QuickTake
The Slow-Motion Crisis in Saudi Arabia, in Two Minutes
What if the royal family’s plan to get beyond oil and build a $2 trillion wealth fund doesn’t pan out?
Can Saudi Arabia Shake Its Hydrocarbon Habit?
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Long-stewing problems in one region don’t go away just because another region is at center stage. While Brexit has raged, 3,000 miles away in Riyadh the Saudi royal family, beset by the long-term plunge in petroleum prices, is racing to transform the kingdom’s oil-centered economy. If it ultimately fails to realize its grand plan in an already convulsive Middle East, the impact would be incalculable.
QuickTake Saudi Arabia’s Strains