The arrests of prominent officials and businessmen in Saudi Arabia over the weekend has been welcomed in some quarters as a step towards tackling corruption in the Kingdom and is another sign that Crown Prince Mohammed bin Salman is consolidating power. However, the move risks dealing a short-lived blow to the economy and opposition towards MbS within the royal family, business elite and religious establishment could build, potentially threatening the Vision 2030 reform plans.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to gain:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services