Saudi Arabia’s Crown Prince Mohammed bin Salman aims to modernize, expand and diversify his country’s commercial activities. That’s why he prioritizes trade and economic development.
Data shows that in 1980 the country was 12th in the world in Gross Domestic Product, but now it is in 20th place.
The prince’s actions to bring his country to the fore are.
- Seeks to find investors to establish heavy industry within the country.
- It wants to join the BRICS currency (which was formed by Russia, China, Brazil, India and South Africa).
- He is preparing a railway that will connect Europe with India to bypass the Indian Ocean, where there is piracy, but also to make transport faster and cheaper.
- American electric vehicle manufacturer Lucid Motors will build a factory in Saudi Arabia.
- Prepares the giant NEOM construction projects.
- Invests in the eSport sector.
- Makes sports transfers of the greatest people in sports to improve the performance of its teams and athletes.
- Development of projects that will improve and increase tourism.
- Will open diplomatic relations with Israel only if the living conditions of the Palestinians improve.
- Will seek to have nuclear weapons if Iran acquires a nuclear arsenal so that there is a balance of power.
[Source: http://www.fortune.com]
