Monday 25 December 2017

Saudi transformation in 2017 and the year ahead | ZAWYA MENA Edition

Saudi transformation in 2017 and the year ahead | ZAWYA MENA Edition:

"To say that 2017 was an eventful year for Saudi Arabia is an understatement. It was full of great achievements, formidable challenges, and some surprises. Regional and international events aside, domestically Saudi Arabia went through a real transformation in governance and economic policy. There were several milestones during the year, but I will address three: Prince Mohammed bin Salman’s elevation to crown prince in June, the unprecedented campaign against corruption in November, and the expansionary budget announced last week during one of the worst economic downturns in recent years. On June 21, on the recommendation of the Allegiance Council, King Salman chose Prince Mohammed to be his crown prince and next in line to the throne, in addition to being deputy prime minister and minister of defense. That move streamlined Saudi governance at the highest levels and was accompanied by major restructuring of several government institutions. The Office of Public Prosecutor, for example, was elevated to Cabinet level, reporting to the king directly. It was granted more independence in carrying out its quasi-judicial tasks, a move that was essential later in the year when it handled the anti-corruption campaign. On Nov. 4, Saudi Arabia launched its largest anti-corruption campaign in recent history. Authorities arrested hundreds of senior princes, officials and businessmen suspected of shady deals, and froze the bank accounts and other assets of many more. Over 200 individuals were detained during just the first week of the campaign, and 1,200 accounts frozen."



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