Saudi Arabia’s business tycoon Turki al-Rasheed said the crisis with Qatar, Yemen, Syria and Iraq was hampering the shift in Saudi Arabia and threatening not to achieve sustainable development.
“Two years into the reform drive, Saudi officials face thorny issues in how to save money and accelerate social change without paralyzing the economy and engaging the conservative religious establishment,” she said.
Bloomberg said the Saudi government, before announcing a lifting of the ban on women driving last month, had arrested clerics and other activists.
The royal family showed little willingness to shoulder the burden of reform, the agency said, adding that during his last visit to Russia, King Salman had accompanied 1,500 facilities, a gold terminal for the plane and booked two luxury hotels in Moscow.
The Central Bank of Saudi Arabia (SAMA) data showed a month ago that Saudi Arabia’s foreign reserves fell in August to their lowest levels since April 2011.