Saudi Arabia’s crown prince is in Asia forging new ties and seeking deals as he tries to keep his dream of economic transformation alive following a chill in relations with the West.
Mohammed bin Salman wrapped up his visit to Pakistan on Monday with agreements worth $20 billion — including one to develop alternative energy — before heading to India and China, both big buyers of Saudi oil.
But his trip is about much more than energy. The crown prince is spearheading efforts to diversify the kingdom’s economy away from what he once called an “addiction” to oil.
For that he needs foreign investment and expertise. Bin Salman will be looking to India and China for both.
His plan, dubbed Vision 2030, aims to reduce unemployment, grow the private sector and develop industrial, tourism and entertainment hubs over the next decade.