Since he became the De facto ruler, the Saudi Crown Prince, Mohamed bin Salman, has used all security, economic or health means to spy on state institutions and Saudi people, claiming that all of this was in the interest of national projects aimed at achieving prosperity for citizens in KSA, providing job opportunities, and increasing per capita income, however, none of this had happened until now, rather things became much worse.
In a new illusion step, MBS announced his “Partner” program, which is based on the idea of working between the public sector and the private sector in Saudi Arabia, resulting in, according to MBS, pumping large investments worth nearly 12 trillion Saudi riyals, over 9 years.
All those investments will be pumped into the “National Investment Strategy” in cooperation with 24 Saudi companies, all of which will transfer part of their profits, to invest in MBS’s new project.
Specialists evaluated this step as a reflection of his failure in the past of media projects that have no effect in reality, as poverty and unemployment rates are increasing.
The launch of a new project every month is another evidence of the failure of MBS’s economic system and his failure to market his projects to foreigners, as they have not accepted it yet, due to his economic, political, and social policies.
Regarding the forcing of international companies to move their headquarters to Riyadh, and their withdrawal from the Dubai market, Tariq Fadlallah, CEO of the Middle East unit at Nomura Asset, said: We have seen the government try to attract foreign investors to Saudi Arabia, and now they try to attract local investors as well. I am not a fan of government intervention in the private sector, but Saudi Arabia has limited ways to motivate companies to operate in its markets and invest in the projects that it announces every day.
International observers said that these steps indicate the failure of the Davos in the Desert Forum, therefore MBS is now trying to force the private sector to work with him, in order to improve the deteriorating economic situation. He believed that the foreign investor will be forced to work in KSA, and the investors will come to him asking to be allowed to invest in his dream projects, but he was surprised that they had come in search of the Saudi Investment Fund’s money, and to benefit from its wasted billions, as they see chances for themselves similar to the Japanese businessman Masayoshi Son, who managed to get $ 45 billion in a meeting that took less than an hour.
