Saudi Prince Visiting U.S. Seeking Investors Amid Yemen Civil War Protests

https://www.cnbc.com/2018/03/19/saudi-arabias-crown-prince-mbs-is-coming-to-america.html

Saudi Arabia’s 32 year old Crown Prince Mohammed bin Salman is visiting the U.S. this week. The prince is seeking to bring Saudi Arabia outside its oil export dependency as demands for alternative fuel sources rise globally. For decades Saudi Arabia has been a rentier state relying almost exclusively on exporting oil. But as oil prices drop and the demand for alternative fuels rise the prince is scrambling to find new ways to bring in outside investors. Mohammed bin Salman is hoping to bring in western investments in Saudi oilfield services, chemicals and renewable energy, the tech industry as well as in entertainment. The prince visited the UK earlier this year with interest in buying 48 typhoon combat jets but the deal has yet to be concluded. Many are protesting any western investment in the Saudi government because they are responsible for citing the now three year long civil war in Yemen. The Saudis and Iran have no love lost between them (and are on opposite sides of the Yemeni conflict) and Saudi Arabia is outspoken in declaring they will seek nuclear weapons should Iran become a nuclear state.

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