In the City

Saudi Arabia’s ‘New Middle East’ Has a Problem: The Old One

On this week’s In the City, we look at Crown Prince Mohammed bin Salman’s vision of regional prosperity, and whether it can survive the Israel-Hamas war.

Saudi Crown Prince Mohammed bin Salman

Photographer: Fayez Nureldine/AFP/Getty Images
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In the seven years that Saudi Arabia has hosted its flagship investment conference, dubbed “Davos in the Desert,” Prince Mohammed bin Salman has expended energy on lowering the geopolitical temperature in the region. He’s resolved disputes with Qatar, minimized tensions with Iran, rowed back on his invasion of Yemen—all to focus on his primary goal: economic growth and economic diversification.