Thursday, 18 October, 2018

Saudi's PIF to surpass $600 billion target by 2020, Crown Prince

Saudi Crown Prince Mohammed bin Salman. — File Saudi Crown Prince Mohammed bin Salman. — File
Leonard Rios | 10 October, 2018, 12:30

Mr. Khashoggi has been writing some of the highest-profile editorials that critiqued the reform policy efforts of Saudi Crown Prince Mohammed bin Salman (known as MBS).

Turkish President Recep Tayyip Erdogan has said he is hopeful about the fate of missing Saudi journalist Jamal Khashoggi amid reports that the critic may have been killed shortly after entering the Saudi consulate in Istanbul.

"We have spare capacity of 1.3 million without any investment", he explained, adding that a deal with Kuwait to resume production in the Neutral Zone between the two countries would add extra capacity.

"We are now above $300 billion, we're getting close to $400 billion", he said.

The 33-year-old crown prince, who was named heir to the throne in June 2017, has garnered global attention with his rapid rise to power as well as social and economic reforms.

But the ultra-conservative kingdom, which won plaudits in June for lifting a ban on women driving, has drawn heavy criticism for its handling of dissent.

Sen. Dianne Feinstein (D-Calif.) called for an investigation into what she called a "gross violation of human rights".

The Turkish source said Turkish officials were trying to identify them.

The New York-based Committee to Protect Journalists demanded Riyadh give "a full and credible account" of what happened to Khashoggi inside the consulate.

Khashoggi left Saudi Arabia a year ago, saying he feared retribution for his criticism of Saudi policy in the Yemen war and its crackdown on dissent.

Bessma Momani is a professor at the University of Waterloo and the Balsillie School of International Affairs.

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"If Khashoggi's death is confirmed and accusations against the Saudis hold, the image of the "reformer" crown prince becomes more hard to swallow particularly in Washington and other Western capitals", she told AFP.

"We are ready to welcome the Turkish government to go and search our premises", he said.

Ankara announced on Saturday that it had opened an official probe into his disappearance.

The detailed plan for Saudi Vision 2030 involves the objective of broadening the economic horizons of Saudi Arabia, primarily by leading the country from its conventional outlook as being only an oil-rich economy. "There are more disagreements than agreements", Dorsey, a fellow at Singapore's S. Rajaratnam School of International Studies, told AFP.

Other Turkish officials, speaking on the condition of anonymity, told outlets that they believed Khashoggi had been killed.

Bin Salman accused Qatar, which is under a land, sea and air blockade imposed by Saudi Arabia, the UAE, Egypt and Bahrain, as one of the countries that provided support for the activists.

But if proven, the murder of Khashoggi would be the most serious diplomatic crisis between the two nations to date.

His disappearance is likely to further deepen divisions between Turkey and Saudi Arabia.

The Saudi-led coalition accused the report's authors of inaccuracies.

"Before everybody jumps to conclusions, why would a government conduct a "premeditated assassination" of a dissident in its own consulate as opposed to anywhere else where they would have plausible deniability", he tweeted on Saturday.

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