Dubai’s port authority has extended the UAE’s reputation to far-off locations – for better or worse. Now the city’s leadership must focus on narrowing the space for DP World’s vulnerabilities to have negative impacts on the Emirate as a commercial hub. An intriguing political dynamic further colours this nuanced case-study.
Control the media and you control the masses – a motto applicable to Riyadh’s power players. Although media ownership garners less attention than petrochemicals and construction in Saudi Arabia, its relevance to understanding internal dynamics must not be downplayed.
With approximately 40 years separating his eldest and youngest children, King Salman’s lineage is intriguing. A cadre of sons and grandsons are known to have acquired prestige since his coronation in 2015 but there are a series of influential business and political personalities attached to the King that fly under the radar.
As the face of wealth in Saudi Arabia and the wider Middle East, Alwaleed bin Talal is the envy of many. Connections to the power core afforded him great prestige in his rise to the top but he has since strayed from the accepted line; an act that will not be tolerated under King Salman or Crown Prince Mohammed.
It’s not all about Aramco. SABIC lives in the shadow of its energy cousin in Saudi’s corporate landscape, but evidence suggests that it may be of equal strategic value to Riyadh’s power players. As the path towards diversification continues, investors are advised to become familiar with SABIC.