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Houthi Attacks Undermine Saudi Arabia's Economic Ambitions
The attacks have forced event cancellations, remote work and a 3.3% IMF contraction forecast as investors reassess Saudi Arabia’s risk.
Summary by France24
4 Articles
4 Articles
Houthi attacks undermine Saudi Arabia's economic ambitions
A decade ago, de facto ruler Crown Prince Mohammed bin Salman launched his bold Vision 2030, aiming to diversify the economy away from oil and turn the powerful monarchy into a hub for tourism, international events and multinational enterprises. Already dealt a blow by Iran's attacks on US allies in the Gulf during the wider Middle East war, the plan now faces an existential hurdle with unprecedented Houthi attacks, in particular targeting oil i…
·Issy-les-Moulineaux, France
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The Houthi attacks have raised concerns among global investors in Saudi Arabia. Billions of dollars worth of projects are at risk. Saudi Arabia's global credibility is being questioned.
'A delicate situation': Houthi attacks undermine Saudi Arabia's economic ambitions
·Luxembourg City, Luxembourg
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