Saudi Arabia forms new alliances as Vision 2030 projects are cancelled
Updated
Updated · The Globe and Mail · May 1
Saudi Arabia forms new alliances as Vision 2030 projects are cancelled
6 articles · Updated · The Globe and Mail · May 1
Riyadh activated a 2025 defence pact with Pakistan, which sent 13,000 troops, and joined a Saudi-Pakistan-Egypt-Turkey security bloc while expanding military ties with China.
The shift follows the U.S.-Israeli war on Iran, six weeks of Iranian strikes, Hormuz disruption and low oil prices, which halted Riyadh megaprojects including the Mukaab, The Line and a planned ski resort.
The crisis has deepened doubts over Crown Prince Mohammed bin Salman’s decade-old diversification drive, increased reliance on hydrocarbons and sharpened risks of economic confrontation with the UAE after its OPEC exit.
As Riyadh builds a new security axis with China, what happens to its multi-billion dollar arsenal of American weapons?
Vision 2030 is in ruins. Can Saudi Arabia's new autocratic allies provide the economic salvation the West could not?
With the UAE now exiting OPEC, is the era of unified Gulf control over global oil prices officially over?