Saudi Arabia’s Mohammed bin Salman elevated to Crown Prince
King Salman, Arabia, made his son his successor Wednesday, having his nephew as crown prince and powerful who gives unprecedented powers of 31 years as the world’s largest oil exporter implements transformative reforms.
A royal decree called Mohammed Bin Salman, Prince of the Crown, and Prime Minister. It maintains the portfolios of defense, oil and others.
He said that Prince Mohammed bin Nayef, an admired anti-terror leader in Washington for the launch of an Al Qaeda bombing campaign in 2003-2006, has been relieved of all messages.
Although Mohammed bin Salman’s promotion in close circles is expected to be so shocked that the Kingdom is facing increasing tensions with Qatar and Iran is engulfed in a war in Yemen.
The royal decree says that the king’s decision to promote his son Salman and consolidate his power was approved by 31 of the 34 members of the Council of Loyalty, made up of senior members of the Al Saud family.
Always dedicated to dispelling speculations about the internal divisions within the Al Saud dynasty, Saudi television quickly showed that the change of succession was kind and the support of the family.
Throughout the morning footage was broadcast of Mohammed bin Nayef paying allegiance to the young Mohamed bin Salman knelt and kissed the hand of his elder cousin.
“I am happy,” said Prince Mohammed bin Nayef. Prince Mohammed bin Salman replied: “We will not give your advice and guidance.”
Analysts said the change ends the uncertainty over the succession and allows Prince Mohammed bin Salman to progress more quickly with his plan to reduce Kingdom dependence on oil, which includes partial privatization of the national oil company Aramco.
“Change is a big boost for the economic reform program … Prince Mohammed bin Salman (MBS) is the architect,” said John Sfakianakis, director of the Riyadh Gulf Research Center.
Bernard Haykel, professor of Middle Eastern Studies at Princeton, said the king’s decision was to avoid a power struggle between his son Mohammed bin Nayef, clearly defining the line of succession.
“This is clearly a transition that happened without any problems and blood.” Now, of course, it’s very simple, this kind of clarity reduces the risk, there’s no doubt as to who will be in charge. ”
Regional tensions STAIRS
“Some people predicted that this would lead to division in the family and conflicts and a kind of revolt. I do not see this happening.”
A Saudi official said the decision was made because of what he called the special circumstances that are presented to the members of the Flag Council. He added that Mohammed bin Nayef supported the decision in a letter sent to the king.
The royal decree has not named a new heir deputy prince. The position is relatively new in Saudi Arabia, where a king has traditionally chosen his own successor.
As deputy heiress Prince Mohammed bin Salman was responsible for the war in Saudi Arabia to Yemen, dictating energy policy with global implications and advanced plans for the Kingdom to build an economic future after oil.
That the actual succession in world leading oil exporter is tightly controlled only increases the speed of the rise of Mohammed Bin Salman and the speed with which he was dismissed his most famous, most incredible cousins.
The announcement comes after 2-1 / 2 years and major changes in Saudi Arabia, which shocked the allies in 2015 with the launch of an air war in Yemen, reducing the generous subsidies and propose in 2016 partial privatization of the company National oil company Aramco.
Financial analysts said the promotion of Prince Mohammed gave additional assurance that the key elements of the radical reforms to diversify Saudi economy beyond continuing oil.
“We do not expect major changes in key policies, including economic ones,” said Monica Malik, chief economist at Abu Dhabi Commercial Bank.
Last year, Mohammed bin Salman, or “MBS” as it is widely known, announced radical changes to end dependence on the oil kingdom, part of its campaign to address the systemic challenges that the kingdom has not previously addressed .