CNBC reported Saudi Arabia is open for private infrastructure investment. That was one message at the World Economic Forum in Davos, Switzerland.
Vision 2030 is being overseen by Saudi Crown Prince Mohammed bin Salman and centers on three main themes to build a "a vibrant society, a thriving economy and an ambitious nation." A key part of the vision is to increase private investment and the growth of the private sector, which Saudi Arabia hopes will contribute 65 percent of gross domestic product (GDP) by 2030.Saudi Transport Minister sold the investment opportunities to the Western billionaire class at Davos:
"We have long-term public/private partnership (PPP) concessions that are in play. We are looking at restructuring some of our airports as well, allowing them to be privatized and then the big one is railroading."Over the last thirty years Davos' billionaire boys railroaded the U.S. economy to their extreme advantage, courtesy of America's Red and Blue political parties.
Billionaires don't invest if their money could be arbitrarily appropriated. Thus it became important for the new Saudi Crown Prince to release the Royal Family's most Western oriented billionaire. As Davos closed Prince Alaweed bin Talal gave an interview to Reuters.
The Prince described his three month detention with no word to the outside world as a misunderstanding and he was simply involved in discussions. His obvious weight loss was due to a vegan diet.
At least the Davos crowd fattened up on Saudi cuisine, sponsored by the MiSK Foundation--Saudi Crown Prince Mohammed bin Salam's effort to engage Saudi youth.
It sponsored the MiSK Global Forum late last year, the biggest youth event in the Middle East. Disrupt to stabilize is the mantra of Davos' billionaire class. It appears the Saudis plan to teach their youth PEU ways.
Update 2-10-18: UK's DailyMail says the Prince's release was a PR stunt in response to a BBC documentary.
Update 2-11-18: The Riyadh Ritz Carlton reopened for business. The public is once again invited to book rooms at the luxury hotel. This should please the Davos boys.
Update 3-10-18: Western oriented Billionaire Prince Alaweed bin Talal has been banned from giving interviews. Disrupted, now silenced.
Update 9-30-18: ArabNews reported on the Crown Prince's PEU effort at Davos earlier this year.
Update 12-4-18: U.S. Senators heard evidence of the Crown Prince's ordering the murder of a Saudi journalist.
Update 12-28-18: McKinsey abandoned a Saudi partner who is yet to be released from the Crown Prince's abusive shakedown.
Update 10-9-21: The Khashoggi murder is such old news that the man behind the execution is being promoted for his public service by Crown Prince bin Salman. Further evidence that Khashoggi's brutal killing is in the rear view mirror came from bin Salman led Saudi Public Investment Fund's purchase of Newcastle United.
Update 12-6-22: The U.S. court case against the Crown Prince was dismissed under the guise of sovereign immunity, something the Prince did not have at the time of the execution. The judge said his hands were tied by the Biden administration's recommendation to the court. Thugs win.
