Saudi Crown Prince Mohammed bin Salman, commonly referred to by his initials, MBS, welcomed Chinese dictator Xi Jinping to Riyadh with a gregarious handshake and lavish ceremony featuring a 21-gun salute.
that the two leaders had signed multiple agreements, “including on hydrogen energy and encouragement of direct investment.”
Vision 2030 is the crown prince’s ambitious plan to diversify the Saudi economy to ensure it is not solely reliant on oil, which includes plans to build a “green” megacity in northern Saudi Arabia, known as Neom, and corruption purges to consolidate power. The Belt and Road Initiative is China’s global plan to offer predatory loans to poor countries for them to use to buy Chinese construction services, used to build major infrastructure projects they could not otherwise afford.
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