The possible closure of the Strait of Hormuz by Iran could disrupt 20% of global oil, raising prices and causing worldwide economic instability. Countries like Saudi Arabia have alternative plans, but the situation would increase regional tensions and impact the global economy, highlighting the vulnerability of the global energy system.
Saudi Arabia is positioning itself as a regional and international force, strengthening alliances, mediating conflicts, promoting stability, and diversifying its relationships. It leads diplomatic and security initiatives, drives the economy, and seeks balance in its environment, promoting dialogue and cooperation to advance its vision of regional stability and prosperity.
Saudi Arabia's economic development has significantly transformed over the past decade. Driven by the need for diversification and the "Vision 2030" program, the country aims to reduce its oil dependency and focus on sectors like tourism and renewable energy, while geopolitical dynamics continue to shape its regional influence and stability.
Saudi Arabia is changing his style and start to prepare a strategic way to being a powerfull country in Middle East
Saudi Vision 2030 is an ambitious reform program launched by Crown Prince Mohammed Bin Salman to diversify Saudi Arabia's economy and reduce oil dependency. Focusing on modernization, social empowerment, and cultural openness, the vision aims to create a sustainable future, fostering economic growth and enhancing the kingdom's global standing.
The war in Yemen, which began in 2014, poses an existential threat to Saudi Arabia, affecting its national security and regional influence. The rise of the Houthis, backed by Iran, shifts the balance of power, with the conflict extending to strategic interests in the Bab el Mandeb Strait and ties to Somalia and Ethiopia.
Saudi Arabia is one of the most important countries in the world. Its oil industry is essential for the Saudi and world economy, being the second country in oil reserves after the Venezuelan-Brazilian oil fields. Its economy is strong and stable and its growth forecast for 2024 places it at 2.6%, a forecast that will … Sigue leyendo Saudi Arabia, the diplomacy of subtlety
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