Saudi Arabia economic management criticized in opinion piece

An opinion piece by Sheikh Abdulmanan Al-Sunbali criticizes the economic and social management of Saudi Arabia. The author argues that the country is mismanaging its wealth, citing several indicators of perceived extravagance and mismanagement.

Key points of criticism include the fact that Saudi deposits and investments in American banks exceed $3 trillion, while domestic poverty rates are estimated at 20% and unemployment at 15%. The author also highlights significant financial transfers following visits by Donald Trump and criticizes large-scale spending on entertainment, beauty pageants, European football clubs, and regional political interventions.

The author concludes by warning of a potential imminent collapse of the Saudi state, suggesting that the stability of the nation is tied to the stability of Aramco, which he compares to the historical importance of the Marib Dam to the ancient Kingdom of Saba.