Times of India·4 min read·medium

A cash-strapped country, a persistent war machine: How Houthis are risking MBS's Vision 2030

V
VIVEK DUBEY
A cash-strapped country, a persistent war machine: How Houthis are risking MBS's Vision 2030
✦AI Summary

Saudi Arabia's Vision 2030 economic transformation is facing significant security challenges due to persistent Houthi missile and drone attacks. These strikes on critical infrastructure threaten the kingdom's goal of becoming a global business and tourism hub.

Why it matters

The stability of the Middle East's largest economy is vital for global oil markets and regional investment, making the Houthi conflict a major geopolitical risk.

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A missile does not need to destroy a skyline to threaten the future built around it. For Saudi Arabia, repeated Houthi attacks on airports and oil infrastructure have become more than a security threat. The recent strikes on Riyadh's airport have killed at least 13 people and injured more than 300, disrupted flights and affected major international events. They have also raised a larger question: Can one of the Middle East's wealthiest countries convince the world that it remains safe for business?That question is at the centre of Crown Prince Mohammed bin Salman's Vision 2030. The ambitious plan seeks to reduce the kingdom's dependence on oil by attracting foreign investment, expanding tourism and turning Riyadh into a global business hub. Its success rests not only on grand projects and deep pockets, but also on the promise of stability.

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