Mohammed bin Salman’s visit breaks new ground in Saudi-US relations
Date : July 25, 2018
Saudi Crown Prince Mohammad Bin Salman’s successful visit to US can be called truly historical. If we review the character of the meetings and the route of his long trip, we can understand why it can be called historical. Historical not only for Saudi Arabia, but also for the whole Gulf region and the Arab world.
This year it will be 80 years since the oil production began in Saudi Arabia in 1938. It is notable that the anniversary of the first oil-production coincides with the efforts of Saudi Arabia to shift away from oil dependency, diversify its economy and leapfrog into the era of high technology.
If you look at the kind of businessmen Mohammad Bin Salman chose to meet with during his trip, you will find that the majority of them are not representatives of old banks, oil companies and metallurgical giants, but businesspersons from high-tech industry, people that have built their billion-dollar businesses from scratch. The Prince understands that the future will be driven by high-tech and it will be the creative people who will drive this technolgy. We live in a world where a portal selling various goods can be more profitable than a large factory and respectively can cost more.
April 13, 2018, “Al Arabiya”