The 31 YO rising star of the Saud dynasty,, has announced a broad goal of bringing Saudi Arabia into the mid 19th Century by 2030. Being an incrementalist myself, I recognize some movement out of the Ston[ing] Age as a positive.
One worry everyone in the west seems to share is that the blowback from other parts of the family will stifle this little candle in the night.
I also must wonder if it is a good business decision to do an IPO of 5% of the nation’s wealth when the current pricing for its one commodity is low. That move has an air of desperation to me.
Am I wrong? Why?
Filed under: Middle East |