Saudi Arabia’s Crown Prince Mohammed bin Salman continues to draw criticism for his extravagant spending, with the latest project involving a $10 million agreement for the production of drones. Despite the nation’s rising deficits and growing public discontent, the Crown Prince has chosen to prioritize vanity projects over pressing national needs.
Recent reports reveal that Qiddiya Aviation, a Saudi company directly controlled by Mohammed bin Salman, has signed a contract with French firm XSun to establish a drone factory in Riyadh. This agreement will result in the production of two drones within three months of the factory’s inauguration, with additional parts for six more. However, critics argue that the agreement provides no tangible benefits to Saudi Arabia. The French company retains exclusive sales rights across the Gulf region, Middle East, and North Africa, sidelining local economic development.
A Pattern of Wasteful Spending
This is not the first instance of Mohammed bin Salman making controversial purchases. In recent years, he has spent:
$600 million on four electric aircraft for personal and entertainment use.
Billions of dollars on the Neom project, which has faced significant delays and skepticism from international investors.
Tens of millions on flying taxis to support entertainment events and tourism.
Economic Strains Intensify
While billions are funneled into projects of questionable utility, Saudi citizens face increasing economic hardships:
Rising poverty and unemployment rates.
Widespread infrastructure issues, including flood damage caused by inadequate planning.
Cuts to public services like healthcare, with state hospitals being privatized to offset budget deficits.
Economic experts warn that these expenditures, paired with reliance on international loans, are pushing the nation toward unsustainable debt. Saudi Arabia’s budget deficit is projected to climb to 1.3 trillion riyals by 2025, a figure exacerbated by failed projects and missed economic targets.
International Dependencies
The reliance on foreign companies like XSun and Azur Drones reflects a deeper issue: the kingdom’s inability to foster local industries. Critics note that agreements with international firms prioritize foreign profits over national interests, further undermining the kingdom’s economic sovereignty.
A Nation’s Frustration
Public discontent is growing as citizens question the Crown Prince’s priorities. Investments in entertainment, luxury, and international collaborations contrast starkly with the struggles faced by ordinary Saudis. Many see these initiatives as part of a larger strategy to distract from the government’s shortcomings, including poor governance and human rights abuses.
$10 Million on Drones: Bin Salman’s Latest Extravagance Amid Economic Struggles
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