questions about human rights under his rule. Despite initial denials, U.S. intelligence agencies later concluded that MBS likely approved the operation, further complicating Saudi Arabia’s relations with Western allies.
  • Human Rights Concerns: Beyond the Khashoggi incident, MBS’s crackdown on dissent, including the imprisonment of activists and critics, has drawn criticism from human rights organizations. These actions stand in stark contrast to his reformist image, highlighting the complex and often contradictory nature of his rule.

Conclusion

The rise of Crown Prince Mohammed bin Salman is a story of power, ambition, and transformation. Through his control over oil, strategic economic reforms, and efforts to reshape Saudi Arabia’s cultural identity, MBS has positioned himself as a key player on the global stage.

However, his tenure has also been marred by controversies that have raised serious concerns about his approach to governance. As Saudi Arabia continues to navigate these challenges, MBS’s actions will undoubtedly shape the kingdom’s future and its role in the world for years to come.

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