Foreign royalty comes to America to experience the grandeur of the nation, its natural wonders, the success of its industry, the vast complexity of its society, and, ultimately, to do a little shopping.
Saudi Arabia’s crown prince Mohammed bin Salman, known as MBS, is no different. Except he’s here to buy some very pricey weaponry, a piece of the entertainment industry, and perhaps a few personal baubles. But this is not simply a shopping trip. MBS is also here to deliver the hard-sell.
First on his list, is his desire to woo American financial centers for foreign direct investments in his development schemes, from building a new city to selling off parts of the Saudi cash-cow, the state oil company Aramco. To make his pitch credible, he needs to show that Saudi Arabia is in the midst of dramatic liberalizing reform, but also that the sweeping changes are manageable and that he’s really in charge. READ MORE