Saudi investors check out after hotel turned into luxury prison:
"As they mingled with Saudi Arabia’s business and political elite at the Ritz-Carlton in Riyadh last month, the world’s top financiers were effusive in their praise of Crown Prince Mohammed bin Salman’s vision to modernise the conservative kingdom. But 10 days later, with the hotel turned into a deluxe jail for the hundreds of princes and businessmen rounded up in an extraordinary corruption crackdown, the mood of many of the foreigners considering investing in the world’s top oil exporter has turned from enthusiasm to alarm. “Half my Rolodex is in the Ritz right now. And they want me to invest there now? No way,” said one senior investor. “The wall of money that was going to deploy into the kingdom is falling apart.”"
'via Blog this'
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