Saudi cam

22-Jun-2020 16:18

The powerful Saudi crown prince's purge of royals and ministers this weekend could pave the way for improved business conditions in the kingdom, analysts say.

but if this 32-year-old reformer stays in power, can actually change the kingdom ...

However, several Middle East watchers rejected an either-or explanation.

Instead they say the roundup has elements of an anti-corruption drive, a consolidation of power and a populist appeal to average Saudis fed up with royal excess.

"There'll be a concern about whether or not there's going to be stability in the kingdom or not, and that's going to raise questions about is this a good time to be investing?

" said Dennis Ross, a diplomat who served in both Democratic and Republican administrations.

but if this 32-year-old reformer stays in power, can actually change the kingdom ...However, several Middle East watchers rejected an either-or explanation.Instead they say the roundup has elements of an anti-corruption drive, a consolidation of power and a populist appeal to average Saudis fed up with royal excess."There'll be a concern about whether or not there's going to be stability in the kingdom or not, and that's going to raise questions about is this a good time to be investing?" said Dennis Ross, a diplomat who served in both Democratic and Republican administrations.Those heavyweights included Prince Alwaleed Bin Talal, a billionaire investor often referred to as the Warren Buffett of Saudi Arabia, who was among those swept up in the purge.